--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

New Market Guides Drafted
It is well known that smaller shareholders and independent directors and supervisory bodies have very limited voices in supervising listed State-owned enterprises (SOEs) in China since the State usually controls the largest stake in such firms.

But thanks to a set of principles drafted by the China Securities Regulatory Commission (CSRC) covering corporate governance, things could be improved in the near future, according to Tong Daochi, a CSRC official, who is attending the 2001 Chinese Corporate Governance Conference which runs till tomorrow.

The principles, if approved, will clarify the rights and duties of shareholders, directors and management, maintain the independence of the board, establish and guide the carrying out of effective disclosure standards, and guarantee equal treatment of all shareholders.

Dao did not, however, disclose the timetable for the institution of the principles.

One important item is that the number of independent board members in a listed company will be increased.

According to the draft of the Shanghai Stock Exchange (SSE) Guidelines for Corporate Governance of Listed Companies, there will be at least two independent board members in each listed company, who will make up at least 20 percent of the total number of board members in the company.

The guidelines drafted by SSE are the major source for the principals that the CSRC is drafting, Hu Ruyin, director of the research centre of the SSE, said.

"If such a practice is really implemented, it is expected that the supervision of listed companies in China will be more effective,'' said Yao Qingtao, a securities analyst.

Yao said so far, many listed companies have only one independent director, and "some of them have strong connections with the listed companies they are part of, which reduces their independence from those companies.''

"The supply of properly trained independent directors is, however, still limited,'' said CSRC's Dao.

This year more trained professionals, especially those from organizations that deal with the market, such as accounting or law firms, will be encouraged and trained to act as independent directors, Dao added.

Also, the CSRC is negotiating with the China Insurance Regulatory Commission to introduce director liability insurance to protect directors, who will have more say in supervising listed companies.

"The principles, however, are basically self-regulating ones,'' Dao said, admitting there are difficulties in trying to set up a perfect governance system if the overall management system of SOEs is not reformed.

(China Daily 04/11/2001)

Listing transparency to improve
Goals of SOE Reform Achieved
SOE Seeks Public Listing for Restructuring
SOEs Urged to Speed Up Reform
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 伊人色综合九久久天天蜜桃| 国产对白在线观看| 免费成人av电影| 91福利小视频| 巨胸喷奶水视频www免费视频| 亚洲妇熟xxxx妇色黄| 直接观看黄网站免费视频| 国产成人精品怡红院| 7777精品伊人久久久大香线蕉| 女人扒开下面让男人桶爽视频| 久久综合给合久久狠狠狠97色| 男女边摸边吃奶边做免费观看| 国产h肉在线视频免费观看| 91精品欧美产品免费观看| 女人张开腿让男人桶免费网站| 中文字幕在线有码高清视频| 日韩中文字幕一在线| 亚洲自偷自偷在线制服| 精品精品国产高清a级毛片| 国产精品久久久久999| 99热精品在线免费观看| 日本一卡精品视频免费| 久久精品国产99国产| 杨钰莹欲乱小说| 亚洲人成精品久久久久| 欧美日韩精品一区二区三区不卡 | 欧美影院一区二区| 啊灬啊别停灬用力啊岳| 草莓视频秋葵视频在线观看ios| 国产色欲AV一区二区三区| 中文字幕专区高清在线观看| 日本强伦姧人妻一区二区| 久久精品免费电影| 最刺激黄a大片免费观看下截| 亚洲av无码一区二区三区国产 | 最近免费中文字幕大全免费版视频| 亚洲午夜精品久久久久久浪潮| 精品久久久久久无码中文字幕 | 性欧美hd调教| 久久青草精品一区二区三区| 欧美jizzhd极品欧美欧美xxxx18动漫 |