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 2024, IB conducted 533 training sessions on anti-corruption policies, with the participation of more than 204,000 persons/times, the coverage rate was 100%.
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
◆ The Board of Directors of the Bank is responsible for reviewing and approving the Bank’s compliance policies, supervising their implementation, and conducting regular research and evaluation on the soundness, rationality and effectiveness of internal control. The senior management supervises the internal control of compliance risk, implements relevant requirements for anti-money laundering and anti-terrorist financing, and urges timely remediation of problems in business decision-making, risk management and internal control. In December 2024, the Bank prepared the 2024 Annual Compliance and Internal Control Management Work Report and presented it at the fifth meeting of the 11th Board of Directors.
◆ The Bank continued to strengthen integrity discipline supervision, comprehensively utilized the four forms of discipline compliance supervision, strictly abode by rules, discipline and laws, firmly and prudently investigated and handled cases of violations of discipline and law, and continuously strengthened self-building. It implemented plans, put ideas into practice, systematized fragments, institutionalized experience, and improved the effectiveness of policies, thereby providing strong support for high-quality development. The Bank stepped up integrity risk supervision with respect to the “key few” and key areas, properly integrated integrity risk prevention into internal governance, developed the inspection and remediation supervision system, strengthened big data and technological means to assist in case handling, continuously refined the supervision mechanism and supervision policy system, strengthened the comprehensive business training of discipline inspection officials, and enhanced their duty performance.