Dunhuang Seed Industry, Sunshine Power, Orekin, Grimmie... Since September, China Securities Small and Medium Investors Service Center Co., Ltd. has publicly nominated independent directors from a number of listed companies and solicited voting rights from investors. The Submission Center's public nomination of independent directors is moving in the direction of normalization and institutionalization, promoting independent directors to perform their duties better at the source and raising the level of governance of listed companies. Analysts believe that the public nomination of independent directors by the Submission Service Center not only promotes a shift in corporate governance from “formal compliance” to “substantial effectiveness,” but also establishes an internal and external collaborative supervisory ecosystem through the introduction of joint powers by institutions such as public placement and private equity funds. With the deepening of special governance actions for listed companies, the sole director system is expected to continue to release “governance dividends”, providing a strong guarantee for further breaking down barriers for independent directors to perform their duties and consolidating the foundation for high-quality development of the capital market.

Dunhuang Seed Industry, Sunshine Power, Orekin, Grimmie... Since September, China Securities Small and Medium Investors Service Center Co., Ltd. has publicly nominated independent directors from a number of listed companies and solicited voting rights from investors. The Submission Center's public nomination of independent directors is moving in the direction of normalization and institutionalization, promoting independent directors to perform their duties better at the source and raising the level of governance of listed companies. Analysts believe that the public nomination of independent directors by the Submission Service Center not only promotes a shift in corporate governance from “formal compliance” to “substantial effectiveness,” but also establishes an internal and external collaborative supervisory ecosystem through the introduction of joint powers by institutions such as public placement and private equity funds. With the deepening of special governance actions for listed companies, the sole director system is expected to continue to release “governance dividends”, providing a strong guarantee for further breaking down barriers for independent directors to perform their duties and consolidating the foundation for high-quality development of the capital market.