Summary
[CSRC: Promote the formulation of the “Regulations on the Supervision and Administration of Listed Companies” and other laws and regulations to improve the independent director system arrangement]Yi Huiman, chairman of the China Securities Regulatory Commission, said at the third member congress of the China Association of Listed Companies on April 9 that in recent years, financial Fraud, major shareholders infringing on the interests of listed companies, and “double-headed” board governance impasse are common occurrences. In the final analysis, there is a problem with corporate governance. To improve the company’s governance level, on the one hand, it is necessary to rely on the “hard means” of the rule of law, promote the formulation of laws and regulations such as the “Regulations on the Supervision and Administration of Listed Companies”, improve the system of independent directors, further clarify the rights and responsibilities of relevant parties, and promote the formation of standardized and effective governance. mechanism. On the other hand, it is necessary to rely on “soft constraints”, advocate best practices, strengthen self-discipline management, and play a leading role in the demonstration and leadership of outstanding companies, so as to promote greater improvement in corporate governance.
Yi Huiman, chairman of the China Securities Regulatory Commission, said at the third member congress of the China Association of Listed Companies on April 9 that in recent years, financial fraud, largeshareholderInfringing on the interests of listed companies and “double-headed” board governance impasses are not uncommon. In the final analysis, there is a problem with corporate governance. To improve the company’s governance level, on the one hand, it is necessary to rely on the “hard means” of the rule of law, promote the formulation of laws and regulations such as the “Regulations on the Supervision and Administration of Listed Companies”, improve the system of independent directors, further clarify the rights and responsibilities of relevant parties, and promote the formation of standardized and effective governance. mechanism. On the other hand, it is necessary to rely on “soft constraints”, advocate best practices, strengthen self-discipline management, and play a leading role in the demonstration and leadership of outstanding companies, so as to promote greater improvement in corporate governance.
(Article source: Financial Associated Press)