Regulating the Conduct of Controlling Shareholders and Actual Controllers: Shenzhen Stock Exchange Seeks Public Comments on Revisions to the "Stock Listing Rules" and Other Operational Rules
The Shenzhen Stock Exchange is soliciting public comments on revisions to the "Stock Listing Rules" and other operational regulations. The main changes include strengthening the role and responsibilities of the company secretary. The revisions specify the company secretary’s duties in organizing and coordinating corporate disclosure matters, promoting compliance with corporate governance standards, and facilitating effective internal and external communication. Companies are required to improve incentive and accountability mechanisms for directors and senior executives, clarify the duties of directors and senior executives regarding loyalty and diligence, and strengthen internal oversight and accountability for the company secretary’s performance of duties. The amendments also standardize the conduct of controlling shareholders and actual controllers, refine regulatory requirements for maintaining the independence of listed companies, and clarify relevant regulations regarding competitive business activities.
Source:富途快讯 · Source Link
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