Tuesday, December 21, 2010
Shenzhen Stock Exchange a clear incentive plan implementation process.
<P> Shenzhen Stock Exchange has issued a "Memorandum of the split share structure reform, 18 ---- the implementation of equity incentive plans," "split share structure reform of the relevant Memorandum No. 19 ---- Shareholders Meeting" two memoranda of equity .incentive plan implementation process to be clear, and further standardize the tradable shareholders meeting on reform-related matters. .</ P> <P> 18 aide-memoire for and share reform and incentives related to the original non-tradable shares from shareholders equity incentive plans. .The memorandum defined the share equity incentive plan operational procedures, filing information, fees and related disclosure requirements, and also provides for sale of shares subject to lock and unlock the related issues. .Memorandum No. 19 shareholders meeting to vote on the current-related problems were the norm, and stressed that non-tradable shares of listed companies and their shareholders, securities companies, fund management companies and other relevant agencies shall not use improper means to manipulate the results of the relevant shareholders meeting to vote. .Memorandum clearly the non-tradable shares tradable shares held by such situations should be avoided voting on the board of directors and agents collect proxy voting rights, witnessed the additional legal counsel made submissions format specification. .</ P> <P> and Information for the acquisition of shares of listed companies exist in non-standard information disclosure, insider trading and other phenomena, the Shenzhen Stock Exchange has convened 13 recent change of control involving listed companies and their controlling shareholders and actual controllers of the .responsible person, who held control of listed companies required to change the training session. .</ P> <P> Shenzhen Stock Exchange official said, large shareholders and actual controllers in the tender offer process, we must strictly fulfill their due obligations and other related information disclosure; listed company directors, senior management should be honest and trustworthy, .diligence, maintenance company and the legitimate interests of all shareholders. .The official asked not to complete share reform companies share reform work, there is the problem of funds used during the year, listed companies must address debts. .(Nathalie) </ P>.
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