Recently, the "Top Listed Companies in China 100 in 2009" sponsored and held by Buffett magazine was awarded in Beijing, and Bank of China was awarded "Top Listed Companies in China 100" for its good corporate governance.
The award of "Top Listed Companies in China 100" coincides with the deep depression of the A-share market. Hu Zuliu, a famous economist, sent many short messages to the winners here. Considering the "symptoms" of the current instability of the China stock market, he put forward four foundations for restoring health: first, good economic fundamentals; Second, excellent quality of listed companies; Third, more mature investors; Fourth, effective supervision, especially to further improve the stock market system. When analyzing the reasons for the recent sharp drop in the A-share market, Hu Zuliu believes that the main reasons are that the impact of the economic crisis has not completely receded, China investors are sensitive to policies and the previous point has risen too high, and the stock index decline is not caused by stock index futures and margin financing and securities lending.
Bank of China has established a modern joint-stock company governance structure consisting of shareholders' meeting, board of directors, board of supervisors and senior management, and has continuously improved its corporate governance level.
The shareholders' meeting is the authority of the Bank of China. China Bank has established effective communication channels with shareholders to ensure that all shareholders enjoy equal status and enjoy the right to know, participate and vote on major issues of the bank.
The Board of Directors is the decision-making body of Bank of China and is responsible for the shareholders' meeting. The main responsibilities include formulating the strategic policy and business plan of Bank of China, examining and approving major plans such as annual financial budget and profit distribution, appointing members of professional committees and senior managers, examining and approving the basic management system of Bank of China, listening to the work report of senior management and inspecting the work of senior management. At present, the Board of Directors consists of 65,438+05 members, including 4 independent non-executive directors, 7 non-executive directors and 3 executive directors.
The Board of Supervisors is the supervisory body of China Bank and is responsible for the shareholders' meeting. According to the Company Law and Articles of Association, the Board of Supervisors is responsible for supervising the finance of Bank of China and the legality and compliance of the board of directors and senior management in performing their duties. The Board of Supervisors of Bank of China currently has 7 supervisors, including 3 shareholder representative supervisors, 2 employee representative supervisors and 2 external supervisors.
The senior management is the executive body of Bank of China and is responsible to the board of directors. The senior management is represented by the president, and senior management personnel such as the vice president assist the president in his work. The president's main responsibilities include presiding over the daily administrative, business and financial management of China Bank, organizing the implementation of the resolutions of the board of directors, drawing up the business plan and investment plan of China Bank, drawing up the basic management system and specific rules of China Bank, nominating other senior managers, and drawing up the salary, benefits and reward and punishment plan of China Bank.