The Research Of Correlation Between Characteristics Of Independent Directors And Corporate Performance

The main characteristics of modern enterprise system are the separate of ownership and control which not only can optimize the distribution of social resources but also will bring the principal-agent problem. At the beginning of the century, the companies in the United States outbreak the scandal and financial fake continuously, especially the collapse of Stone, Parmalat and Lehman brothers. This caused the discussion of corporate governance and performance management. And independent director governance as the core part of corporate governance and corporate governance system is becoming the focus of all countries government, individual economic organizations as well as the corporate world. The independent director system originated in Britain and the United States and other developed western countries, aims to supervise the company executives to prevent executives to abuse power for personal gains, and the independent directors also can supervise the big shareholders encroach on the rights and interests of minority shareholders at the same time. The domestic experts and scholars has been did a lot of research on the independent director system since ten years ago, but the independent director system is not long enough in our country causing the data samples is not rich, system is not perfect, the practical operation effect of the independent director system has a great gap with abroad. Therefore, the independent director system has become the focus of the theoretical circle of research.This thesis selected 54 listed companies in Human province as the research sample; put the characteristics of independent directors in listed companies and the relationship with corporate performance as the research content to analyze the impact between those two. The results show that: The results prove that the proportion of independent directors, the proportion of female independent directors, education degree and the proportion of the independent directors who professional background of accounting has a positive correlation with the company performance.Based on the research of the listed company in Human province, this thesis enriches the theoretical achievements of the independent directors relationship between the characteristics of and corporate performance and broaden the research depth and breadth of the independent director system, especially for giving a certain reference value for the design of the corporate governance of listed companies in central China. So that makes providing some experiences for the listed companies to know how to select the independent directors to be possible.