Bao, Rongjiang; Quan, Yi; Sun, Yuan; Zhang, Jingwen - In: China journal of accounting research : CJAR 18 (2025) 2, pp. 1-27
The mandatory rotation of independent directors upon the expiration of their term is a key institutional design in China, aimed at safeguarding their independence and enhancing the effectiveness of their supervision. However, whether reappointing these directors after a "cooling-off period"...