State-owned enterprise leaders are not allowed to set their own pay

The two offices issued a number of regulations on the integrity of leaders of state-owned enterprises, according to the Xinhua news agency, the general Office of the State Council recently issued the "National Enterprise leadership integrity of some provisions", the same day implementation. The second chapter is "Integrity practices", it is clear that the leaders of the state-owned enterprises shall not violate the decision principles and procedures to determine the major decisions of the enterprises ' production and operation, the key personnel appointment and removal, the major project arrangements and the operation of large amount of funds; no violation of regulations for enterprise restructuring, merger, reorganization, bankruptcy, asset evaluation ; To instruct and force accountants to carry out activities which violate the state financial discipline and financial system of the enterprise, and shall not, without the approval of the agencies and personnel departments responsible for carrying out the duties of state-owned assets, determine the remuneration and housing subsidy of the leaders at this level; no donation or sponsorship matters　　, or in spite of the collective research by the leading group of enterprises but not fulfilling the responsibility of the state-owned assets contributor, decides large donation and sponsorship.　　It is emphasized that the leaders of state-owned enterprises shall not take advantage of the insider information, trade secrets and intangible assets or resources such as intellectual property rights and business channels of enterprises listed or listed companies in the process of mergers and acquisitions, reorganization, directional issuance, etc. The regulations stipulate that the leaders of state-owned enterprises shall not travel by public funds or travel in disguise, and shall not purchase or replace cars, official chartered flights, decoration offices, and additional high-grade office equipment in the event of non policy losses or arrears of wages of employees. The regulations also stipulate that the leaders of state-owned enterprises may not take advantage of the issue of weddings and funerals to cause adverse effects or make profits. The original 2004 issued by the state-owned enterprise leadership integrity rules abolished.