State-owned Assets Supervision and Administration Commission: Enterprises should make full use of the authorization and decentralization policy

"In accordance with the principle of reciprocity of powers and responsibilities, increasing the authority and decentralization means giving the central enterprises greater responsibility, which means that new requirements for strengthening the capacity building, self-discipline and standard operation of enterprises are put forward. We require each Enterprises adhere to the modern state-owned enterprise system with Chinese characteristics, unify the party's leadership and improve corporate governance, accelerate the formation of effective corporate governance structure, flexible and efficient market-oriented operating mechanism. Constantly consolidate the management foundation, optimize group management and control, and deepen The reform of the three systems of personnel, labor, and distribution within the enterprise, improve the risk, internal control, and compliance system, and ensure that all authorizations and decentralization can be accommodated and stabilized." The relevant person in charge of the State-owned Assets Supervision and Administration Commission of the State Council recently authorized the decentralization of the State-owned Assets Supervision and Administration Commission. The list (2019 edition) (hereinafter referred to as the "List") was interviewed by relevant media.

The State-owned Assets Supervision and Administration Commission of the State Council issued the "List" on June 3, and in the relevant notice, the central enterprises were required to implement the implementation in a comprehensive manner; the local SASACs were required to actively promote the reform of the state-owned capital authorization management system in accordance with the requirements of the documents and the actual situation. Authorize the decentralization list, give enterprises more autonomy, and promote the organic integration of the micro-subjects and the management of state-owned capital.

Authorized decentralization list highlights 3 more

The significance of the introduction of the "List", the relevant person in charge of the State-owned Assets Supervision and Administration Commission of the State Council pointed out that the SASAC adheres to the "cutting inward" and self-revolution, and in accordance with the fine, rigorous and steady advancement of work requirements, it will stimulate the vitality of the micro-subjects and manage the state-owned capital. Organic combination, * mobilize and stimulate the enthusiasm of enterprises to a large extent, focusing on the selection of 5 categories, 35 items of decentralization and delisting matters, including planning investment and main business management (8 items); property rights management (12 items); Selection and employment (2 items); salary management of enterprise leaders, total salary management and medium and long-term incentives (10 items); management of major financial matters (3 items).

The formulation of the "List" is an important measure to further promote the reform of the state-owned capital authorization management system and improve the state-owned assets management system. It is also the specific requirement for implementing the transformation from the management enterprise to the management capital and the establishment of the state-owned enterprise market entity status according to law.

The relevant person in charge of the State-owned Assets Supervision and Administration Commission of the State Council believes that compared with the previous work, the main list of authorized decentralization lists issued this year can be summarized as “three more”:

The first is to clarify the relevant conditions and procedures to ensure the implementation of the authority and decentralization. Each authorization of the "List" is to ensure clear conditions, detailed procedures, clear rights and responsibilities, to ensure that the authority and decentralization can be operated in actual work, and to truly decentralize the authority. For example, the “List” completely abolished the pre-recording procedure, requiring that in addition to the cadre management, there should be no “pre-recording”, “pre-existing communication” and “implementation after registration”.

The second is to focus more on the company's key concerns and ensure that empowerment empowers people. For specific authorization and decentralization matters, we have extensively listened to the opinions of enterprises in advance to ensure that the List can directly respond to the demands of enterprises, enhance the sense of acquisition of enterprises, and further stimulate the vitality and endogenous motivation of micro-subjects. It should be noted that although some rights issues have been reflected in other documents, the "list" has been strengthened, some have been expanded on the object of authorization, some have been refined in terms of procedures, and some have shown distinctive Support attitude, easy for enterprises to implement.

The third is to strengthen the classification authorization to ensure that the authorization and decentralization are accurate. The authorization and decentralization matters proposed in the "List" are not directly granted to the central enterprises in a "package" or "one size fits all" manner. Instead, they are divided into four types according to the functional positioning, development stage and industry characteristics of each central enterprise. , including 21 items of authorization and decentralization applicable to all central enterprises; applicable to all kinds of comprehensive reform pilot enterprises (including pilots of state-owned capital investment and operation companies, creation of world* demonstration enterprises, pilot reform of central enterprises in Northeast China, and pilot enterprises for implementing board powers) 4) Authorized decentralization matters; 6 items for authorization and decentralization of state-owned capital investment and pilot companies of operating companies; 4 items for authorization and decentralization for a few specific enterprises.

Combination of authorization and supervision, release and management

The relevant person in charge of the State-owned Assets Supervision and Administration Commission of the State Council stated that in the process of formulating the “List”, the State-owned Assets Supervision and Administration Commission of the State Council has always firmly grasped the position of responsibility. According to the authorization of the State Council, the State-owned Assets Supervision and Administration Commission, on behalf of the state, fulfills the duties of the fund-raising personnel of the central enterprises, and also assumes the responsibility of supervising the state-owned assets and responsible for the construction of the party of the central enterprise. According to the requirements of the central government on the reform of the state-owned capital authorization management system, the authorization to decentralize is to reduce the direct intervention of the production and operation activities of the enterprise, rely more on the corporate governance structure, and manage the capital's responsibility. . At the same time, it is necessary to implement the requirements of the combination of authorization and supervision, and ensure that the party's overall leadership will be strengthened throughout the entire process and aspects of the reform.

The items in the List are collectively referred to as the issue of authorization and decentralization. The authorization is to grant the rights of the investor in the List of Rights and Responsibilities to the board of directors or the enterprise group, and the statement of “authorization” is added before the matter. These rights still belong to the rights of the investor, and the funder can grant and dynamically adjust it. Decentralization matters are matters that should be decided by the enterprise in accordance with the law and extended to the sub-enterprises, decentralized or placed in the enterprise, with the expression of “support” or direct explanation of the matter. The issue of decentralization is the right of the investor to be delegated or cancelled and is not included in the List of Rights and Responsibilities. In order to better link documents, the “Responsibility List” will be adjusted accordingly.

While increasing the authority to release power, how to ensure that state assets are not lost? Will the authorization and decentralization matters be dynamically adjusted? In response to this problem, the relevant person in charge of the State-owned Assets Supervision and Administration Commission of the State Council pointed out that the "Reform of State-owned Capital Authorization Management System Plan" issued by the State Council clearly requires that "the decentralization of the release is in place and the management of the management is good." At the same time of authorizing decentralization, the State-owned Assets Supervision and Administration Commission will focus on strengthening supervision and supervision, intensifying post-event supervision, accelerating the construction of informatization and continuously improving the real-time online state-owned assets supervision system, and strengthening supervision over major key issues such as “three majors and one big decision”. Supervision. It is necessary to establish and strictly implement the accountability mechanism for up and down, effectively safeguard the security of state-owned assets, resolutely prevent the loss of state-owned assets, and ensure the integration of authorization and supervision, and the integration of livelihood and management.

The promulgation of the "List" marks an important step in implementing the reform of the state-owned capital authorization management system. However, the classification and implementation of the authorization and decentralization work itself is also a process of continuous advancement, dynamic adjustment, and gradual deepening. The State-owned Assets Supervision and Administration Commission will strengthen follow-up supervision, regularly evaluate the implementation and effectiveness of the delegation of authority, and adopt measures such as expansion, adjustment or resumption to dynamically adjust the licensing issues and scope of authorization. For enterprises that are authorized but fail to regulate exercise or have major problems, the SASAC will urge enterprises to make rectifications, recover corresponding rights according to the situation, and regularly update the contents of the List to continuously improve pertinence and effectiveness.

How does the "List" work? The relevant person in charge of the State-owned Assets Supervision and Administration Commission of the State Council replied that the key to reform is to implement it. The authorization and decentralization of the "List" has been clarified. Enterprises must not have the attitude of "having policies and other rules, and waiting for the rules to support". We must effectively enhance the initiative and consciousness of the reform and make full use of this policy. It should be emphasized that the delegation of authority cannot only stay at the headquarters of the enterprise group, but it must be “layered and loosened”, and the delegation of authority and authority should be implemented to sub-enterprises or management entities at all levels to fully stimulate the vitality of the micro-subject.

* Afterwards, the relevant person in charge of the State-owned Assets Supervision and Administration Commission of the State Council stated that the authorized decentralization target of the List is mainly aimed at the central enterprises supervised by the State-owned Assets Supervision and Administration Commission of the State Council. In recent years, various local state-owned assets supervision and administration institutions have issued relevant policies and lists, increased authorization and decentralization, achieved positive results, and formed some unique practices. In the next step, we will guide the local SASACs in accordance with the requirements of the State Council's "Reform of State-owned Capital Authorized Management System Plan", and jointly promote the reform of the state-owned capital authorization management system and the implementation of authorization and decentralization in the region, and truly remove the deregulation and decentralization. Put it in place, and further empower and decentralize, giving enterprises more autonomy. We will strengthen guidance and supervision so that the authority and decentralization work will be promoted and fully implemented in the central enterprises and local enterprises.

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