Governance Structure
We are committed to building good corporate structure, abiding by laws, regulations and listing rules, and improving disclosure transparency for the best interests of our shareholders. Our Shareholders' General Meeting, Board of Directors, Board of Supervisors and Senior Management have distinct authorities and responsibilities, and operate in an independent way with effective checks-and-balances.
The Shareholders' General Meeting is the top authority of the Bank and is composed of all shareholders. The General Meeting is responsible for the election and replacement of non-staff directors and supervisors, decides the remuneration of directors and supervisors, considers and approves matters including the Work Report of the Board of Directors and the Board of Supervisors, nomination proposals, annual financial budget, profit distribution plan, amendments to the Articles of Association, increase or decrease of the registered capital and the issue of bonds.
The Board of Directors is the Bank's decision-making body and reports to the General Meeting. The Board of Directors is responsible for the convention of General Meetings, the implementation of the resolutions of the General Meeting, and the formulation of annual financial budget, profit distribution plan, amendments to the Articles of Association, increase or decrease of the registered capital, the issue of bonds, and other authorities stipulated by the Articles of Association.
Currently, the Bank's Board of Directors is composed of 19 directors, including 3 executive directors, 9 non-executive directors and 7 independent non-executive directors. Mr. Jiang Chaoliang is the Chairman of the Board of Directors.
Under the Board of Directors there are 5 specialized committees, namely, the Strategy Committee, the Audit Committee, the Risk Management Committee, the Personnel and Remuneration Committee, and the Social Responsibility Committee.
The Board of Supervisors is the supervisory body of the Bank and reports to the Shareholders' General Meeting. Its responsibilities are to supervise the bank's financial status and the performance of responsibilities by directors, supervisors and senior executives, and to review the financial reports, profit distribution plan and other financial data submitted by the Board of Directors to the General Meeting.
Currently, the Board of Supervisors is composed of 12 supervisors. Mr. Hua Qingshan is the Chairman of the Board of Supervisors.
Under the Board of Supervisors there are 2 specialized committees, namely, the Nomination Committee and the Supervision Committee.
The Senior Management is the executive body of the Bank and reports to the Board of Directors. The senior management is composed of the President, Executive Vice Presidents, Secretary of Discipline Committee, Chief Finance Officer, Chief Information Officer and Chief Risk Officer. The Bank implements a President Responsibility System under the leadership of the Board of Directors. The President has the authority to organize and implement the operation and management activities according to the laws, regulations and the authorizations by the Articles of Association and the Board of Directors. His responsibilities are to organize the daily business operation and management, organize the implementation of the resolutions of the General Meeting and the Board of Directors, formulate the draft annual operation plan and investment plan, formulate the annual financial budget and financial statements, formulate the profit distribution plan or loss-compensation plan, and formulate the fundamental management rules and regulations.
The Bank's Senior Management is composed of 9 persons. Mr. Li Jun is the President.
There are 5 specialized committee under the Senior Management, namely, the Financial Examination Committee, the Credit Policy Committee, the Credit Approving Committee, the Assets Liabilities Management Committee, and the Risk Management Committee.
updated 28th August, 2008
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