防范串谋理论与我国的独立董事制度

串谋现象造成了经济组织效率的低下和社会福利的损失,独立董事和管理层之间的串谋行为则严重影响了独立董事制度的有效运行,损害了中小股东利益。本文在国内外防范串谋理论研究成果的基础上,分析了我国独立董事和管理层之间串谋行为的产生是由于在我国公司治理结构中存在着串谋孳生的基本条件以及独立董事制度运行缺乏有效的激励与约束机制等原因,并提出了“胡萝卜”政策和“大棒”政策有效结合、内部监督与外部监督有效结合以及现金激励和股权激励有效结合等防范措施。

Collusion-proof Theory and Independent Directors System of China

The transfer of managerial authority at a scenic spot draws much attention, the positive and the negative sticks to each of their own views.The negative worries about that it may cause such problems as a drain on state-owned property and unsustainable development of the spot.In Nash Equilibrium,in order to get a long profit, the enterprises will protect environment and resources so that they can bring about the comprehensive value of scenic spots and propel it forward .The government need to do those work, such as making laws, property assessment and supervision.