On the afternoon of December 1, 2021, Lawyer Gu Liping from our firm participated in an online salon titled "Directors, Supervisors, and Senior Management Responsibilities and Corporate Governance," jointly organized by Ping An Bank Zhuhai Branch, the "300 Questions on Successful Mergers and Acquisitions" expert group, and the "Legal Media Community." Lawyer Gu shared insights on the judicial standards for shareholders' right to know and corporate governance issues.

Using two contrasting cases from the Supreme Court as a starting point, Lawyer Gu highlighted the ongoing divergence in practice regarding whether shareholders' right to know includes access to accounting vouchers. He analyzed and summarized various scenarios in which courts have supported shareholders' access to accounting vouchers. By comparing the right to know in limited liability companies and joint-stock companies, Lawyer Gu pointed out that the legal provisions for the right to know in joint-stock companies remain a "gray area," with extremely limited scope.

Undeniably, in the Kangmei Pharmaceutical case, administrative intervention played a more significant role than shareholders' right to know. However, not every case involves regulatory measures by administrative authorities. How can the right to know for shareholders of joint-stock companies be ensured? Lawyer Gu argued that the "right to audit" is the most crucial safeguard and analyzed this from the perspectives of equity financing and equity incentives.

The online salon attracted over 500 participants, and Lawyer Gu's professional analysis received unanimous praise.