Shanghai Stock Exchange: Listed Companies Are Not Allowed To Fry The Secretaries At Will.

In order to improve Listed company Level of governance, standardize the selection, performance, training and assessment of board secretaries of listed companies, Shanghai Negotiable securities The exchange recently issued a newly revised management method for the board secretaries of the listed companies of the Shanghai stock exchange, and revised the management of the board secretaries of the listed companies issued in August 9, 1996.

The newly revised management method is divided into seven chapters, thirty-eight in total, with the current logic of "general principles, selection, performance, training, assessment, punishment and supplementary provisions" in series. Standard 。

On the basis of keeping consistent with the existing stock listing rules and the relevant regulations of the SFC, the management method summarizes and summarizes the specific requirements of the board secretaries in terms of qualifications, qualification filing, job responsibilities, training and assessment work, and is conducive to the compliance of the listed companies and the Secretary of the board of directors in their actual work.

Judging from the specific contents, the revised management method reiterates that the Secretary of the board of directors is a loyal and diligent obligation of the senior managers of listed companies and the listed companies and the board of directors.

For this reason, the management method summarizes the tasks of the Secretary of the board of directors in practice, and further clarified that the Secretary of the board of directors should perform the duties of assisting the board of directors of listed companies to strengthen corporate governance and capital market planning and operation in addition to undertaking the responsibilities of information disclosure management, investor relations management and equity management of listed companies.

In view of the disunity of the Secretary of the board of directors in some listed companies, in order to protect the Secretary of the board of directors effectively performing their duties, the management measures further strengthened the specific measures to ensure the performance of the Secretary of the board.

First, a listed company is required to revise the Secretary's work system within one month after the issuance of the management measures, and establish the Work Department of the Secretary of the board of directors, so as to further clarify its senior management status and fulfill its responsibilities.

Secondly, the management approach is aimed at ensuring the Secretary's right to know the company's major issues. On the basis of the "three meeting" of the Secretary of the board, he further proposed that the Secretary of the board of directors shall have the right to attend the general manager's office of the listed company.

Thirdly, the management method clarifies the terms of appointment, dismissal conditions and related procedures of the Secretary of the board of directors, so as to avoid any disqualification of the Secretary of the board of directors of the listed company.

The management measures have also formulated specific provisions for the qualifications, training, examination and handling of violations of the Secretary of the board.

In terms of terms of service, the management method requires that the Secretary of the board of directors should obtain qualification certificates, have corresponding work experience, and have no record of bad performance.

In terms of training and examination, the management method requires that the Secretary of the board of directors should take part in qualification training and follow-up training, and accept the annual examination and departure assessment conducted by the exchange.

In regard to the handling of violations, the management measures have clearly defined the disciplinary measures for the Secretary of the board.

The Secretary System of the board of directors is a new system in the development of China's capital market, and it should be perfected with the development of capital market. Whether the Secretary of the board can perform his duties efficiently is of great significance for improving the governance of listed companies and promoting the development and growth of Listed Companies in the capital market.

It is reported that with the opportunity of this revision, the Shanghai Stock Exchange will further strengthen the audit of the qualifications of directors of the board of directors of listed companies, conduct supervision, training, assessment and punishment, and urge the Secretary of the board to faithfully and diligently complete his job, improve the level of corporate governance and standardized operation of the company, and protect the interests of investors.