10月证监会发布新规，上市公司治理准则对普通人有哪些利好？

Core Viewpoint - The revised Corporate Governance Code, effective from January 1, 2026, aims to enhance investor protection and improve corporate governance standards in China, benefiting both current and future investors [1][10]. Summary by Sections Implementation and Enforcement - The effective implementation of the new regulations relies on the joint efforts of various stakeholders, including strict penalties for violations by regulatory bodies and detailed operational guidelines from industry associations [3]. Benefits for Ordinary Investors - Broader investment channels and opportunities will arise as the new code aligns with international standards, attracting more foreign capital into the A-share market, thus increasing the variety of investment options and market stability [5]. - Increased "voice" for minority shareholders through cumulative voting systems allows small investors to elect representatives to the board, ensuring their interests are better protected [5]. - Enhanced corporate governance is expected to lead to improved profitability and higher dividends, directly benefiting investors [5]. - The new code aims to reduce risks associated with fraudulent companies by ensuring stricter financial disclosures and preventing misuse of funds by major shareholders [5]. Key Measures Introduced - Intermediary institutions, such as accounting and law firms, are mandated to fulfill their roles as gatekeepers, actively monitoring corporate governance [6]. - Executive compensation is linked to company performance, incentivizing management to focus on sustainable growth [6]. - Companies are required to provide timely and accurate disclosures, with the chairman held accountable for any misleading information [6]. - Institutional investors are encouraged to participate in corporate governance, representing the interests of minority shareholders [6]. - Companies must disclose ESG (Environmental, Social, and Governance) information to enhance transparency and attract long-term investors [6]. - Related party transactions must be conducted at fair market prices, ensuring fairness and preventing conflicts of interest [7]. - Major shareholders are prohibited from misappropriating company funds, safeguarding investor interests [8]. - Independent directors are required to be free from conflicts of interest and must be compensated based on their performance [8]. - Minority shareholders can elect their representatives to the board through cumulative voting, enhancing their influence [9]. - State-owned enterprises must establish party organizations and incorporate party governance into their charters to ensure sound decision-making [9].