期货经纪公司治理准则（试行） circular issued by china securities regulatory commission on administrative rules of futures brokerage company (for trial implement)

期货经纪公司治理准则（试行）CIRCULARISSUEDBYCHINASECURITIESREGULATORYCOMMISSIONONADMINISTRATIVERULESOFFUTURESBROKERAGECOMPANYFORTRIALIMPLEMENTFORTHEPURPOSEOFMOVINGFORWARDTHEFUTURESBROKERAGECOMPANYTOFURTHERIMPROVEADMINISTRATIONFORCOMPANY，WHILEPROMOTINGITTOOPERATEINASAFE，STEADYANDHIGHLYEFFICIENTWAY，PRESERVINGLEGALRIGHTSANDINTERESTSOFSHAREHOLDERS，FUTURESINVESTORSANDOTHERPERSONSWITHRELATEDINTERESTS，THESAIDRULESWEREFORMULATEDANDPROMULGATEDBYTHECOMMISSION，SHALLBEFOLLOWEDANDAPPLIEDCHINASECURITIESREGULATORYCOMMISSIONMARCH10，2004ADMINISTRATIVERULESOFFUTURESBROKERAGECOMPANY（FORTRIALIMPLEMENT）CHAPTER1GENERALPROVISIONSARTICLE1FORTHEPURPOSEOFADVANCINGFUTURESBROKERAGECOMPANYTOFURTHERIMPROVETHEADMINISTRATIONOFCOMPANY，ESTABLISHINGANDIMPROVINGMODERNENTERPRISESYSTEM，PROMOTINGFUTURESBROKERAGECOMPANYTOOPERATEINANORMATIVE，STEADYWAYACCORDINGTOLAW，PRESERVETHEINTERESTSOFINVESTORANDTHEPUBLIC，FURTHERSTANDARDIZETHEDEVELOPMENTOFFUTURESMARKET，THERULESAREFORMULATEDINACCORDANCEWITHCOMPANYLAWOFTHEPEOPLESREPUBLICOFCHINA，THEINTERIMADMINISTRATIONPROVISIONSFORFUTURESTRADEANDRELATEDPROVISIONSOFOTHERLAWANDREGULATIONSARTICLE2FORTHEPURPOSEOFTHERULES，THETERM“COMPANYADMINISTRATION”REFERSTOTHEORGANIZATIONSTRUCTURETHATTAKESTHEBOARDOFSHAREHOLDERS，BOARDOFDIRECTORS，BOARDOFSUPERVISORS（ORSUPERVISOR），ANDMANAGERLEVELSASMAINBODY，ASWELLTHESYSTEMARRANGETHATENSUREEFFECTEDOPERATIONANDMUTUALCHECKANDBALANCEOFTHEINNERORGANS，ANDRELATEDDECISIONMAKING，MOTIVATIONANDRESTRAINTSYSTEMARTICLE3THEFUTURESBROKERAGECOMPANYSHALL，WHILEIMPROVINGTHECOMPANYADMINISTRATION，OBSERVETHEFOLLOWINGBASICPRINCIPLES（1）TOSTRENGTHENCHECKBALANCESYSTEMTHEFUTURESBROKERAGECOMPANYSHALLFURTHERIMPROVETHECONSULTATIONSYSTEMANDDECISIONMAKINGPROCEDUREOFTHEBOARDOFSHAREHOLDERS，BOARDOFDIRECTORS，BOARDOFSUPERVISORS（ORSUPERVISOR），ANDMANAGERLEVELS，MAKEITMOREDEFINITE，DETAILEDANDWORKABLE，ANDENSURETHATTHEABOVEMENTIONEDORGANSCOULDFULFILLRESPECTFULFUNCTIONANDDUTYCOMPLETELY（2）TOAUGMENTTHERISKCONTROLWITHTHEFUTURESBROKERAGEBUSINESSTHEFUTURESBROKERAGECOMPANYSHALL，ONTHEBASISOFFOLLOWINGTHEBASICREQUESTOFLAWOFCOMPANY，REVOLVEAROUNDTHEFUTURESBROKERAGEBUSINESS，MAKEITREASONABLETODEFINECLEARLYTHEFUNCTIONANDPOWERSOFTHEBOARDOFSHAREHOLDERS，BOARDOFDIRECTORS，BOARDOFSUPERVISORS（ORSUPERVISOR），ANDMANAGERLEVELS，IMPROVEINNERADMINISTRATIONSYSTEM，TOSTRENGTHENCAPACITYOFTHECOMPANYONINNERCONTROLANDRISKPREVENTION（3）TOPRESERVEALLSHAREHOLDERSWITHEQUALSTATUSANDRIGHTS，EMPHASIZETHECREDITDUTYOFSHAREHOLDERSTHEFUTURESBROKERAGECOMPANYSHALLENSURELEGITIMATERIGHTSANDINTERESTSOFNONHOLDINGSHAREHOLDERSINSYSTEM，EMPHASIZETHECREDITDUTYOFALLSHAREHOLDERS，RESTRAINTHEHOLDINGSHAREHOLDERSTODAMAGETHEINTERESTSOFTHEFUTURESBROKERAGECOMPANYANDOTHERSHAREHOLDERS；AND（4）TOIMPROVETHEMOTIVATIONANDRESTRAINTSYSTEMTHEFUTURESBROKERAGECOMPANYSHALLESTABLISHMOREREASONABLEMOTIVATIONANDRESTRAINTSYSTEM，CREATETHECOMPANYCULTUREWITHNORMATIVEBUSINESSOPERATIONANDPOSITIVEPROGRESS，PROMOTETHEFUTURESBROKERAGECOMPANYTOOPERATEINAHIGHLYEFFICIENTANDSTEADYWAYARTICLE4THEFUTURESBROKERAGECOMPANYESTABLISHEDINACCORDANCEWITHLAWWITHINTHETERRITORYOFCHINASHALLBEGOVERNEDBYTHISRULETHEFUTURESBROKERAGECOMPANYSHALL，INACCORDANCEWITHTHEREQUESTOFTHISRULES，REVISETHECONSTITUTIONOFCOMPANY，IMPROVETHEESTABLISHMENTOFINNERORGANSINCOMPANY，FORMULATE，REVISEANDPRACTICERELATEDADMINISTRATIONSYSTEM，FURTHERIMPROVETHEADMINISTRATIVELEVELSFORCOMPANYCHAPTER2SHAREHOLDERANDBOARDOFSHAREHOLDERSARTICLE5THEFUTURESBROKERAGECOMPANYSHALL，INORDERTOAVOIDEXCESSIVECENTRALIZATIONANDDISPERSALOFSHARERIGHTS，ESTABLISHBALANCEDSHARESSTRUCTURERELATIVELYANDTHESTRUCTUREOFULTIMATEHOLDERWITHRIGHTSANDINTERESTSTHESHAREHOLDEROFTHEFUTURESBROKERAGECOMPANYCONFORMTOTHEQUALIFICATIONPRESCRIBEDBYCHINASECURITYREGULATORYCOMMISSIONANDGETRATIFICATIONFROMCHINASECURITYREGULATORYCOMMISSIONANDITSAGENCYACCORDINGTOREGULATIONS；THEFUTURESBROKERAGECOMPANYSHALLBEENCOURAGEDTOINTRODUCE，UPONASSIGNMENTOFSHARERIGHTSANDINCREASEOFCAPITAL，THESHAREHOLDERSWHOHAVEGOODFINANCES，OPERATENORMATIVEBUSINESSANDADMINISTRATION，POSSESSFINECREDITANDARECAPABLEOFSUPPORTTHECOMPANYTOMAKENORMATIVEDEVELOPMENTARTICLE6THECONSTITUTIONANDRULESOFDISCUSSIONOFHEFUTURESBROKERAGECOMPANYSHALLENSURETHATTHESHAREHOLDERSANDBOARDOFSHAREHOLDERSPOSSESSTHERIGHTSANDDUTY，WHICHAREGRANTEDBYTHECOMPANYLAWARTICLE7ALLSHAREHOLDERSOFTHEFUTURESBROKERAGECOMPANYSHALLBETREATEDASEQUALITYTHELEGALSTATUSANDRIGHTSOFMIDDLEANDMINORSHAREHOLDERSSHALLBEVALUEDANDPROTECTEDNOMAJORSHAREHOLDERSTAKEADVANTAGEOFTHESPECIALSTATUSTODAMAGETHELEGITIMATERIGHTSANDINTERESTSOFCOMPANYANDOTHERSHAREHOLDERSARTICLE8THEFUTURESBROKERAGECOMPANYMAYSTIPULATEINCOMPANYCONSTITUTIONTHATSOMEIMPORTANTMATTERSSHALLMAKEDECISIONSFROMTHEBOARDOFSHAREHOLDERSANDBEPASSEDBYSHAREHOLDERSREPRESENTINGTWOTHIRDSORMOREOFTHEVOTINGRIGHTSFORINSTANCE，INTHECASEOFRELATEDTRADEINEXCESSOFDEFINITETRADEAMOUNT，FOREIGNINVESTMENTORPURCHASEINEXCESSOFDEFINITETRADEAMOUNT，ETCNOSUCHSHAREHOLDERSASRELATEWITHTHEDISCUSSEDMATTERSSHALLPARTICIPATEINDISCUSSIONARTICLE9THESHAREHOLDERSHALLSHARETHEKNOWINGINFORMATIONRIGHTSANDPARTICIPATIONRIGHTSFORTHEIMPORTANTMATTERSOFCOMPANYTHEBOARDOFSHAREHOLDERSSHALLLISTTHESUPERVISORYANDADMINISTRATIVESUGGESTION，NOTIC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ERBEENTITLEDTOCONVENETHEGENERALMEETINGOFSHAREHOLDERS，SHALLBEDEFINEDINTHECONSTITUTIONOFTHEFUTURESBROKERAGECOMPANYCHAPTER3THEDIRECTORANDTHEBOARDOFDIRECTORSARTICLE20THEBOARDOFTHEFUTURESBROKERAGECOMPANYSHALLSERIOUSLYPERFORMTHEFUNCTIONSANDPOWERSOFTHEBOARDOFDIRECTORSPRESCRIBEDBYCOMPANYLAWEXCEPTTHEMATTERS，THEFUNCTIONSANDPOWERSPERFORMEDBYTHEBOARDOFDIRECTORSSHALLBEPRESCRIBEDINTHECONSTITUTIONOFTHEFUTURESBROKERAGECOMPANY（1）TOREVIEWANDDECIDEONADMINISTRATIONSYSTEMFORCOVERCOSTDRAFTEDBYTHEMANAGERLEVELS，TOENSURETHATADMINISTRATIONFORCOVERCOSTOFTHEFUTURESBROKERAGECOMPANYSHALLCONFORMTOVARIOUSREQUESTSOFTHECLOSEADMINISTRATIONFORCOVERCOSTFROMCHINASECURITYSUPERVISORYCOMMISSION；（2）TOREVIEWANDDECIDEONWHETHERPERFORMINGTHEPLANONRELATEDBUSINESSINNOVATION，ENSUREVALIDITYOFBUSINESSINNOVATIONACTIVITIESANDESTABLISHMENTOFRISKPREVENTIONSYSTEM；AND（3）TOREVIEWANDDECIDEONTHERISKCONTROLSYSTEMOFTHEFUTURESBROKERAGECOMPANYARTICLE21WHERETHEBOARDOFDIRECTORSAUTHORIZESTHECHAIRMANOFBOARDTOEXERCISETHEPARTPOWERSOFTHEBOARDOFDIRECTORS，THEAUTHORIZATIONPRINCIPLEANDAUTHORIZATIONCONTENTFROMTHEBOARDOFDIRECTORSSHALLALSOBESPECIFIEDCLEARLYINCOMPANYCONSTITUTIONALLTHESEMATTERSINVOLVINGTHEMAJORINTERESTSOFTHECOMPANYSHALLBESUBMITTEDTOTHEBOARDOFDIRECTORSORTHEBOARDOFSHAREHOLDERSFOREXAMINATIONANDDECISIONMAKINGFORTHEPURPOSEOFCONTROLTHEDECISIONMAKINGRISKOFTHECOMPANYEFFECTIVELY，THEBOARDOFDIRECTORSSHALLALSOSPECIFYSUCHMATTERSASTHEAUTHORIZATIONSCOPEANDLIMITFORTHEMANAGERLEVELSARTICLE22THEPUBLICANDFAIRPROCEDUREFORELECTIONANDENGAGEMENTOFTHEDIRECTORSHALLBEDESIGNATEDINTHECOMPANYCONSTITUTIONTHEMEMBERSOFBOARDOFDIRECTORSSHALLPOSSESSTHEESSENTIALKNOWLEDGE，SKILLANDQUALIFICATIONFORPERFORMINGTHEDUTIES，ASWELLPARTICIPATEINPOSITIVELYRELATEDTRAINSTHEDIRECTORSHALLENSUREENOUGHTIMEANDENERGYTOPERFORMHISDUEDUTIESARTICLE23THEMEETINGOFBOARDOFDIRECTORSSHALLBEHELDONCEEVERYYEARATLEASTANDSHALLPRODUCETHEMEETINGRECORDTHEBOARDOFDIRECTORSSHALLFORMULATENORMATIVEANDSPECIFIEDRULESOFDISCUSSIONTHEMEETINGOFBOARDOFDIRECTORSSHALLPRODUCEINTEGRATEDANDAUTHENTICMEETINGRECORD，ANDTHEATTENDINGDIRECTORSSHALLSIGNONITTHEORIGINALRECORDANDMEETINGMINUTESSHALLBERESERVEDPROPERLYARTICLE24WHERETHEDECISIONMAKINGOFTHEBOARDOFDIRECTORSVIOLATESTHELAW，REGULATIONSANDPROVISIONSOFTHECOMPANYCONSTITUTION，WHICHRESULTSINTHELOSSOFTHECOMPANY，THEDIRECTORSWHOPARTICIPATEINMAKINGDECISIONSHALLBEINVESTIGATEDWHILE，UPONMAKINGPROOF，THEDIRECTORSWHOSTATETHEOBJECTIONINVOTEANDVOTEDAGAINSTTHEDECISION，WHICHHAVEBEENRECORDEDINTHEMEETINGRECORD，SHALLNOTBEINCLUDEDARTICLE25THEBOARDOFDIRECTORSMAYESTABLISHUNDERITSUCHINSTITUTIONASTHESPECIALTYCOMMISSION，ETC，ANDFORMULATESPECIFIEDWORKINGRULESANDWORKINGDUTIES，SOASTOPROVIDETHEBOARDOFDIRECTORSWITHREFERENCESUGGESTIONINMAKINGDECISION，ENSUREFUNCTIONSOFTHEBOARDOFDIRECTORSBEINGBROUGHTINTOFULLPLAYTHERELATEDINSTITUTIONSOFBOARDOFDIRECTORSMAYENGAGEINTERMEDIARYINSTITUTIONTOASSISTINWORKPERFORMANCE，THERELATECHARGESSHALLBEPAIDBYTHECOMPANYTHEFUTURESBROKERAGECOMPANYSHALLBEENCOURAGEDTOESTABLISHSUCHMAJORINSTITUTIONSENGAGINGINSPECIALCONSULTATIONANDSUPERVISIONASAUDIT，RISKCONTROLINSTITUTION，ETC，INTENSIFYRISKSUPERVISIONFORBUSINESSOPERATIONANDMAKINGDECISIONOFTHECOMPANYANDURGETHECOMPANYTOOPERATEBUSINESSINALEGALANDSTEADYWAYARTICLE26THEFUTURESBROKERAGECOMPANYSHALLBEENCOURAGEDTOESTABLISHTHEINDEPENDENTDIRECTORSYSTEMTHEINDEPENDENTDIRECTOROFFUTURESBROKERAGECOMPANYSHALLCONCENTRATEONANDPROTECTTHEINTERESTSOFMIDDLEMINORSHAREHOLDERSANDFUTURESINVESTORSARTICLE27WHERETHEFUTURESBROKERAGECOMPANYISUNDERONEOFTHEFOLLOWINGCIRCUMSTANCES，THEINDEPENDENTDIRECTORSYSTEMSHALLBEESTABLISHED（1）WHERETHEREGISTEREDCAPITALISMORETHAN50，000，000YUAN（50，000，000YUANINCLUDED）；（2）WHEREASINGLESHAREHOLDERORTHEULTIMATEHOLDERWITHRIGHTSANDINTERESTSHOLD50PERCENTOFTHESHARESDIRECTLYORINDIRECTLYFROMTHEFUTURESBROKERAGECOMPANY；（3）WHEREASINGLEPERSONASSUMEOFFICEASTHECHAIRMANDIRECTORANDGENERALMANAGERSIMULTANEOUSLY；（4）WHERETHEFINANCIALINSTITUTIONINVESTSHARESDIRECTLYORINDIRECTLY；AND（5）OTHERCIRCUMSTANCESTHECHINASECURITYSUPERVISORYCOMMISSIONPRESCRIBEARTICLE28SUCHRELATIONSASINFLUENCETHEINDEPENDENTJUDGMENTSHALLEXISTBETWEENTHEINDEPENDENTDIRECTORANDTHEFUTURESBROKERAGECOMPANY，PRINCIPALSHAREHOLDERS，ASWELLTHEULTIMATEHOLDERSWITHRIGHTSANDINTERESTS，THEFOLLOWINGPERSONNELSHALLBEASSUMEDOFFICEASTHEINDEPENDENTDIRECTOR（1）WHERESUCHPERSONNELASHOLDTHEOFFICEINTHEFUTURESBROKERAGECOMPANYORITSSUBORDINATECOMPANY，ANDDIRECTLYRELATEDRELATIVESANDMAINRELATIVESANDFRIENDSTHESAIDPERSONNELISINCLUDED；（2）WHERESUCHPERSONNELASHOLDTHEOFFICEINTHEUNITSTHATHOLDMORETHAT5PERCENTOFSHARESRIGHTSFROMTHEFUTURESBROKERAGECOMPANYDIRECTLYORINDIRECTLY，ORTHESHAREHOLDERSUNITSTHATRANKTHETOP5OFAMOUNTOFTHESHARESINTHEFUTURESBROKERAGECOMPANY，THEDIRECTLYRELATEDRELATIVESOFTHESAIDPERSONNELISINCLUDED；（3）WHERESUCHPERSONNELASSERVETHEFUTURESBROKERAGECOMPANYWITHSERVICEONFINANCE，LAWANDCONSULTATION；（4）WHERESUCHPERSONNELASISUNDERTHEMENTIONEDABOVECIRCUMSTANCESINARECENTYEAR；（5）WHEREOTHERPERSONNELSPECIFIEDBYTHECOMPANYCONSTITUTION；AND（6）WHEREOTHERPERSONNELDESIGNATEDBYCHINASECURITYSUPERVISORYCOMMISSIONARTICLE29THESHAREHOLDER，THEBOARDOFDIRECTORSANDBOARDOFSUPERVISORS（ORSUPERVISOR）OFTHEFUTURESBROKERAGECOMPANYMAYPROPOSETHECANDIDATEFORTHEINDEPENDENTDIRECTOR，ANDWHICHSHALLBEDECIDEDUPONAVOTEBYTHEBOARDOFSHAREHOLDERSTHEONETHATNOMINATEFORTHEINDEPENDENTDIRECTORSHALLBEMADEBYTHECONSENTOFTHENOMINEEBEFORENOMINATIONTHETENUREOFTHEINDEPENDENTDIRECTORISIDENTICALWITHOTHERDIRECTORSARTICLE30THEFUTURESBROKERAGECOMPANYSHALL，WITHIN10DAYSAFTERTHEDATEOFDECISIONONELECTIONFORTHEINDEPENDENTDIRECTORBEINGMADEBYTHEBOARDOFSHAREHOLDERS，REPORTTHEINFORMATIONONTHEELECTIONANDAPPOINTMENTFORTHEINDEPENDENTDIRECTORTOCHINASECURITYSUPERVISORYCOMMISSIONWHERETHEINDEPENDENTDIRECTORLAYDOWNTHEOFFICEORISREMOVEDFROMOFFICEINHISTENUREOFOFFICE，THEINDEPENDENTDIRECTORINPERSONANDTHEFUTURESBROKERAGECOMPANYSHALLPROPOSETHEEXPLANATIONINWRITINGTOTHEBOARDOFSHAREHOLDERSANDITSAGENCYOFCHINASECURITYSUPERVISORYCOMMISSIONANDTHEBOARDOFSHAREHOLDERSARTICLE31EXCEPTTHEFUNCTIONSANDPOWERSOFTHEDIRECTORGRANTEDBYCOMPANYLAWANDOTHERLAWANDREGULATIONS，THEINDEPENDENTDIRECTOREXERCISETHEFOLLOWINGFUNCTIONSANDPOWERSPRESCRIBEDINTHECONSTITUTIONOFTHEFUTURESBROKERAGECOMPANY（1）TOPROPOSEFORCONVENINGTHEBOARDOFDIRECTOR；（2）TOSUBMITTOTHEBOARDOFDIRECTORSORTHEBOARDOFSUPERVISORS（ORSUPERVISOR）TOCONVENETHEINTERIMMEETINGOFSHAREHOLDERS（3）TOPROPOSETHATTHEBOARDOFDIRECTORSSHALLCONDUCTANAUDITWHILELEAVINGHISPOSTFORTHEADMINISTRATIVESTAFFOFCOMPANYWHOISSUSPECTEDOFVIOLATINGLAWANDREGULATIONS；TOSUBMITTOTHEBOARDOFSHAREHOLDERSTOCONDUCTAAUDITFORTHEDIRECTORANDSUPERVISORWHOISSUSPECTEDOFVIOLATINGTHELAWANDREGULATIONS（4）TOEXPRESSTHEOBJECTIVEANDFAIRINDEPENDENTOPINIONASFARASTHEFOLLOWINGMATTERSPRESCRIBEDBYTHEFUTURESBROKERAGECOMPANY；1THEINVESTMENT，CONDUCTINGFINANCEANDBUSIN上一篇英语财政部、国家税务总局关于暂停尿素出口退税的紧急通知URGENTCIRCULAROFTHEMINISTRYOFFINANCEANDTHESTATEADMINISTRATIONOFTAXATIONCONCERNINGTEMPORARILYSUSPENDINGTAXREBATEFORUREAEXPORT下一篇英语关于2004年境外投资联合年检和综合绩效评价工作有关事项的通知CIRCULARONISSUESCONCERNINGTHEJOINTANNUALINSPECTIONANDCOMPREHENSIVEPERFORMANCEEVALUATIONOFOVERSEASINVESTMENTIN2004查看更多关于法律英语的文章网友同时还浏览了犯罪术语12犯罪术语11犯罪术语10犯罪术语9犯罪术语8犯罪术语7法律英语期货经纪公司治理准则（试行）CIRCULARISSUEDBYCHINASECURITIESREGULATORYCOMMISSIONONADMINISTRATIVERULESOFFUTURESBROKERAGECOMPANYFORTRIALIMPLEMENTESSOPERATIONACTIVITIESOTHERTHANTHEFUTURESBROKERAGEBUSINESS；2THEAMOUNTOFMAJORRELATEDTRANSACTIONISMORETHAN1，000，000YUAN；3THEINFORMATIONONRISKCONTROLANDTHEPRICEPAIDBYVIRTUEOFPROVIDINGTHESHAREHOLDERSANDRELATEDPARTYWITHSERVICEBYTHEFUTURESBROKERAGECOMPANY；4THEBUSINESSINNOVATIONACTIVITIESOFTHEFUTURESBROKERAGECOMPANY；5THEDISTRIBUTIONSCHEMEOFPROFIT；6THEAPPOINTMENTANDDISMISSALOFMANAGELEVELSMEMBERS；7THEMATTERSTHATCAUSEPROBABLYTHEHEAVYLOSSESOFTHEFUTURESBROKERAGECOMPANY；8THEMATTERSTHATDAMAGEPROBABLYTHERIGHTSANDINTERESTSOFMIDDLEMINORSHAREHOLDERS；9THEMATTERSTHATDAMAGEPROBABLYTHERIGHTSANDINTERESTSOFTHEFUTURESINVESTORS；10THEPLANONSALARIESANDMOTIVATIONOFTHEDIRECTOR，SUPERVISORANDMANAGERLEVELSMEMBER；AND11OTHERCIRCUMSTANCESDESIGNATEDBYTHECOMPANYCONSTITUTIONTHESUGGESTIONSEXPRESSEDBYTHEINDEPENDENTDIRECTORSSHALLBECLEARLYSTATEDINTHEMEETINGRECORDWHERETHEABOVEMENTIONEDPROPOSALSORINDEPENDENTOPINIONSOFTHEINDEPENDENTDIRECTORSHALLB