华东经济管理
華東經濟管理
화동경제관리
East China Economic Management
2009年
8期
114~118
,共null页
独立董事 激励机制 监督职能 董事会
獨立董事 激勵機製 鑑督職能 董事會
독립동사 격려궤제 감독직능 동사회
independent director; incentive mechanism; supervision role; board of directors
从职能期望而言，独立董事应兼具监督职能、战略职能与政治职能三大职能。与公司高管层激励机制比较，我国独立董事激励机制有其特殊性，独立董事的激励陷入了薪酬激励与声誉激励的争论。从我国上市公司独立董事激励机制的实践来看，我国独立董事激励机制表现出激励内容单一，独立董事的津贴水平与责任、风险不匹配等缺点。激励机制设计中必须要有足够的“动力”，期望功能才能有效实现。
從職能期望而言，獨立董事應兼具鑑督職能、戰略職能與政治職能三大職能。與公司高管層激勵機製比較，我國獨立董事激勵機製有其特殊性，獨立董事的激勵陷入瞭薪酬激勵與聲譽激勵的爭論。從我國上市公司獨立董事激勵機製的實踐來看，我國獨立董事激勵機製錶現齣激勵內容單一，獨立董事的津貼水平與責任、風險不匹配等缺點。激勵機製設計中必鬚要有足夠的“動力”，期望功能纔能有效實現。
종직능기망이언，독립동사응겸구감독직능、전략직능여정치직능삼대직능。여공사고관층격려궤제비교，아국독립동사격려궤제유기특수성，독립동사적격려함입료신수격려여성예격려적쟁론。종아국상시공사독립동사격려궤제적실천래간，아국독립동사격려궤제표현출격려내용단일，독립동사적진첩수평여책임、풍험불필배등결점。격려궤제설계중필수요유족구적“동력”，기망공능재능유효실현。
Independent director should have three expectation roles： supervision role, strategy role and political role. Compared with the incentive mechanism of executive officer in China, there exists particularity in independent director system of China. Incentive mechanism of independent director has felled into the dispute of compensation incentive and reputation incentive. It has been found that there are some problems existing in incentive mechanism of independent director, such as, single forms of contents, independent director＇s income not matched with their responsibility and risk. To ensure that the independent director＇s expected role can be realize, strong motivation should be designed in incentive mechanism of independent director.
