In a report on the Top 100 Chinese listed companies in terms of corporate governance in 2010 published on May 19, 2010 by Protiviti and the Center for Corporate Governance of IWEP, the Industrial Bank (IB) ranked fourth among 100 listed companies in terms of corporate governance. This is the second consecutive year that IB has been listed among the top 10.
IB has continued to enhance its corporate governance in recent years following its successful IPO. It has guided the transformation of its corporate governance targets from “maximization of shareholder interests” to “full consideration of the interest of multiple stakeholders”. In this process, the bank has established the governance concept of sustainable development. Under the guidance of this concept, the bank has actively advocated energy conservation and environmental protection, and has developed “green finance”. It was the first bank in China to launch energy-saving and emissions-reducing loans and commitment to the Equator Principles. The bank has been active in fulfilling its social responsibilities through commercial activities. As a result, a sustainable mode in which multiple stakeholders exit in harmony has been established.
In addition, the Industrial Bank has continued to improve its corporate governance systems and mechanisms, and has persisted in optimizing the professional structure and regional structure of its BOD members. The bank has brought the core decision-making function of its Board of Directors into full play, enhanced the rationality of BOD decisions, strengthened the roles of BOD in instruction, supervision, inspection and guidance during strategy implementation, and enhanced execution in corporate governance. It has done this by strengthening the overall planning of BOD affairs, enhancing information channels between the BOD and the management, establishing feedback mechanisms for the execution of BOD resolutions, and by conducting site visits and investigations.
Under the guidance of the rational decision making of the BOD in recent years, IB has seized on several major development opportunities and successfully avoided large risks. Its main financial indicators and risk indicators top the banking industry, and its market position and brand image are developing on a steady basis. From 2001, when the Banker first listed IB in the top 1000 global banks, its ranking has risen steadily. In the latest rankings published for 2009, in terms of tier 1 capital, IB ranked 117th , up 451 places over 2001. In terms of total assets, the Bank ranked 108th , up 305 places over 2001. In the rankings of the Top 2000 Global Listed Companies 2010 published by Forbes in April this year, IB climbed up to 245th place, representing a climb of 144 places.