1. The major shareholder has strong strength and outstanding reputation, and has a deep understanding and understanding of the trust industry.
Baosteel Group Co., Ltd., the main shareholder of Warburg Trust Company, is a super-large state-owned enterprise, belonging to the world's top 500 enterprises. Strong strength and outstanding reputation. It not only has outstanding achievements in the steel industry, but also attaches great importance to the standardized development of its financial industry, and has a profound understanding and high vision for the trust industry. As a shareholder of financial institutions, Baosteel Group not only earnestly exercises its shareholder rights, but also responsibly fulfills its shareholder obligations. The normative consciousness of the major shareholders of Huabao Trust Company is an important basis for Huabao to realize scientific governance and sustainable good operation. 2. The trust principle is fully reflected in the Articles of Association (1). The company's articles of association clearly stipulate that "the company's business purpose is to standardize operations and scientific management according to law, and safeguard the legitimate rights and interests of Huabao, shareholders, creditors and trust parties; In accordance with the principles of good faith, prudence and effectiveness, abide by the provisions of trust documents, and handle trust affairs for the best legitimate interests of beneficiaries ";
(2) The articles of association clearly stipulate the accountability system. As early as 1998, the articles of association of Warburg Trust Company clearly stipulated: "Shareholders can sue the company according to the articles of association; A company may sue shareholders, directors, supervisors and managers according to its articles of association; Shareholders can sue shareholders in accordance with the articles of association, and shareholders can sue directors, supervisors and managers of the company in accordance with the articles of association. "
Warburg Trust Company's Articles of Association also includes a special chapter, which specifies the company's internal management system and risk control system in detail.
3. The board of directors and the board of supervisors operate in a standardized and efficient manner, and an independent director system has been established.
The construction of corporate governance structure of Huabao Trust Company focuses on strengthening the functions of the board of directors, and has established a standardized and efficient governance and decision-making mechanism. There are three special committees under the Board of Directors: Audit Committee, Risk Management Committee and Personnel Compensation Committee, which perform the special management functions of the Board of Directors.
The board of directors of Warburg Trust Company has also established an independent director system.
Mr. Wang Lianzhou, an independent director of the company, worked in the Financial and Economic Committee of the National People's Congress, served as the head of the drafting working group of the Securities Law, the Trust Law and the Securities Investment Fund Law, and is currently the president of the Trust and Fund Research Institute of China Renmin University, with rich financial professional experience and good social reputation; Since April 2005, he has served as an independent director of Huabao Trust Company. Since taking office, Mr. Wang Lianzhou has attended all board meetings of Huabao Trust Company in strict accordance with relevant laws, regulations and articles of association, presided over the meetings of risk management committee and audit committee in 2005 and mid-2006, earnestly performed his duties, and expressed his opinions objectively and fairly on major issues of Huabao Trust Company, which played a positive role in the scientific and objective decision-making of the board of directors of Huabao Trust Company and the healthy development of Huabao.
4. The management consists of an investment decision-making committee and a compliance risk review committee, with investment decision-making and risk prevention in parallel.
The management of Warburg Trust Company consists of investment decision-making committee and compliance risk review committee. The Investment Decision Committee is responsible for important investment decisions within the authority of the company's managers, and the Compliance Risk Review Committee is responsible for compliance issues in decision-making and operation. The compliance risk review committee may reject the investment projects adopted by the investment decision-making committee based on compliance. The two committees complement and restrict each other, and investment decision-making and risk prevention go hand in hand.