A liquid crystal display device is provided which includes a rear base member having a substrate on which reflecting electrodes each comprising a laminate of an underlying conductive layer composed of a conductive metal oxide such as ITO or the like, a reflective conductive layer composed of silver or a silver alloy, and a transparent conductive layer composed of a transparent conductor such as ITO or the like are formed. The transparent conductive layer is thinner than the underlying conductive layer. The thickness of the transparent conductive layer is preferably in the range of 5 nm to 30 nm.