Rules on Integrity of Executives of State-Owned Enterprises

The General Office of the CPC Central Committee and the General Office of the State Council issued the Rules on Integrity of Executives of State-Owned Enterprises (SOE).

SOE executives shall act in compliance with the rules and shall not generate interests for himself (herself), spouse or children by offering insider information and trade secret in the process of IPO, merger and acquisition, regrouping and security issuance, and invoking corporate intangible assets such as IPRs.

The Rules is a basic law to regulate acts of SOE executives in a bid to strengthen anti-corruption system in SOEs, uphold the state's interest as investor, promote scientific development of SOEs and protect the legitimate interests of employees.

(China IP News)

2013-07-17