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《Journal of Guizhou University For Nationalities》 2004-01
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Independent System of Board Directors in China’s Listed Companies

Xie Zhi Jiu (Department of Public Administration, Guizhou University for Ethnic Minorities, Guiyang, Guizhou Province 550025)  
The establishment of an independent system of board directors is a great breakthrough in the reform of China’s listed companies. It is useful for the solution of some practical problems such as the abuse of power by major shareholders. However, the system is not based on sound reform of companies and strong power of supervision committees. Thus, it is necessary to deal with a number of issues well, such as the selection of independent board directors, their ways of work, their responsibilities and power, means of incentives, and relationship with supervision committees.
【CateGory Index】: D922.29
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