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2006•Journal of Gansu Lianhe UniversityRequires access

The Pay System Construction of Independent Director in Public Companies

Hongbo Zhao

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Abstract

The independent director system is an effective measure to perfect the corporate management structure.However,in the implementation process,it is not easy to carry out this system due to the pay system.This paper makes a comparative analysis to the present pay system of independent director in public companies by exploring the relationship between the independence of system and the pay system and finds out some ways to establish the system for the Chinese characteristics.

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What this paper is about

The independent director system is an effective measure to perfect the corporate management structure.However,in the implementation process,it is not easy to carry out this system due to the pay system.This paper makes a comparative analysis to the present pay system of independent director in public companies by exploring the relationship between the independence of system and the pay system and finds out some ways to establish the system for the Chinese characteristics.

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Available abstract

The independent director system is an effective measure to perfect the corporate management structure.However,in the implementation process,it is not easy to carry out this system due to the pay system.This paper makes a comparative analysis to the present pay system of independent director in public companies by exploring the relationship between the independence of system and the pay system and finds out some ways to establish the system for the Chinese characteristics.

Key concepts: Independence (probability theory), Business, Process (computing), Carry (investment), Listed company, Measure (data warehouse), Operations management, Accounting

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