Directors must undergo annual performance assessments and impose measures to limit related party transactions and manage conflicts of interest.
January 13, 2022The new rules, effective 1 July, will strengthen and standardise performance evaluations of directors and supervisors of banks and insurers, the CBIRC said.
June 2, 2021The guidelines provide good practices that financial institutions should observe in relation to their corporate governance and remuneration frameworks.
May 10, 2021The guideline indicates that green finance initiatives will be given a greater weighting in financial institutions’ performance evaluations.
February 24, 2021A comparative study is about to be completed, which will pave the way for the launch of a China-EU Shared Classification Catalogue for Green Finance later this year.
February 11, 2021Banks and insurers have to evaluate the performance of their directors and supervisors each year and classify them as “competent”, “basically competent” or “incompetent”.
February 10, 2021