Yuxing Xi: The role of independent directors in the current Chinese A-share market is not fully utilized, and the selection method affects the independence of independent directors

Recently, Yu Xingxi, a member of the Academic Advisory Committee and Independent Board Committee of the China Association for the Betterment and Progress of Hong Kong, and a part-time professor at the School of Economics and Management of Beijing Jiaotong University, stated in the sixth issue of "China Association for the Betterment and Progress of Hong Kong Economic Observation" that although the original intention of the independent director system was positive, the role of independent directors is not ideal in practical operation. Currently, most independent directors are nominated by the company's controllers or management, which directly affects the independence of independent directors.