IB’s corporate culture
In 2006, the Industrial Bank (IB) issued a Cultural Program of Industrial Bank to build its cultural system. With the corporate vision of “first-class bank, century-old industry” and the corporate mission of “sincere service and common development”, IB always adheres to the core values of “rationality, innovation, people-oriented practice and shared benefits”, inherits the corporate spirit of “pragmatism, dedication, start-up and team work”, strives to build a cultural brand with industrial characteristics, practices the initial mission of “exploring ways for reform and opening up and making more contributions to the economic development”, and makes its due contributions to the promotion of high-quality development.
IB’s policy of anti-corruption
The Industrial Bank (IB) has been adhering to strict governance in an all-round way, built a supervision system that integrates stationed supervision, supervisory supervision, supervision through patrol inspection and auditing supervision, and continued to improve the integrity risk prevention and internal governance system in strict accordance with such national laws and regulations as the Criminal Law of the People’s Republic of China, the Supervision Law of the People’s Republic of China, the Regulations on the Implementation of the Supervision Law of the People’s Republic of China, who actively cultivated a clean financial culture. IB holds a special meeting every six months to hear reports on strict governance of the CPC and build a clean and integrity governance and anti-corruption work. Institutions at all levels of the Bank have set up their disciplinary inspection departments respectively to keep a close eye on the integrity risks of “key minorities” and key areas, and organically integrated the integrity risk prevention into the internal governance.
The Industrial Bank (IB) has continued to promote the implementation of rules and regulations such as the Manual of the Industrial Bank on Employees’ Compliance, the Measures of the Industrial Bank on the Management of Employees’ Abnormal Trading Behaviors, the Thirteen Prohibitions of Industrial Bank on Employees’ Behaviors, the Measures of the Industrial Bank on the Prevention of Corruption Cases and the List of Major Negative Behaviors of important posts, and explicitly prohibited employees from asking for and accepting bribes or accepting rebates in various names in violation of national regulations, as well as offering bribes or participating in benefit transmission and insider trading. In 2021, IB carried out 394 training on anti-corruption policy, covering employees at the 43,000 persons/times throughout the Bank.
In 2022, IB officially issued the Work Plan for the Construction of“Clean IB”Culture (2022-2024), which clearly defined the objectives of building a clean governance culture, and organized the event of clean financial culture promotion month. Through various means such as organizing its employees to attend integrity “micro-video Party classes”, visit integrity education bases, watch educational documentaries and write calligraphic works on clean governance, IB stimulated employees’ internal driving force for clean governance, reminding them of anti-corruption awareness in an integrated manner, and thus to create a positive environment for the Bank in clean governance. In 2022, IB conducted 504 training sessions on anti-corruption policies, with the participation of more than 201,200 persons/times.
Key Points of IB’s Anti-bribery and Anti-corruption System
The code of ethics
The Industrial Bank (IB) has formulated the Code of the Industrial Bank on Professional Ethics of Directors, Supervisors and Senior Executives to strictly regulate the professional ethics of its directors, supervisors and senior managers.
IB has made the professional integrity and code of conduct of employees an important part of its human resources management and has issued a number of systems, such as the Measures of the Industrial Bank on the Management of Staff Recruitment, Measures of the Industrial Bank on the Management of Labor Dispatch Employment, Measures of the Industrial Bank on the Management of Outsourced Personnel-related Risks, Guidelines of the Industrial Bank on Job Specifications for Employees’ Life-Cycle Management and Measures of the Industrial Bank on the Management of Employees’ Abnormal Behaviors, to strictly control the admission of employees and strengthen staff management.IB has conducted an audit survey on the management of abnormal behavior of employees to evaluate the control of moral hazard of employees.
Strengthening Professional Ethics of Employees
◆ IB has formulated and issued the Thirteen Prohibitions of the Industrial Bank on Employee Conducts. IB sorts out and analyzes financial cases and risk events in the banking industry, explains thirteen types of strictly prohibited conducts of employees from the legal perspective, involving the prohibitions against violations of laws and regulations such as employees’ engagement in bribery, insider trading, tunneling, illegal fund-raising or running of businesses, and clarifies the “red line” that employees are explicitly prohibited to cross.
◆ IB has organized all employees (including labor dispatching personnel) to sign the Commitment Letter of Knowing the Prohibitions. IB requires all employees to be familiar with and abide by the prohibitions, and ensures that 100% of new employees sign the Commitment Letter of Knowing the Prohibitions and file it as part of the employment contract materials when they are enrolled.
◆ IB has continuously carried out various learning activities for the publicity and implementation of the prohibitions. IB organizes every employee across the whole Bank (including labor dispatching personnel) to receive at least one prohibition warning education in various forms every year, including special training and study, organizing examinations, posting the prohibitions and printing manuals, etc., so as to urge employees across the whole Bank to deeply understand the connotation, significance and requirements of the prohibitions, fully realize the harm and consequences of various violations of laws and regulations and firmly build employees’ awareness of compliance and trustworthiness.
Strengthening the Construction of Corporate Compliance and Integrity Culture
◆ IB has carried out series of “IB Voyage for Operation with Law” training activities for compliance. Every year, its Head Office coordinates and formulates the implementation scheme of the activities. Centering on the gist of important meetings of the CPC Central Committee and the State Council, IB takes the key areas of concern and governance of the financial regulatory authorities and its pain points and difficulties in the operation and management as the main content of the activities, and incorporates the education of employees in professional ethics and integrity into the annual key tasks, so as to achieve the full coverage of all institutions and personnel across the whole Bank, deeply promote professional ethics and values of honesty and integrity, and comprehensively enhance employees’ awareness of the compliance culture across the Group.
◆ IB has conducted various training activities for employees in business ethics. Taking the “IB Voyage for Operation with Law” activity as a platform, IB continues to carry out such activities as the special training on compliance, top leader talks about compliance, the implementation of compliance at grassroots and the visit to warning education bases, so as to strengthen the cultivation and education of employee ethics and build a solid foundation for the compliance concept of “all employees actively complying with the law and regulations and the compliance creating values”. In addition, IB has issued the Guidelines for Compliance and Internal Control Work of Persons in Charge of Basic-level Operational Institutions of the Industrial Bank to direct its grassroots leaders to organize all employees of the institutions to carry out professional ethics education and warning study on a quarterly basis, so as to cultivate employees’ awareness of law-abiding and compliance management.
◆ IB has constructed a well-organized employee management system. IB has released the Measures of the Industrial Bank on the Systematic Management of Employee Conducts. Through online smart tools and offline unit management, IB subdivides the management units of employee conducts, refines and implements management responsibilities and strengthens compliance incentives and constraints, so as to improve the refinement of employee conduct management and ensure the stable and compliant operation and cover all the management objects including employees with formal employment contracts and those employed in the labor dispatching form. Meanwhile, IB’s institutions at all levels actively implement the requirements for systematic employee management, adhere to the principle of “everyone being responsible and fulfilling the responsibilities”, and continue to guide all employees to establish the ideology of “loving work and being devoted to it” and “consciously implementing the norms and strengthening self-discipline and heteronomy” through such measures as the management of job performance, daily observation, heart-to-heart talks, home visits, compliance education and case warnings.