The Rational Choice for Improving Corporate Governance Structure:Standardize Supervisory Board System
ZHU Ming-xiu School of Business Nanjing University. Nanjing 210093, China
The coexistence of supervisory board system and independent director system will cause ambiguous powers and responsibilities between these two institution, which may weaken their supervision function and lower their supervision effects. Based on the principle of rights separation in three aspects and mutual control, China's corporate governance structure itself is reasonable, while it has low efficiency in operation. The problems that appear in the process of system operation shouldn't be attributed to the system itself. The rational choice for improving corporate governance structure in China is to standardize the supervisory Board, system.
【CateGory Index】： F276.6