Core Points - The document outlines the independent director working system for Guangzhou HuanTou Yongxing Group Co., Ltd, aiming to enhance corporate governance and protect the interests of minority shareholders [2][20] - Independent directors are defined as those who do not hold any other positions within the company and have no direct or indirect interests that could affect their independent judgment [2][4] - The system emphasizes the importance of independent directors in decision-making, supervision, and providing professional advice to safeguard the overall interests of the company and its shareholders [3][10] Summary by Sections General Principles - The independent director system is established to improve the company's governance structure and ensure the accountability of internal directors and management [2] - Independent directors must fulfill their duties independently and are required to act in the best interests of the company and all shareholders [3][4] Appointment, Resignation, and Replacement of Independent Directors - Independent directors can serve on a maximum of three domestic listed companies and must ensure they have sufficient time to fulfill their responsibilities [5] - At least one-third of the board members must be independent directors, including at least one accounting professional [6][7] - Independent directors must meet specific qualifications and independence criteria, including having no significant relationships that could impair their judgment [9][10] Responsibilities of Independent Directors - Independent directors are responsible for participating in board decisions, supervising potential conflicts of interest, and providing professional advice to enhance decision-making [10][11] - They have the authority to independently hire external consultants for audits or advice and can propose the convening of shareholder meetings [18][19] Performance Assurance for Independent Directors - The company must provide independent directors with equal access to information and necessary resources to perform their duties effectively [33][35] - Independent directors are entitled to reasonable compensation, and the company may establish a liability insurance system to mitigate risks associated with their roles [39][40]
永兴股份: 永兴股份独立董事工作制度