Core Viewpoint - The China Securities Regulatory Commission (CSRC) is revising the "Corporate Governance Guidelines" to enhance the governance level of listed companies and regulate the behavior of directors, senior management, controlling shareholders, and actual controllers [1][2]. Summary by Sections Revision Objectives - The current "Governance Guidelines" operate within the framework of the Company Law, aiming to establish a modern enterprise system and improve the governance structure of listed companies [2]. - The revision focuses on several key areas to enhance governance and operational standards [2]. Key Areas of Revision - Regulation of Directors and Senior Management: The revision aims to comprehensively regulate the appointment, performance, and departure of directors and senior management, ensuring they fulfill their duties faithfully and diligently [2]. - Incentive and Restraint Mechanisms: Companies are required to establish a compensation management system that aligns the remuneration of directors and senior management with the company's operational performance and individual achievements, promoting better alignment of interests [2]. - Regulation of Controlling Shareholders and Actual Controllers: The revision imposes strict limitations on potential adverse impacts from competing businesses and enhances the responsibilities and decision-making requirements for related party transactions [2]. - Coordination with Other Regulations: The guidelines will be aligned with other regulations such as the Securities Law and the Management Measures for Independent Directors of Listed Companies, improving the coherence of rules regarding shareholder rights and the responsibilities of board committees [2]. Public Feedback - The CSRC welcomes feedback from all sectors of society and will consider these opinions for further revisions before final implementation [3].
证监会,最新发布!事关上市公司治理
券商中国·2025-07-25 14:46