Author(s)

Sun Hui

Corresponding Author

Sun Hui

ABSTRACT

The independent director system is a policy introduced by China in the light of western corporate governance systems. In 2001, the independent director system in China was gradually standardized. In the past, independent directors only played the role of "vase", and nominally served as independent directors. They often did not play an independent role. In recent years, with the standardization of the system, the legal obligations faced by independent directors have become more complicated, and more and more incidents of independent directors being punished in practice. The study of the legal obligations of independent directors is conducive to the independent directors' standard performance and the improvement of the independent director system.

KEYWORDS

Independent director, Legal obligation, Performance risk