Once the listed company
receives such a report from a Connected Person, it will disclose the information to the market via a public announcement.
To satisfy the independence requirement, certain individuals would have to observe a stricter and broader "cooling-off" period before serving on a company's board in any capacity: five years for former employees of the listed company
, employees of its present or former external auditor, former employees of any company whose compensation committee included an officer of the listed company
and immediate family members in any of these categories.
Furthermore, the second proviso of the said section states that in case of a listed company
, any dividend payable in cash shall only be paid through electronic mode directly into the bank account designated by the entitled shareholders.
It is a requirement under the Securities Act, 2015, for every listed company
to submit to the SECP details of the securities beneficially held by its directors, executive officers, and substantial shareholders.
ICBC received the highest number of awards - first place in the "Top 100 China Listed Companies by Environmental Responsibility", "Best Performing China Listed Company
by Environmental Responsibility" and "China Listed Company
by Green Finance".
The position of a Share Registrar in a listed company
was important to protect the interest of shareholders and provide them facilitation as well as keep an up-to-date record of all stocks bought.
At the 2012 "Issue and Symposium on China Corporate Governance Index" held at the Great Hall of the People in Beijing on November 25, ICBC won the Award for "Best Corporate Governance of Listed Company
ICBC won the Award for "Most Influential Leader of Listed Company
" at the China Listed Company
Overseas Forum & China Securities "Golden Bauhinia Awards" Ceremony held in Hong Kong recently.
Through its routine monitoring of financial statements has identified transactions in a listed company
, where funds of the listed company
were being diverted into the personal business of the directors.