Download or read book The Chinese Independent Director Mechanism Under Changing Macro Political-Economic Settings written by Chien-Chung Lin and published by . This book was released on 2018 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The structure of this article is as follows: Part II will provide a brief history of the Chinese Economic Reform Era and the basic structure of the Chinese Company Law, and then discuss the legal framework about independent directors in Chinese corporate law. Part III will focus on structural issues of Chinese corporate governance and recent changes, including the modernization of state-owned enterprises, the banking sector, and the stock market. It will highlight the difficulties as well as the possibilities that this mechanism faces in a broader context. Part IV will analyze several different surveys on the results of this new legal design. This section will provide a more comprehensive view on the implementation of the independent director mechanism after its first decade in China. Also, the critiques of this new mechanism will be examined and assessed. Part V begins with an analysis of the core governance issues China is dealing with today and to what extent the current independent director mechanism is helping to solve those issues. After discussing its current ineffectiveness, this section will propose two possible models in which independent directors can play a role as social, economic, and political conditions continue to evolve in China. The purpose of this analysis is to help answer the question of whether the independent director mechanism is a reasonable choice in light of the current conditions in China and to suggest possible strategies to maximize its efficacy. Part VI will briefly conclude this article.