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《Journal of Nanjing University(Philosophy, Humanities and Social Sciences)》 2003-02
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Experience and Revelation from the Introduction of Independent Director System of Japan

WU Jian-bin (School of Business, Nanjing University, Nanjing 210093, China)  
May 29, 2002 witnessed the completion of the biggest amendment of Japan' s Commercial Law and Company Law after World War II. One of the distinctive features of the a-mendment was the introduction of the American independent director system for the gradual improvement of the management structure of Japan' s companies. For large and mainly public companies, whether setting up the post of an independent director or strengthening the system of independent supervisor is only discretionally regulated in law and can be decided by companies themselves. For those companies which practice " Independent Director System" , the original supervisory system is replaced by the post of executive manager and the responsibilities of the independent director are different from other directors. These changes in the system are fairly justifiable. In contrast, there is much room for improvement in China' s regulations regarding the introduction of the " Independent Director System" by Chinese public companied. We should waste no time to learn the lessons and gain the experiences from others in order to check the defects in the bud and to provide a scientific legal foundation for the establishment of an appropriate enterprise management structure in China.
【CateGory Index】: D931.3
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