Corporate Governance

Issued: January 22 2006Effective: March 31 2006Main contents: The Circular delegates the departments in charge of commerce at the provincial level and…

New PRC legislation encourages and supports a broad range of renewable energy and related products and activities, in pursuit of energy supply diversity and security, environmental protection and sustainable development. Promotion of domestic manufacturing may leave foreign equipment exporters out in the cold, while foreign investors and technology providers stand to benefit from incentives and an expanding market.

By Ji Hailong*The author may be contacted through Dr Sabine Kellerer, [email protected]: www.freshfields.comIn China, a company often…

Listed companies can apply for implementation of equity incentive measures and establish a comprehensive incentive and regulatory scheme. Listed companies may use its own shares as the subject matter of long-term incentives (including restricted shares and stock options) offered to its directors, supervisors, senior management personnel and other staff and workers. This Measures establish detailed regulations regarding incentive modes, incentive targets, source of shares, incentive amount, grant price and grant period etc.

Listed companies can apply for implementation of equity incentive measures and establish a comprehensive incentive and regulatory scheme.

This Guidelines stipulate the risk management requirements for commercial banks in expanding their businesses in the area of personal financial management advisory services, comprehensive financial management services and personal financial management business products.

With regard to tax agreements entered into by China with foreign states, the term 'permanent establishment' shall be deemed not to include the maintenance of a fixed place of business solely for the purpose of carrying on, for the enterprise, any activity of a preparatory or auxiliary character.

The Chinese corporate governance regime is increasingly under attack as a hindrance to important economic reforms. China's new Company Law improves corporate governance by introducing fiduciary duties and minority shareholder protection. However, does the new law provide enough protection to safeguard the interests of investors in Chinese companies? What other implications are involved and how will this impact the management of companies in China?

Promulgated: February 24 2006Effective: March 1 2006Applicability: These Procedures apply to limited liability companies, companies limited by shares,…