优化工作流程 降低运营成本多家基金公司撤销监事会

Core Viewpoint - The recent trend of fund companies in China, including Yimin Fund, Founder Fubon Fund, and China Merchants Securities Asset Management, to abolish their supervisory boards reflects a broader industry shift towards internal optimization and cost reduction, following the lead of Yingda Fund, which was the first to do so [1][2][6]. Group 1: Company Actions - Yingda Fund was the first public fund company to abolish its supervisory board in July 2023, stating that this decision was a normal operational matter [2]. - On November 22, 2023, Yimin Fund announced the abolition of its supervisory board, with the audit committee of the board taking over its responsibilities [1]. - China Merchants Securities Asset Management also announced on November 26, 2023, that it would no longer have a supervisory board, delegating its functions to the audit committee [1]. Group 2: Legal Framework - The new Company Law, effective from July 1, 2024, allows limited liability companies and joint-stock companies to establish an audit committee within the board to perform the functions of a supervisory board [2][5]. - The China Securities Regulatory Commission has set a transition period until January 1, 2026, for securities and fund companies to choose between maintaining a supervisory board or an audit committee [5]. Group 3: Reasons for Abolishing Supervisory Boards - The decision to abolish supervisory boards is primarily driven by the need to reduce costs and improve efficiency, as the functions of the audit committee overlap significantly with those of the supervisory board [3][4]. - The effectiveness of supervisory board members has been questioned, with many internal supervisors lacking the professional capacity to contribute meaningfully to corporate governance [3][4]. Group 4: Future Trends - There is an expectation that more fund companies will follow suit in abolishing their supervisory boards, particularly as major shareholders like banks and brokerages also move in this direction [6][7]. - The trend is likely to continue, especially among personal-owned fund companies, which aim to streamline operations and reduce costs [7].