上海凤凰: 上海凤凰独立董事制度

Core Viewpoint - The document outlines the independent director system of Shanghai Phoenix Enterprise (Group) Co., Ltd., aiming to enhance corporate governance, protect the interests of all shareholders, especially minority shareholders, and ensure independent decision-making by directors [1][2]. Group 1: General Principles - The independent director is defined as a board member who does not hold any other position in the company and has no direct or indirect interests that could affect their independent judgment [2][3]. - The board must have at least one-third independent directors, including at least one accounting professional [2][3]. - Independent directors are obligated to act in good faith and diligence, participating in decision-making and providing professional advice to protect the overall interests of the company and minority shareholders [2][3]. Group 2: Qualifications and Appointment - Independent directors must meet specific qualifications, including legal, accounting, or economic knowledge, and at least five years of relevant experience [3][4]. - Individuals with significant shareholding or close relationships with major shareholders are prohibited from serving as independent directors [4][5]. - The nomination of independent directors can be proposed by shareholders holding more than 1% of the company's shares, and the candidates must be evaluated for their qualifications [5][6]. Group 3: Responsibilities and Duties - Independent directors are responsible for participating in board decisions, supervising potential conflicts of interest, and providing objective advice to enhance decision-making quality [17][18]. - They have special rights, including hiring external consultants, proposing meetings, and expressing independent opinions on matters that may harm the company or minority shareholders [18][19]. - Independent directors must attend board meetings and can delegate their voting rights if unable to attend [20][21]. Group 4: Performance and Reporting - Independent directors are required to submit annual reports detailing their attendance, participation in committees, and communication with minority shareholders [29][30]. - They must maintain detailed records of their activities and ensure transparency in their decision-making processes [30][31]. Group 5: Support and Compensation - The company is responsible for providing necessary resources and support for independent directors to perform their duties effectively [34][35]. - Independent directors are entitled to compensation that reflects their responsibilities, and the company may cover expenses incurred while performing their duties [38][39].