(1) Governance structure of China Oil and Gas Co., Ltd.

The framework of corporate governance structure should safeguard shareholders' rights;

(2) The framework of corporate governance structure should ensure that all shareholders, including minority shareholders and foreign shareholders, are treated equally; Shareholders' rights are damaged, and they should have the opportunity to get compensation;

(3) The framework of corporate governance structure should confirm the legitimate rights of stakeholders, encourage companies and stakeholders to actively cooperate, create wealth and employment opportunities, and maintain the financial stability of enterprises;

(4) The framework of corporate governance structure should ensure timely and accurate disclosure of any major matters related to the company, including financial status, operating status, ownership status and corporate governance status;

(5) The framework of corporate governance structure should ensure the strategic guidance of the board of directors to the company and the effective supervision of management personnel, and ensure that the board of directors is responsible to the company and shareholders.

Extended data

The corporate governance system in China was gradually explored and established during the reform of state-owned enterprises and the development of joint-stock enterprises. In this process, China actively draws on the advanced experience of international organizations including OECD and other countries. A market supervision mechanism based on information disclosure and a market-oriented external restraint mechanism for corporate governance have taken shape.

At the same time, according to the corporate culture and equity characteristics of China, under the basic principles and framework of international corporate governance, a corporate governance structure with China characteristics has been formed. For example, set up a board of supervisors and independent directors at the same time, and strengthen the construction of external audit and internal control system.

In practice, the shareholders' meeting, the board of directors, the board of supervisors and the managers check and balance each other and cooperate with each other, so that the management level and quality of the company are constantly improved, and the information disclosure is gradually standardized, effectively protecting the interests of shareholders, investors, especially small and medium-sized investors.

Problems such as unclear relationship between the major shareholders of listed companies and listed companies, and misappropriation of funds by major shareholders, which once troubled the development of China's capital market, have been well solved.

Baidu Encyclopedia-Corporate Governance Structure

People's Daily Online-Yao Feng: A corporate governance structure with China characteristics has been formed.