What does the revised draft company law mean?

The revised draft of company law refers to the draft law that the State Council revised and improved the existing company law on the basis of understanding the opinions of all sectors of society. These revisions and improvements are aimed at adapting to the changes in national policies, economic situation and industrial structure, improving the company's operating efficiency and governance quality, and promoting the sustained and healthy development of the national economy.

The revised draft of the company law covers a wide range, including basic matters such as company establishment, capital and organization, as well as relevant provisions on major decision-making matters such as share issuance, merger and acquisition, and division. In addition, the revised draft of the company law also attaches importance to safeguarding the rights and interests of investors, clarifying shareholders' right to know, vote, participate and supervise, and the legal treatment of new formats such as innovative equity investment.

The formulation of the revised draft of the company law is a complicated process, which requires the extensive participation of government agencies, professional groups, social organizations, enterprises and individuals. In the process of revising the draft, we should pay attention to protecting the legitimate rights and interests of enterprises and investors, adhere to the principle of legal compliance, unify the system with the market, make the company law a powerful guarantee for the development of enterprises, and provide a solid legal basis for the perfect development of China's capital market.