The main contents and conclusions of the evaluation report of listed companies are as follows:
First, the overall investor protection of A-share listed companies is improving. In 20 17, the evaluation score of investor protection of A-share listed companies was 75.64 points, which was 0.99 points higher than that in 20 16. Among them, the evaluation scores of the right to participate in decision-making, the right to know and the right to return on investment have all increased to varying degrees.
Second, the subjective satisfaction of investors has improved. The investor satisfaction index of listed companies in China is 59.58, which is 4. 16 higher than the previous year. Among them, the investor's subjective satisfaction index of three sub-rights, namely, the right to participate in decision-making, the right to know and the right to return on investment, has also increased to varying degrees.
Third, for several years in a row, the right to know is the right that investors are most concerned about, and investors are very concerned about the right to investment income and the right to participate in decision-making.
Fourth, the main conclusions on achievements and progress are as follows:
The cumulative voting system has been adopted more widely. In 20 17, the articles of association stipulated that there were 2,000 companies unconditionally adopting the cumulative voting system, accounting for 57.89%, up by 7.47 percentage points over the previous year.
The matching degree between executive compensation and company performance of listed companies has improved. In 20 17, the top three executives' salary changes of 2,298 companies matched the company's performance changes, accounting for 66.5 1%, up by 3.74 percentage points over the previous year.
The accuracy of financial report disclosure of listed companies has generally improved. In 20 17, there were 2,988 companies without supplementary explanations or corrections to their financial reports, accounting for 86.48%, an increase of 5.88 percentage points over the previous year.
The performance pre-disclosure of listed companies is in good condition. In 20 17 years, the actual performance of 237/kloc-0 companies reached the standard, accounting for 88.3 1% of the number of pre-disclosed companies, an increase of 1.25 percentage points over the previous year.
Information disclosure on websites of listed companies has been further improved. On average, the websites of listed companies disclose 4.33 items of basic information, an increase of 0. 16 items over the previous year. The average disclosure of active information was 1.7, an increase of 0.09 over last year.
Telephone communication channels for investors have been significantly improved. The average proportion of telephone calls answered by listed companies was 76. 10%, an increase of 12.04 percentage points over the previous year.
The proportion of profits created by the operating business of listed companies has further increased. There are 65,438+0,828 companies whose profits from operating activities account for more than 90% of the total profits, accounting for 52.95438+0% of the total number of listed companies, an increase of 22.02 percentage points over the previous year.
The cash dividend system of listed companies has been further improved. From 2065438 to 2007, 3,434 companies distributed profits in cash under the conditions specified in the articles of association, accounting for 99.39%, up 0.85 percentage points over the previous year.
Fifth, as far as problems and shortcomings are concerned, the main conclusions are as follows:
The improvement of the governance system of newly listed companies needs to be improved. The average number of governance documents disclosed by listed companies in 20 17 is nearly 20, but the average number of governance documents of newly listed companies in 20 17 is no more than 9.
The independence of the chairman and general manager of listed companies needs to be improved. In 20 17, the phenomenon that the chairman and general manager of 1039 companies were concurrently employed, accounting for 30.07%, an increase of 2.49 percentage points over the previous year.
The exercise of the nomination right of independent directors needs to be improved. Since 20 13, minority shareholders have rarely exercised the right to nominate independent directors, and the score of this indicator has always been below 20 points, which has been declining continuously in the past two years.
The initiative of listed companies to carry out investor interaction needs to be strengthened. In 20 17, 596 companies held two or more investor interaction activities during the year, accounting for 17.25%, down 0.09 percentage points from the previous year.
The main suggestions put forward in the evaluation report of listed companies are as follows: first, guide the newly listed companies to improve the system construction; Second, encourage the separation of the chairman and general manager of listed companies; Third, improve the construction of independent director system; Fourth, encourage listed companies to implement multi-channel active information disclosure and investor interaction; Fifth, strengthen the management and risk disclosure of external guarantees of listed companies.