Coordination and Perfection between Independent Director and Supervisor’s Council

Yonghui You

Abstract


Inside supervision exists in the name only and is severe lack in Chinese Listed Company. The authority of supervisors’ council is strengthened in the new Company Law and definitely regulate that the Listed Company should introduce independent director system. The two are different corporation inside supervision modes in unitary and binary Corporate Governance Structure. If introduce the two of them in one country’s corporate law, supervisors’ council will inevitably conflict with independent director in legal status and function design and etc. The two systems have different characters in exercising supervisory power, they are also complementary. This article tries to explain the realistic predicament of supervisors’ council system and independent director system and to coordinate their relationship, which will benefit further to perfect inside supervision system of our Chinese corporation.


Full Text: PDF DOI: 10.5539/jpl.v1n3p61

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Journal of Politics and Law ISSN 1913-9047 (Print) ISSN 1913-9055 (Online)

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