AnalysisofindependentdirectorsforthegameAbstract:Theintroductionofindependentdirectorsystemdesignedtostrengthenthesupervisionoflistedcompaniestoimprovethemechanism,butalsoinvolvestheintroductionofindependentdirectorstotheshareholders,managersandself-interestsofthethreeindependentdirectors,sohowtocoordinatetherelationshipbetweenthethreeisthekeyThearticleusedthebasicprinciplesofgametheory,throughtheestablishmentofindependentdirectorsandlargeshareholdersandindependentdirectorsandmanagementbetweenthegamemodel,revealstheindependentdirectorsisdifficulttoplayitsdueroleinthecausesandproposeappropriatesolutions.Keywords:independentdirectors,thegameI.IntroductionIndependentDirectormeansafullyindependentwill,onbehalfofallshareholdersandthecompany’soverallinterestsofthemembersoftheBoard.Thevast1majorityoflistedcompaniesinChinainaccordancewithrequirementsoftheCommission,introducedthecompany’sboardmorethantwoindependentdirectors.Afterseveralyearsofrunningthepractice,iswidelybelieved,althoughtosomeextentindependentdirectorstoimprovethegovernancestructureoflistedcompanies,buttheindependentdirectorsdidnotfullyplaytheroleoftheindependentdirectorsoftheabsenceofboardmeetings,laissez-faireattitudeofthecompany’smajortransactions,makingmajorbusinessdecisions,‘free-rider‘andsowidespread,theevidenceshowsthatourindependentdirectorsandcompanyperformanceisonlyaveryweakpositivecorrelation.Theroleofindependentdirectorscannotbefully,ofcourse,allaspectsofitssubjectiveorobjectivereasons,buttheindependentdirectorsandbeoverseenby-majorshareholdersandmanagersatadisadvantageinthegameistherootcauseoftheproblemthispaper,theuseofgametheorybasicprinciples,analyzesthereasonsforfailureoftheindependentdirectorsystem,proposedbyimprovingthesystemofindependentdirectorstoimprovethegameofbothinformationandpayment,andthuschangeboth2actionandstrategygame,givefullplaytotheroleofindependentdirectors.Second,theanalysisGametheoryisthestudyofmultiplestrategicoptionsfordecision-makingbodyofthetheory,whichisthecoreconceptofNashequilibriumbyNashequilibriumanalysisrevealsafullyfunctioningsystem,aprerequisitethattheinstitutionalarrangementsinvolvedinthestrategyisacombinationofactors,thebeststrategy,itisaNashequilibrium.Fromtheperspectiveofgametheory,theintroductionofindependentdirectorsystemispreciselytheassetowners(shareholdersandassetmanagers(seniormanagementgameresultsoftheoriginalboardofdirectorsofthefailure,damagetotheoriginalequilibrium,theneedtointroduceindependentdirectorsystem,andestablishanewequilibriumrelationship,toovercomethefailureoftheboardofdirectorstoaddressthecompany’s‘internalcontrol’issue.Third,themodelanalysisInthispaper,thebasic3principlesofgametheory,theestablishmentofindependentdirectorsandshareholdersandindependentdirectorsandmanagementgamebetweenthetwomodels,theindependentdirectorsofthegamebehavioranalysis.(A)theindependentdirectorsandmajorshareholdersoftheGameLargeshareholdersandindependentdirectorsofthegameisdividedintotwophases:thefirstoccurredintheappointmentofindependentdirectorsinlistedcompanies,thesecondphaseoccurredaftertheindependentdirectorstobeemployedbecausetheindependentdirectorsoflistedcompaniestohire,sothisthefirstphaseofthegamedonotdoanalysis,focusingonanalysisofthesecondstageofthegame.Atthisstage,largeshareholdersandindependentdirectorsoftheactionstrategyiscommonknowledge,sothega...
