沪深交易所大动作！就修订股票上市规则及规范运作指引公开征求意见

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released a draft for the "Regulatory Rules for the Secretaries of the Board of Directors of Listed Companies," prompting the Shanghai and Shenzhen Stock Exchanges to seek public opinion on revisions to stock listing rules and operational guidelines. Group 1: Regulatory Framework - The main focus of the rule revisions includes establishing a comprehensive regulatory system for the appointment, performance, and dismissal of board secretaries, enhancing their role in information disclosure, corporate governance, and internal and external communication [1][2] - The revisions aim to refine regulations concerning directors and senior executives, ensuring their duties are performed diligently and faithfully, and aligning their compensation with company performance [1][2] Group 2: Responsibilities and Management - The responsibilities of board secretaries are being reinforced, with an emphasis on their role in coordinating information disclosure and promoting compliance in corporate governance [2] - There is a requirement for board secretaries to be integrated into daily management processes, ensuring collaboration with directors, senior executives, and various departments [2] - The qualifications for board secretaries are being strictly defined, necessitating relevant work experience, and the procedures for appointing and dismissing directors and senior executives are being standardized to prevent unsuitable candidates from holding positions [2] Group 3: Accountability and Independence - Companies are required to establish mechanisms for monitoring the performance of directors and senior executives, including incentive structures that align their interests with those of the company [2] - Regulations are being put in place to ensure the independence of listed companies, with specific guidelines to prevent significant adverse impacts from related party competition [2]