Title :
Study on the incentive system of independent directors
Author :
Song, Lin ; Zhang, Dan ; Li, Yuan
Author_Institution :
Sch. of Econ. & Finance, Xi´´an Jiaotong Univ., Xi´´an, China
Abstract :
In China, due to the lack of the reputation incentive system, the salary system for independent directors plays an important role in improving the corporate governance. In this paper, the salary system for independent directors is thought of as an issue of the formation of equilibrium price in the process of market transaction. Then, this paper indicates that since the formation of our independent director mechanism is passive, only if restructuring the incentive system, can our corporate governance structure be improved.
Keywords :
incentive schemes; marketing; organisational aspects; personnel; pricing; salaries; China; corporate governance improvement; corporate governance structure improvement; equilibrium price formation; independent directors; market transaction process; reputation incentive system; salary system; Integrated optics; Incentive system; Independent director;
Conference_Titel :
Information Management, Innovation Management and Industrial Engineering (ICIII), 2012 International Conference on
Conference_Location :
Sanya
Print_ISBN :
978-1-4673-1932-4
DOI :
10.1109/ICIII.2012.6340033
