Committed to improving the shareholders’ investment return, Industrial Bank also attaches much importance to its steady and sustainable development, safeguards the interests of its stakeholders and fulfills its social responsibilities by means of market-oriented activities. The shareholder structure of the Bank is diversified, sound in proportion, complementary and harmonious; the division of functions among the General Shareholders' Meeting, Board of Directors, Board of Supervisors and senior management is clear, featuring both mutual restriction and organic cohesion. The basic systems of corporate governance are both comprehensive and systematic, and the operation of all levels in corporate governance is in conformity with set standards.
I.Shareholders and General Shareholders' Meetings
The largest shareholder of the Bank is the Finance Bureau of Fujian Province. The General Shareholders' Meetings represents an authoritative organ of the Bank. The system of General Shareholders' Meetings enhances effective communication between the Bank and its shareholders, and ensures shareholders’ right of knowing, participating and voting.
II.Directors and Board of Directors
The Board of Directors is the decision-making organ of the Bank. It features standardized operation and highly rational decision-making. The successive optimization of the geographical layout, professions and ages of Board members represents an essential foundation on which the rational and efficient decision-making of the Board is based. Currently, there are 13 members in the Board of Directors, including 3 executive directors and 10 non-executive directors (including 5 independent non-executive director). There are 5 committees under the Board of Directors, i.e. Strategy Committee, Risk Management Committee, Audit and Related Party Transaction Control Committee, Nomination Committee, and Remuneration and Examination Committee. Chairmen of the latter four committees are independent directors, and the number of independent directors exceeds half of the total number of committee members in the latter three.
III. Supervisors and Board of Supervisors
The Board of Supervisors is the supervision organ of the Bank. There are 8 supervisors in the Board of Supervisors, including 2 equity supervisors, 3 employee supervisors and 3 external supervisor. There are 2 special committees under the Board of Supervisors, i.e. Supervision Committee and Nomination, Remuneration and Examination Committee.
IV. Senior Management
The senior management is the executive organ of the Bank, and is accountable to the Board of Directors. There are 4 senior management personnel in the Bank, including 1 President and 3 Vice Presidents. There are 10 committees under the senior management, i.e. Franchise Management Committee, Assets & Liabilities Management Committee, Risk Management Committee, Credit Approval Committee, Internal Control Committee, Credit Accountability Committee, Major Purchases Committee, Business Continuity Management Committee, Internal Accountability Committee and Community Bank Committee, the credit card business management committee and the special asset management committee.TOP