DocumentCode
1964605
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
Volume
3
fYear
2012
fDate
20-21 Oct. 2012
Firstpage
523
Lastpage
526
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Information Management, Innovation Management and Industrial Engineering (ICIII), 2012 International Conference on
Conference_Location
Sanya
Print_ISBN
978-1-4673-1932-4
Type
conf
DOI
10.1109/ICIII.2012.6340033
Filename
6340033
Link To Document