Core Viewpoint - The decision by five major state-owned commercial banks in China to abolish the supervisory board is aimed at enhancing corporate governance flexibility and effectiveness while reducing management costs [1][2]. Group 1: Corporate Governance Changes - The abolishment of the supervisory board does not weaken internal supervision but instead allows the audit committee of the board of directors to assume the responsibilities previously held by the supervisory board, thereby strengthening internal checks and balances [1][2]. - The new Company Law, effective from July 1, 2024, introduces new requirements regarding the supervisory board and employee directors, allowing financial institutions to optimize their supervisory structures based on their actual circumstances [1][2]. Group 2: Implications for Financial Institutions - Financial institutions must continue to improve corporate governance and enhance internal supervision efficiency to support high-quality financial development [3]. - Institutions that choose to have the audit committee perform the supervisory board's duties must follow relevant corporate governance procedures, including amending articles of association and personnel selection [3]. - There is a focus on strengthening the management of related party transactions and improving the effectiveness of board operations to prevent risks associated with interest transfers and ensure sound operations [3].
这几大银行为何撤销监事会
Jing Ji Ri Bao·2025-10-01 22:13