Jiangxi Copper Company Limited released a detailed set of guidelines to elevate the effectiveness and compliance of its independent directors. The document outlines clear standards for eligibility, appointment, duties, and overall working mechanisms to ensure directors remain objective and uphold the interests of all shareholders.

Key requirements under these rules include five or more years of relevant professional experience in fields such as accounting, law, or economics, alongside recognized independence from major shareholders and related parties. The provisions also bar individuals with close ties to controlling shareholders, those holding more than 1% of the total issued shares, or those who have been penalized for securities-related issues in the past three years.

According to the rules, independent directors must attend board meetings in person or entrust another independent director when absence is unavoidable. If an independent director misses two meetings consecutively without proper proxy, the board shall propose dismissal at a shareholders’ meeting. To reinforce oversight, independent directors are empowered to call special meetings, engage external advisors, and supervise key transactions that could affect the rights of minority shareholders.

The guidelines require independent directors to devote at least 15 days on-site each year for thorough oversight and to maintain detailed work records. Any substantial hindrance to their independence or performance must be reported to relevant authorities. These rules take effect upon approval by the general meeting, further solidifying Jiangxi Copper’s governance framework and emphasizing transparency and accountability in its corporate practices.