-owned enterprises (SOEs), this paper systematically reviews the literature on the independence and governance effect of SOE boards. We … shareholder–minority shareholder agency problem (Type II agency problem). In terms of the governance effect of boards, directors … the importance of mixed-ownership reforms in SOEs. Independent directors, especially those with a professional background …

and designation procedure of the independent directors, rationalization of the incentive system and completion of … unclear of the independence nature, irrationality of designation method, incomplete incentive system and short of relative …

perspective of overinvestment, and re‐test the role of board independence in the context of concentrated ownership. Design … independent directors experience lower level of overinvestment. However, firms with more frequent meetings experience a higher … of concentrated ownership, the key to improve corporate governance is to strengthen board independence. Originality …