Corporate governance and directors' independence / Yuan Zhao
Published
[Austin, Tex.] ; Wolters Kluwers Law & Business ; Alphen aan den Rijn, The Netherlands : Kluwer Law International ; Frederick, MD : Sold and distributed in North, Central and South America by Aspen Publishers, [2011]
Introduction -- Historical review of independence of director -- The regulation on independent directors : codification or self-regulation -- The role of independent directors in corporate governance -- Competing mechanisms in corporate governance -- Factors in relation to the performance of independent directors : the obstacles and solutions -- Independent directors' exposure to legal liability
Summary
This book takes a new and rigorous approach to corporate governance. Investigating board independence from a distinctly original perspective, the author s systematic analysis explores the effective interaction of such aspects as the following: What specific functions are expected of independent directors? How these functions fit with the unitary board structure? Why independent directors are seen as inherently necessary for corporate governance? Whether board independence can be compatible with other governance mechanisms? How mainstream company law is applied to independent directors. The analysis leads to a series of solutions designed to eliminate the real and perceived obstacles to the proper functioning of independent directors
Bibliography
Includes bibliographical references (pages [201]-211) and index