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On legal issues of independent directors |
| GUAN Xiaofeng |
| School of Civil and Commercial and Economic Law, China University of Political Science and Law, Beijing 100088, China |
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Abstract In order to avoid independent directors from being against minority shareholders, and urging them to play the role of checking up big shareholders and insiders with full power in listed companies, the rules for independent directors shall be amended gradually. Currently, the reform on the independent director regime shall be made in some aspects. First, the positions of independent directors shall be held by qualified professionals; Second, independent directors shall pass the exam for such posts; Third, independent directors shall take full-time jobs; Fourth, the firms of independent directors shall be established with limited partnership liability; Fifth, independent directors shall undertake joint liabilities.
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Issue Date: 05 December 2007
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