FilingReader Intelligence

Guoyuan Securities enhances governance with independent director system

May 12, 2025 at 07:09 AM UTCBy FilingReader AI

Guoyuan Securities Co., Ltd. (SZSE:000728) has announced the adoption of a revised independent director system, effective following shareholder approval at the annual meeting held on May 6, 2025. This move aims to refine the company’s governance structure, ensuring greater protection for all shareholders, especially minority shareholders, and safeguarding the company's overall interests. The system stipulates the qualifications, responsibilities, and appointment/removal processes for independent directors, aligning with the "Company Law of the People's Republic of China" and other regulatory guidelines. The board will consist of five independent directors, meeting at least one-third of total board members, with one member having 5+ years in accounting. The audit committee will be composed entirely of outside directors, with a majority being independent. Compensation and nomination committees also require a majority of independent directors.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:000728Shenzhen Stock Exchange

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