What is connected transaction? How to say it in English?
Related party transactions refer to the transactions between the company you own and your affiliated subsidiaries and related parties, which are subject to supervision. There is another definition. Transactions between these companies and affiliated companies and their subsidiaries, subsidiaries, directors of another company or their presidents or senior managers are also related. What is the contact person? For example, relatives, my brother, or my father-in-law, or whatever, are all relatives. For the management of this kind of related party relationship, the management of related party transactions should be to ensure that a company is not hollowed out, strictly supervise the related party relationship, ensure the maximization of shareholders' interests, and supervise related party transactions. This is the most basic legal provision to ensure that directors will not violate laws and regulations, which is the three aspects of the responsibility of the whole company.