CHENGDU, Dec. 16 (NBD) -- China's State-owned Assets Supervision and Administration Commission of the State Council (SASAC) on Thursday published new rules on performance evaluation for heads of state-owned enterprises (SOEs) at the central level.
The new rules specified that the performances for central-level SOE heads are to be evaluated at differentiated standards hinged on different business missions.
Basic annual salary, performance-based salary and bonus comprise the total payoffs for central-level SOE heads, bonuses are limited within 30% of the basic annual salary, according to the rules.
SOEs with major business in fully competitive sectors will be mainly evaluated based on revenue and profits, return on investment and competitiveness.
The rules also encouraged the central-level SOEs to implement corporate social responsibility measures.