证监会修订发布《上市公司治理准则》

Core Points - The China Securities Regulatory Commission (CSRC) announced the revision of the Corporate Governance Guidelines, effective from January 1, 2026 [1] Group 1: Key Revisions - The revision aims to enhance the supervision system for directors and senior management, ensuring they fulfill their duties faithfully and diligently [1] - It establishes an incentive and restraint mechanism for directors and senior management, requiring companies to align their compensation with business and individual performance [1] - The guidelines impose stricter regulations on controlling shareholders and actual controllers, limiting actions that could adversely affect the company, such as significant competition and related party transactions [1] - The revision ensures better coordination with existing regulations, including the Securities Law and the Independent Director Management Measures [1] Group 2: Implementation and Feedback - The CSRC previously solicited public opinions on the guidelines, receiving overall positive feedback on the direction and content of the revisions [1] - The CSRC has carefully considered and incorporated feedback into the final rules [1] - Future efforts will focus on implementing the guidelines and promoting the continuous improvement of corporate governance among listed companies [1]