证监会：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 Code for listed companies to enhance governance standards and promote a modern corporate system, effective from January 1, 2026 [1][2]. Summary by Relevant Sections Governance Structure - The revised code aims to improve the regulatory framework for directors and senior management, ensuring they fulfill their duties faithfully and diligently [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 performance and individual contributions, fostering better alignment of interests [1]. Control and Related Party Transactions - The code imposes stricter regulations on controlling shareholders and actual controllers, particularly regarding competition and related party transactions, to mitigate significant adverse impacts on listed companies [1]. Coordination with Other Regulations - The revised code will align with existing laws and regulations, such as the Securities Law and the Independent Director Management Measures, to enhance the coherence of governance rules [1].