Zhong Guo Jing Ying Bao·2025-12-26 14:10Group 1 - Major insurance companies in China, including China Life and China Pacific Insurance, have announced the abolition of their supervisory boards, marking a significant shift in corporate governance structures [1][2] - China Life's extraordinary general meeting on September 25, 2025, approved the proposal to abolish the supervisory board and amend the company's articles of association, which has been approved by the National Financial Regulatory Administration [1] - Similarly, China Pacific Insurance's extraordinary general meeting also approved the abolition of the supervisory board, with the audit and related party transaction control committee of the board of directors taking over the supervisory functions [1][2] Group 2 - Other insurance companies, such as China Insurance, Taikang Insurance Group, and China Reinsurance, have also previously abolished their supervisory boards, indicating a trend towards optimizing governance structures by replacing the supervisory board with audit-related committees [2]