Related News
Better way to calculate payments
Print Edition
CHINA unveiled new rules yesterday to evaluate the performance of the heads of centrally owned firms to better calculate their payment.
The new rules take a differentiated approach to evaluating the performance of centrally owned enterprises with different business missions, according to a statement released by the country’s top watchdog for state-owned enterprises.
Central SOEs with major business in fully competitive sectors such as electronics and textiles will be mainly evaluated based on revenue and profits, return on investment and competitiveness. They are also encouraged to implement corporate social responsibility measures.
For those in telecommunications, aerospace and other strategic sectors related to national security and economic pillars, the evaluation priorities will be their contributions to national strategy, maintaining national security and stable economic growth, developing strategic sectors and implementing key projects as well as achieving reasonable economic returns and maintaining asset value against depreciation.
The SOE watchdog will reward or punish central SOE heads based on company performance.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
