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ICBC was named "best corporate governance listing
Published:11/30/2015 5:16:57 PMViews: 514
Reporters from the industrial and Commercial Bank of China was informed that recently announced in Hong Kong of the Fifth China Securities "Golden Bauhinia Award" selection activities, industrial and Commercial Bank of China with in the field of Corporate Governance Excellence and exemplary role in the industry, has been named the "best corporate governance in listed company" award.
According to reports, its shares were listed, the industrial and Commercial Bank of China in accordance with the requirements of modern enterprise system, continued to optimize modern corporate governance structure, corporation governance and risk management level, to promote continuous improvement.
In terms of corporate governance structure and mechanism, ICBC built in general meeting of shareholders, board of directors, board of supervisors and the senior management as the main body of the "clear responsibilities, duties, coordinate with each other, effective checks and balances" corporate governance structure, and through the development and constantly revised to improve the company's articles of association, authorization schemes such as corporate governance system, clear the functions and powers of the management of the main body, Decision Sciences, effective supervision, sound operation "corporate governance mechanism is established. In the aspects of risk management and internal control, the construction of a comprehensive risk management system, the risk management strategy, risk management policies, risk appetite and risk management, internal control process, etc.. In the information disclosure and shareholder interest maintenance, the ICBC insists on the investors' needs as the guidance, continue to promote the voluntary disclosure of information, and continuously improve the transparency of the company, and safeguard the legitimate rights and interests of all shareholders. At the same time, strengthen the protection of small investors, the board of directors of independent directors accounted for more than 1/3, the structure of the design is conducive to protect the interests of small investors. The bank in improving business performance, while the annual net profit of 35% to 60% to distribute cash dividends to shareholders, to create a sustainable return on investment.