1. The Board of Directors is the subject of corporate governance and whether the Board can play its rightful role is the key to the independence and impartiality of the board itself.
2. The supervisory board is a statutory supervisory body which is elected by the general meeting of shareholders or the general meeting of the staff to supervise the operation of the company and the financial situation, and is an important part of the balance mechanism of corporate rights.
3. Both can improve the corporate governance structure, prevent the board of arbitrariness, to prevent operators to control the company, to curb the probability of the occurrence of internal control.
Board independence refers to the board as an independent actor, in the decision-making process embodied in the fairness, not biased to the interests of any one of the value orientation, it is independent of the shareholder and independent of the manager, to achieve the value of all shareholders, and protect the interests of all shareholders.
R is the degree to which the regression line fits the observed values.
The closer the value of the r^2 is to 1, the better the fitting of the regression line to the observed value, and the more the r^2 value is closer to 0, the worse the fitting degree of the regression line to the observed value.
The adjusted goodness of fit is less than that of non-adjustment, and the interaction between the independent variables is considered.
A situation in which the goodness of fit is essentially equal may come from the following basic conditions:
1. It's not the two, it could be coincidence.
2. There may be correlations between an independent variable or a dependent variable
The independence of the Board of Directors, the system of supervisory board to solve insider control will have any impact