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SZSE promulgates Guidelines for Social Responsibility of Listed Companies

Date: 2006-09-25

In order to construct the harmonious society, and promote listed companies to strengthen the consciousness of social responsibility and bear social responsibility actively, Shenzhen Stock Exchange recently promulgated and implemented the Guidelines for Social Responsibility of Listed companies (hereinafter referred to as “the Guidelines”).

 

The Guidelines stipulated that listed companies, as social members, shall bear due responsibilities to such relevant parties of interest as workers, shareholders, creditors, suppliers and consumers.

 

As to the protection of shareholders’ interests and rights, the Guidelines emphasized that listed companies should make long-term and relatively stable profit distribution policy and method, make the practical and reasonable share bonus scheme, to reciprocate shareholders actively.

 

The Guidelines required that listed companies should make the environment protection policy according to their influence degree on the environment, appoint concrete personnel to be responsible for the setting-up, implementation, maintenance and improvement of the environment protection system, offer essential manpower, material resources, technology and financial supports to environment protection tasks.

 

The Guidelines adopted the voluntary information disclosure system for implementation conditions of social responsibility of listed companies.