The "Manual of Directors, Supervisors and Senior Management of Listed Companies", compiled by the Shanghai Stock Exchange (SSE), has been officially published by Shanghai Jiao Tong University Press. The manual aims to facilitate senior management of listed companies to improve corporate governance and standardize operation under the circumstance of all-floating in China.
At present, as most listed companies in China have completed the "equity division" reform, the whole market is stepping into the all-floating era of shares. Each senior management member of listed companies should give top priority to pushing the corporate governance and management to a new height under the new market circumstance.
With the arrival of the all-floating era, the market capitalization management is looming as an important issue in the listed companies' management. With the market capitalization management at the core, controlling shareholders, institutional investors and the small and medium shareholders have more common interests. Thus, the interest of senior management will be closely interlinked with that of listed companies and their small and medium shareholders. In the all-floating market, listed companies' assets reorganization, shares infiltration and anti-infiltration, purchase and anti-purchase will become the focus of securities market in the future. Under the new circumstances, apart from the current information disclosure, organizing and holding shareholders' and directorate meetings, the directorate's daily work also covers the management of investors' relationship and the concern for the secondary market.
The timely SSE manual, compiled by researchers and experts engaged in frontline supervision over listed companies for long time, including Zhu Congjiu, Zhou Qinye, Liu Shian, Zhou Guoqing and Hu Ruyin, falls into 12 chapters on 1100-odd pages, with about 1 million Chinese characters. The manual, following the dictionary compilation style, classifies the issues according to entry. As a desk book for directors, supervisors and senior managements, the manual is informative and easy for retrieval.