42家A股银行全部撤销监事会

Core Viewpoint - The supervisory board system, a standard for corporate governance in Chinese commercial banks for nearly three decades, is quietly coming to an end across the industry as banks transition to a new governance structure under the revised Company Law effective in 2024 [1][4]. Group 1: Background and Historical Context - The establishment and subsequent exit of the supervisory board system reflect the entire process of market-oriented reform and modern corporate governance in China's banking sector, rooted in the historical context of state-owned financial institution supervision [2]. - The supervisory board was first mandated by the 1995 Commercial Banking Law to enhance the oversight of state assets, evolving over nearly thirty years into a distinctive "dual-layer" governance structure alongside the board of directors and senior management [2]. Group 2: Legislative Changes and Implementation - The new Company Law effective in July 2024 allows banks to establish an audit committee under the board of directors instead of maintaining a supervisory board, providing legal space for diverse governance models [4]. - Following the implementation of this law, major state-owned banks, including ICBC, ABC, and others, completed amendments to their articles of association by September 2025, officially abolishing the supervisory board [5]. Group 3: Trends and Observations - By January 1, 2026, all 42 A-share listed banks had publicly announced the abolition of their supervisory boards, with many smaller banks also advancing similar plans [5][6]. - The exit of the supervisory board is seen as a trend driven by both regulatory changes and the inherent challenges faced by the supervisory board in its long-term practice [8]. Group 4: Challenges and Future Directions - The transition to an audit committee assumes greater responsibility for oversight, with experts noting both opportunities and challenges in this new structure [12]. - The audit committee is expected to enhance its supervisory role, but its effectiveness will depend on clear regulations regarding member selection and independence [13]. - The banking industry is exploring various strategies to optimize the audit committee's functioning, including clarifying responsibilities and ensuring a diverse and professional member composition [14].