Under such a general principle and framework, it complies with the international common practices to make some adjustments and refinements in practice to reflect each country’s specific conditions. Establishing a modern enterprise system and upholding the CPC’s leadership are fully compatible with each other.
First, of in terms of establishing a mechanism where effective checks and balances are in place, the general meeting of shareholders, the board of directors, the senior management and the board of supervisors are encouraged to assume their respective responsibilities and roles in accordance with the law.