Putting independence back in boardrooms

As academics quit as independent directors, China Inc appears set to purge corruption

Over the past few months, at least 270 college professors and university officials have resigned their part-time but highly-paid corporate jobs as independent directors with listed companies, according to media estimates based on filings to bourses.

Their exits came after the Ministry of Education last November banned high-ranking academics from holding corporate jobs, following the Chinese government's decision to widen the anti-corruption campaign to the education sector.