General Office of the State Council, Opinions on the Reform of the Independent Director System of Listed Companies

国务院办公厅关于上市公司独立董事制度改革的意见

May 05, 2023 | BY

Susan Mok

State Council issues opinions strengthening the independence of listed companies' independent directors

Issued: April 7, 2023

 

Main contents: Independent directors shall pay particular attention to potential material conflicts of interest between the company and its controlling shareholder, de facto controller, directors and senior executives, focusing on key areas such as affiliated transactions, financial and accounting reports, appointment and removal of directors and senior executives, and remuneration in their supervision (Section Two(1)).

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