Research On The Influence Of Independent Directors'ability To Carry Out Their Duty To The Quality Of Accounting Information Disclosure Under CEO's Power

In China's current market system and capital operation model,whether independent director system can improve the quality of accounting information disclosure has always been the topic of academic discussion.The government and investors hope to strengthen the transparency of the company by setting up independent directors,protect the small investors and solve the problem of asymmetric information.However,in the actual operation,there is often the expansion of the CEO power in the enterprise,whether it will damage the effectiveness of the independent director system,it is necessary to draw conclusions through research.At the same time,it is also a practical problem for listed companies to formulate the criteria for selecting and appointing independent directors.It is the only way for China's capital market development to improve the effectiveness of independent director system and let independent directors play their role in corporate governance.This paper discusses the influence of independent director's performance ability on the quality of accounting information disclosure and the adjustment of CEO power from the theoretical and empirical point of view.First of all,through the reputation theory,the "busy director" theory,herd theory and executive power theory,the independent director's ability to perform his duties on the quality of accounting information disclosure was analyzed theoretically,and the hypothesis was put forward.Then,the concept definition and index selection are carried out,and the CEO power score is obtained by factor analysis.Finally,through the quality of regression analysis and adding CEO power as the product after the independent directors for regression analysis of the quality of accounting information disclosure of the obtained the following conclusions: independent directors on the accounting information disclosure of the remuneration of independent directors for the disclosure of accounting information quality has a positive effect.However,with the expansion of CEO power,the positive impact of the independent director salary increase on the quality of accounting information disclosure has been weakened.The independent director's professional background,financial background and number of part-time jobs have a positive impact on the quality of accounting information disclosure,and do not change with the expansion of CEO power.At the same time,the office of independent directors and listed companies in the same city and non remote,independent directors will give more opportunities to understand the basic situation of listed companies,more targeted in performing their duties,and promote the quality of accounting information disclosure and corporate governance level of.This confirms the effectiveness of the establishment of independent director system to some extent.At the same time,it puts forward feasible policy recommendations for how independent directors should be elected.