La CSRC lance une action spéciale sur la gouvernance des sociétés cotées, en exhortant les entreprises frauduleuses à récupérer la rémunération de performance excessive versée aux cadres dirigeants

Mars Finance News, April 10 — The China Securities Regulatory Commission (CSRC) has launched a special campaign on corporate governance for listed companies starting April.
The campaign focuses on eight areas.
First, improve the performance capabilities of company secretaries of the board of directors.
Develop and issue the “Regulations on Supervision of Listed Company Board Secretaries.”
Urge companies with long-term vacancies of secretaries to hire promptly, and replace those who do not meet the requirements according to law.
Second, support third-party nominations of independent directors.
Support the Investor Service Center to publicly nominate through open solicitation and joint exercising of rights, encouraging participation from public fund managers.
Third, support special audits by the audit committee.
Focus on issues such as annual reports, internal control audits of non-standard items, and financial doubts.
Support the audit committee in reporting to regulators.
Fourth, urge companies involved in fraud to recover excessive executive performance bonuses paid out.
Urge listed companies to improve internal compensation management systems.
For companies involved in financial fraud where pay is linked to performance, urge recovery of excess executive pay corresponding to false performance.
Fifth, urge major shareholders to return misappropriated funds.
While strictly punishing violations, support the board of directors, audit committee, and other major shareholders in civil claims to actively protect company interests.
Sixth, support the Investor Service Center in exercising shareholder rights.
Enhance the targeting and effectiveness of rights exercises, forming an organic supplement to administrative supervision.
Seventh, guide eligible listed companies to strengthen the integration of business and financial systems.
Encourage enterprises to optimize management processes through digital means, improve the consistency of business data and accounting data, and enhance internal control effectiveness.
Eighth, organize training on the “Code of Corporate Governance for Listed Companies.”
(China Securities Regulatory Commission website)