Board of Directors
Board of Directors
Board of Directors
Composition and Responsibilities of the Board of Directors
The Board of Directors is the decision-making body of the Bank. Currently the Board of Directors consists of ten members, including three executive directors, namely, Ms. Li Qingping (Chairperson), Mr. Fang Heying (President) and Mr. Guo Danghuai (Vice President); three non-executive directors, namely, Mr. Cao Guoqiang, Ms. Huang Fang and Mr. Wan Liming; and four independent non-executive directors, namely, Mr. He Cao, Ms. Chen Lihua, Mr. Qian Jun and Mr. Yan Lap Kei Isaac.
Specialized Committees under the Board of Directors
There are five specialized committees under the Board of Directors, namely the Strategic Development Committee, the Risk Management Committee, the Audit and Related Party Transactions Control Committee, the Nomination and Remuneration Committee and the Consumer Rights Protection Committee.
Strategic Development Committee
The Bank's Strategic Development Committee consists of 4 directors, with executive director Ms. Li Qingping as chairperson, and Mr. Cao Guoqiang, Mr. Fang Heying and Mr. Qian Jun as members. Its principal responsibilities include: to research and review the Bank's business targets and long-term development strategies, business and organizational development plans, major investment and finance plans as well as other important matters that would affect the Bank's development, to supervise and inspect implementation of the Bank's annual business plans and investment programs as authorized by the Board of Directors, and to put forward recommendations thereof to the board.
Risk Management Committee
The Bank's Risk Management Committee is comprised of four directors with Mr. Fang Heying as chairman, and Mr. Guo Danghuai, Mr. Qian Jun as well as Mr. Yan Lap Kei Isaac as members. The committee is mainly responsible for supervising the senior management's control of credit risk, liquidity risk, market risk, operational risk, compliance risk and reputation risk, carrying out regular assessment of the Bank's risk preference, credit grant policy, liquidity risk management policy, market risk management policy, operational risk management policy, compliance risk management policy, reputation risk management policy, lawfulness and compliance of business operation, management profile and risk resilience, putting forward recommendations to the Board of Directors on how to improve risk management and internal control of the Bank, managing money laundering risk of the Bank, guiding the Bank to perform its anti-money laundering duties and obligations, examining the overall situation of money laundering risk and reporting to the Board of Directors, putting forward suggestions on major matters of anti-money laundering, convening special meetings of the Committee on a regular basis to review important matters of anti-money laundering risk management, as well as deliberating proposals on risk management that are submitted to the Board of Directors for review and put forward relevant recommendations to the Board of Directors in accordance with the Bank's overall strategy.
Audit and Related Party Transactions Control Committee
The Bank's Audit and Related Party Transactions Control Committee is comprised of three directors, with independent non-executive director Mr. Yan Lap Kei Isaac as chairman, and Mr. He Cao as well as Mr. Qian Jun as committee members. The principal responsibilities of the Audit and Related Party Transactions Control Committee include supervising the Bank's internal control, financial information and internal audit, identifying related parties of the Bank, as well as reviewing and filing the Bank's related party transactions within its authorized mandate.
Nomination and Remuneration Committee
The Bank's Nomination and Remuneration Committee consists of three directors, with independent non-executive director Mr. Qian Jun as chairman, and Ms. Huang Fang as well as Mr. Yan Lap Kei Isaac as members. Principal responsibilities of the Nomination and Remuneration Committee include assisting the Board of Directors in formulating procedures and standards on nomination of candidates for directorship and senior management membership, drafting remuneration schemes, performance evaluation rules and incentives programs for directors, supervisors and senior management members, and raising recommendations thereof to the Board of Directors.
Consumer Rights Protection Committee
The Bank's Consumer Rights Protection Committee consists of three directors, with non-executive director Ms. Huang Fang as chairperson, and Mr. He Cao as well as Ms. Chen Lihua as members. Principal responsibilities of the Consumer Rights Protection Committee include formulating the Bank's strategies, policies and objectives of consumer protection, urging the senior management to effectively implement relevant work of consumer protection, supervising and assessing the Bank's consumer protection work regarding its comprehensiveness, timeliness and effectiveness, and the senior management's performance of duties, and advising the board.