上市公司独立董事独立性的界定与公司治理结构的关系——美国、香港地区与中国大陆的对比分析

独立董事是加强董事会的独立性、改善公司治理结构的有效手段之一。越来越多的国家的证监部门要求其上市公司引入独立董事并强调独立董事在董事会中占据一定比例。独立性是独立董事发挥作用的前提和基础。本文以美国和香港为例论述了上市公司独立董事独立性的界定与公司治理结构之间的密切关系,并在分析中国上市公司治理格局和特殊国情的基础上,提出现阶段中国应从独立于大股东、独立于可交易股份中的相对大股东、独立于经营者和独立于不正当的行政干扰四个角度来界定独立董理的独立性。

The Relation between the Independence of Independent Directors of Listed Company and Corporate Governance: A Comparadve Study Among U.S.A, China and Hong Kong

Independent director is helpful to enhance the independenceof board of directors of listed company and improve corporate governance.More and more countries introduce the independent director system. Thepaper analyzes the close relation between the independence of independentdirectors and corporate governance structure, and gives two examples,namely, U.S.A. and Hong Kong. Based on the preceding analysis, theauthor provides the conclusion: in China, the independent directors shouldbe independent from large stockholders, senior manager and government.