Haid Group standardizes CEO powers, duties in new rules

Guangdong Haid Group (SZSE:002311) has released detailed "CEO Work Rules" to standardize operational management and ensure its executive team acts diligently and effectively. The rules, effective immediately, clarify the CEO's authority in areas including production, strategic planning, organizational structure, and financial oversight, holding the CEO accountable to the board of directors. The new rules also stipulate financial limits on the CEO’s power to authorize deals, for example, the CEO can decide to enter any deal where the assets involved do not exceed 10% of the company's latest total assets. Additionally, the guidelines set the standards for CEO evaluations and accountability measures for actions leading to damages or losses. The new standards were approved by the board of directors and go into effect as of June 16, 2025.