Independent Director" System in Credit Crisis
LI Zi-dan ( School of Economics and Finance, Xi' an Jiaotong University, Xi'an710061, Shaanxi, China)
It has been over two years since the " independent director" system was adopted in China since August 16, 2001, but this system, which is designed to supervise the major shareholders and to protect the minor shareholders, does not seem to work effectively as expected. This paper suggests that the credibility of the listed companies be examined and the effectiveness of the system analyzed for the purpose of improving the system and regulating the listed companies in China.
【CateGory Index】： F271