On Independent Directors Incentive Mechanism: Status and Prospect

The developing direction of independent directors incentive mechanism is the stock-based compensation.The function of stock incentive needs the effective market enviornment and the professional and marketlization of the independent directors.So we should try best to cultivate the adequate competitive market of independent directors,set up the systems of independent directors' join-in and quit,and form the undependent directors commiffee to manage the vocational behavior of independent directors.