推动健全现代企业制度 提升规范运作水平

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has revised the Corporate Governance Guidelines for listed companies, effective from January 1, 2026, to enhance governance standards and mitigate risks in the capital market [1][2] Summary by Relevant Sections Governance Structure - The revised guidelines aim to improve the regulatory framework for directors and senior management, covering aspects from appointment to performance and departure, ensuring they fulfill their duties diligently and faithfully [1] Incentive and Restraint Mechanisms - Companies are required to establish a compensation management system that aligns the remuneration of directors and senior executives with the company's operational performance and individual achievements, promoting better alignment of interests [1] Shareholder and Control Behavior - The guidelines impose stricter regulations on controlling shareholders and actual controllers, particularly regarding competition that could adversely affect the listed company, and enhance the responsibilities and decision-making requirements for related party transactions [1] Coordination with Other Regulations - The guidelines will be aligned with existing laws such as the Securities Law and the Management Measures for Independent Directors of Listed Companies, improving the coordination of rules related to shareholder rights and the responsibilities of board committees [1][2]