CSRC issues corporate governance deadline
27 June 2008
The China Securities Regulatory Commission (CSRC) announced Thursday that companies that fail to meet corporate governance standards by November 30 will be denied new fund-raising opportunities, state media reported. The regulator said it will pay close attention to new share-incentive proposals that do not meet the new standards it introduced last year. Companies listed on mainland stock exchanges must report their progress on governance improvement by July 20.