BEIJING, May 11 (Xinhua) -- The new management measures for information disclosure of China's insurance companies will take effect from July this year, the Xinhua-run Shanghai Securities News reported on Friday.
The new management measures unveiled by the China Banking and Insurance Regulatory Commission on Thursday require the insurance companies to disclose much richer information than the old version in 2010.
Specifically, in the summary of corporate governance disclosed by the insurance company, the new management measures require the insurance company to have a brief description of the actual controller and its control over the company.
Meanwhile, as for the disclosure of the main resolutions of the shareholders meetings in the past three years, the insurance company must offer details including time, place, attendance, major issues, and voting status of the meetings. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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