China Industrial and Commercial Bank was established in June 1984+ 10/0/. The head office is located at 55 Fuxingmennei Street, Beijing. It is a large state-owned bank managed by the central government and a national deputy ministerial unit. The basic task of ICBC is to raise social funds through domestic and foreign financing activities, strengthen the management of credit funds, support enterprise production and technological transformation, and serve China's economic construction in accordance with national laws and regulations.
1, Industrial and Commercial Bank of China
20 17 February, brand finance released the 20 17 list of the top 500 global brands, and ICBC ranked it as 10. On June 20th, 20 18, the analysis report of China's 500 most valuable brands was released, and ICBC ranked fourth. British Banker magazine published the list of the top global banks in 20 1000 in 2008, and China Industrial and Commercial Bank ranked first. 20 18 ranked 26th in the Fortune Global 500. The list of 20 18 Top 500 World Brands compiled by the World Brand Lab was announced, and China Industrial and Commercial Bank ranked 43rd. Eight banks, including ICBC, launched the first batch of enterprise information networking verification systems.
2. Governance structure:
According to the requirements of People's Republic of China (PRC) Company Law, People's Republic of China (PRC) Securities Law and other relevant laws and regulations, China Industrial and Commercial Bank has established a governance structure consisting of shareholders' meeting and board of directors. The Board of Supervisors and senior managers of ICBC have formed a working mechanism in which power mechanism, decision-making body, supervision body and senior managers perform their respective duties, coordinate with each other and check and balance effectively. The Board of Directors has five special committees, including the Strategy Committee, the Audit Committee, the Nomination and Remuneration Committee, the Risk Management Committee and the Related Party Transaction Control Committee. The Board of Supervisors has a Board of Supervisors. In order to further improve the corporate governance structure, the company formulated the authorization scheme of the shareholders' meeting to the board of directors and the authorization scheme of the board of directors to the president, and adjusted the responsibilities and membership structure of the special committees. The Board of Directors has set up a committee to implement the system of chief risk officer, plan stock appreciation rights by electing employee supervisors, establish and improve the company's incentive mechanism, actively explore and strengthen communication and strategic cooperation with domestic and foreign investors, and continuously improve the corporate governance level.
3. ICBC always regards corporate governance as the basic project to enhance its core competitiveness.
Focusing on the business objectives of sustained growth of enterprise value and excellent returns to shareholders, China Industrial and Commercial Bank actively draws lessons from international leading corporate governance practices and principles to build and improve a modern corporate governance structure composed of shareholders' meeting and board of directors. Directors, supervisors and senior managers should revise and improve corporate governance rules and regulations such as the Articles of Association of Industrial and Commercial Bank of China Co., Ltd., continuously improve the independence and operational efficiency of the board of directors, and form a structure and operational mechanism with clear rights and responsibilities among institutional authorities, decision-making bodies, supervisory bodies and executive bodies, with their respective functions, mutual coordination and effective checks and balances. By the end of the reporting period, the Board of Directors of the Bank had 65,438+05 directors, including 3 executive directors, 6 non-executive directors and 6 independent directors. The Board of Supervisors has 6 supervisors, including 2 shareholder representative supervisors, 2 external supervisors and 2 employee supervisors.