论文标题:我国上市公司独立董事制度建设现状的研究
Study on the Current Status of the Chinese Independent Director System
论文作者 朱景原
论文导师 郝振平,论文学位 硕士,论文专业 工商管理
论文单位 清华大学,点击次数 132,论文页数 68页File Size501k
2004-05-01论文网 http://www.lw23.com/lunwen_148524482/ 独立董事;比例;年龄;薪酬;监事
independent director; proportion; age; compensation; supervisor
为了有效制衡控股股东和监督经营者,从而确保董事会考虑所有利益相关者的利益,减少内部人控制和大股东操纵,我国引入了在英美比较流行并颇有成效的独立董事制度。2001年8月16日,证监会发布了《关于在上市公司建立独立董事制度的指导意见》,随后,独立董事制度在我国迅速发展。本文在介绍了独立董事制度的兴起、我国对该制度的引入以及其在国外的实践后,着重研究了其在我国的发展现状。研究独立董事制度在我国的发展现状时,本文在理论分析的基础上,对沪市上市公司2003年的独立董事相关数据进行了排序、均值等描述性统计,薪酬的部分数据还与2002、2001年的情况进行了对比分析。结果显示2003年我国的独立董事队伍已初成规模,人数上比2002年有了很大增加,年龄也逐步年轻化,薪酬水平也比2002年有了一定程度的提高。进一步分析数据后,本文得出“我国独立董事制度尚在发展初期,主要在政策推动下实施,市场的力量还没有明显发挥”的观点。独立董事的引入并不必然保证董事会的有效运作,如果使独立董事发挥作用的前提和条件不具备的话,在上市公司聘用独立董事只会流于形式。基于以上研究结论,我们提出:建立和完善适合我国上市公司特点的独立董事制度并使之真正发挥作用是一项复杂的系统工程,需要从制度、社会、公司以及独立董事个人等多个方面来共同努力。
Independent director system has been introduced into our country to monitor major shareholders and insiders control. Being more independent, the board would act for the interests of all stakeholders. On August 16, 2001, CSRC (China Securities Regulatory Commission) issued “Guideline for Establishing the Independent Director System of Listed Companies”. Since then, it has developed fast in our country. This thesis will investigate the current status of the independent director system in our country.In the study, we compute descriptive statistics about the system based on the data of year 2003 of the companies listed on Shanghai Stock Exchange, and carry out contrastive analysis of compensation of 2003, 2002 and 2001. The results show that the number of independent directors has largely increased, the independent directors have become younger, and their compensation has increased. After farther analysis, we also find that the independent director system is still at its developing stage in our country, and its implementation was driven mainly by policies, not the market.Presence of independent directors itself cannot ensure that the board would work effectively. Without proper prerequisite and condition, the independent director system is just a useless form. In conclusion, I argue that establishing and developing the independent director system adapted to our listed companies is a hard work, and the authorities, the society, the companies, the independent directors themselves should strive together for its success.
|
