On December 29, the Taurus reporter of China Securities Journal learned from securities companies that China Securities Association recently issued the measures for the practical evaluation of cultural construction of securities companies (Trial) (Draft for comments) to securities companies, requiring securities companies to submit their comments and suggestions before January 10, 2022.
The evaluation includes three categories: basic indicators, bonus indicators and deduction indicators, involving a total of 57 indicators. The assessment method specifies the division of four categories and 10 levels of practice results, including a (a +, a, a -), B (B +, B, B -), C (c +, C, C -) and D.
According to the evaluation measures, China Securities Association puts forward to the CSRC suggestions on additional points for special classification evaluation of cultural construction of securities companies according to the classification results of practical evaluation: 1 point for a + level, 0.8 point for A-level, 0.6 point for A-level, 0.4 point for B + level, 0.2 point for B-level, 0.1 point for B-level, and no additional points for other levels. The final score increase shall be decided by the CSRC.
Since the classification rating is involved, which indicators can get extra points? Including participating in the research and discussion of the association’s self-discipline rules and norms; Give full play to the role of industry think tanks and serve the development of national economy and capital market; Publicize the industry image; Cultural construction is rewarded or affirmed.
add a number of basic indicators such as adhering to sustainable development
The evaluation index consists of basic index, bonus index and deduction index. There are many contents involved in basic indicators, including 11 aspects and 45 indicators. The benchmark of basic indicators set in the evaluation measures is divided into 7 points.
Basic indicators include overall requirements, balancing the interests of all parties, establishing long-term incentives, strengthening reputation constraints, implementing responsibility, integrating development strategies, strengthening cultural identity, stimulating organizational vitality, adhering to integrity and innovation, advocating professionalism and adhering to sustainable development.
China Securities Journal · China Securities Taurus reporter found that many of the basic indicators are new indicators. In terms of strengthening reputation constraints, the new indicators require the establishment of a personnel reputation information management mechanism, the registration and management of employee reputation information, and the reputation information as an important matter when personnel enter, promote and leave; Establish a mechanism to maintain the company’s image and reputation, and continuously accumulate the company’s reputation.
In terms of stimulating organizational vitality, the new indicators require respect for and fair treatment of the diversified background of employees, provide equal opportunities to employees and effectively protect the legitimate rights and interests of employees; Do a good job in employee care, and carry out healthy and beneficial employee cultural activities in various forms. In terms of adhering to sustainable development, the new indicators require the company’s development strategy to reflect the new development concept of “innovation, coordination, green, openness and sharing”; Consciously safeguard the reputation of the industry, resist acts or phenomena that have a negative impact on the reputation of the industry, and establish a good industry image.
if the cultural construction achievements are publicized, reported or promoted, the maximum score is 0.3 points
There are 8 additional indicators, including practicing the core values of industrial cultural construction, cultural construction guarantee measures and results. Participating in the research and discussion of the association’s self-discipline rules and norms, improving the professional ability of the service industry, participating in the training and qualification examination organized by the association, giving full play to the role of the industry think tank and serving the development of the national economy and capital market can be increased by 0.5 points respectively.
Strengthen the theoretical research of industry culture, and the maximum score is 0.3 points; For the promotion of industry image, the maximum score is 0.3 points. The publicity of the industry image is mainly that the securities company undertakes the industry culture construction publicity activities organized by China Securities Association, and the specific list is provided by China Securities Association and informed to the industry. Securities companies actively publicize the industry image and industry cultural concept through the central media. For the scope of the central media, please refer to the list of source units of Internet news releases published by the state Internet information office.
0.3 points can also be added for the guidance of cultural ideas, the publicity, reporting or promotion of cultural construction achievements, and the reward or affirmation of cultural construction. Among them, the cultural construction achievements are publicized, reported or promoted, including the cultural construction achievements of securities companies are reported by the central media; The cases of corporate culture construction are included in the teaching materials and case library of colleges and universities; The company’s cultural construction cases are selected into the annual report on cultural construction of the securities industry of the association, and the relevant cases are publicized by the association. Add 0.1 point for item 1, and the cumulative score shall not exceed 0.3 points.
deduct 1 point if the salary incentive is too radical
The score deduction index mainly involves four aspects. First, if the annual practice report and major events of cultural construction of securities companies are not publicized in accordance with the guidelines on the content and format of annual practice report of cultural construction of securities companies, 0.5 points shall be deducted at most.
Second, for those who violate the self-discipline rules and norms of the association and are subject to non written punishment measures, 1 point shall be deducted at most.
Third, if the employees participate in the follow-up vocational training organized by the association, and the class hours of courses related to industry culture and professional ethics account for less than 20%, 0.2 points will be deducted.
Fourth, if the salary incentive is too radical and fails to meet the requirements of establishing a long-term incentive mechanism, 1 point will be deducted.
double points will be deducted in case of omission and concealment
According to the appraisal measures, during the appraisal period, if there are major defects or failures in the governance mechanism of the securities company, which reflect the major problems or defects in the cultural construction of the securities company, or there are major violations or risk events, which reflect the major problems or defects in the cultural construction of the securities company, they will be directly rated as class D.
The evaluation measures also remind that securities companies do not truthfully mark the existing problems and deduct points in self-evaluation. If there are omissions, concealment and other situations, they will double the points that should be deducted. In case of concealment of major matters or false records, misleading statements or major omissions in the information and materials submitted and provided during the self-assessment, the classification results of the company shall be reduced by 1 to 3 levels according to the seriousness of the circumstances.
In addition, the submission time will also affect the evaluation results. If the securities company fails to report the self-assessment results before the specified submission date, the classification results of the company shall be reduced by one level; If the self-assessment results are not reported before the time limit for determining the classification results, the classification results of the company shall be directly recognized as class D.
the highest classification rating can add 1 point
According to the evaluation measures, China Securities Association puts forward to the CSRC suggestions on additional points for special classification evaluation of cultural construction of securities companies according to the classification results of practical evaluation: 1 point for a + level, 0.8 point for A-level, 0.6 point for A-level, 0.4 point for B + level, 0.2 point for B-level, 0.1 point for B-level, and no additional points for other levels. The final score increase shall be decided by the CSRC.
According to the evaluation results of last year, there are a few securities companies that can obtain class A. In July 2021, China Securities Association released the evaluation results of cultural construction practice of securities companies in 2020. A total of 102 securities companies participated in the evaluation, including 12 securities companies with evaluation results of class A and 22 securities companies with evaluation results of class B.
The securities companies rated as class A are: Nanjing Securities Co.Ltd(601990) , Orient Securities Company Limited(600958) , Guotai Junan Securities Co.Ltd(601211) , Guoyuan Securities Company Limited(000728) , Citic Securities Company Limited(600030) , Huatai Securities Co.Ltd(601688) , Gf Securities Co.Ltd(000776) , Everbright Securities Company Limited(601788) , Anxin securities, China Industrial Securities Co.Ltd(601377) , Zheshang Securities Co.Ltd(601878) and Haitong Securities Company Limited(600837) .
The securities companies rated as class B are: China Merchants Securities Co.Ltd(600999) , Changjiang Securities Company Limited(000783) , China Greatwall Securities Co.Ltd(002939) , Southwest Securities Co.Ltd(600369) , Dongguan securities, Dongxing Securities Corporation Limited(601198) , Donghai securities, Guokai securities, Guosen Securities Co.Ltd(002736) , Sealand Securities Co.Ltd(000750) , Zhongtai Securities Co.Ltd(600918) , China Securities Co.Ltd(601066) , Caida Securities Co.Ltd(600906) , Caixin securities, Caitong Securities Co.Ltd(601108) , Shanxi Securities Co.Ltd(002500) , Galaxy Securities, Huaxi Securities Co.Ltd(002926) , Hualong securities, Huaxin securities, Huaan Securities Co.Ltd(600909) and Huafu securities.
(China Securities Journal)
