New regulations mandating specialized roles for company secretaries have officially taken effect, requiring nearly a thousand listed companies to adjust their personnel structures. These rules, effective from May 24th, prohibit company secretaries from simultaneously holding positions such as chief financial officer or general manager. A transition period until the end of 2027 is provided for companies to comply, with over 800 currently having their company secretary also serve as CFO and over 100 with the secretary also as general manager. AI
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RANK_REASON New regulations impacting a significant number of listed companies and requiring structural personnel changes. [lever_c_demoted from significant: ic=1 ai=0.0]