The Board of Directors (BOD) is the highest body responsible for corporate strategy, operations management, and customer satisfaction. The BOD’s mission is to lead the company forward. It exercises decision-making authority for corporate strategy and operations management, and ensures the protection of customer and shareholder interests.
The main responsibilities of the BOD are to:
Currently, the BOD is comprised of 17 members, who were elected by the Commission and voted in by the Shareholders’ Meeting. In March 2018, the Commission and Shareholders’ Meeting elected a new Board of Directors that includes the Chairman, regular members, and alternate members. The BOD elected deputy chairs of the board and the members of its Executive Committee. In the event that there is a vacancy in the BOD, alternate members will take up the vacancy in a predetermined sequence.
Current board members include:
Alternate Directors include: Mr. Li Jianguo, Mr. Peng Bo, and Mr. Zhao Ming
In 2018, the BOD held ten meetings. At the meetings, the BOD reviewed and approved matters such as the company’s medium-to-long-term development plan, annual budget, annual audit report, corporate governance rules and regulations, annual profit distribution, capital increases, compliance oversight system, and cyber security.
The BOD has established the Executive Committee, which acts as the standing executive body of the BOD. Entrusted by the BOD, the Executive Committee examines and reflects on major issues within the company, decides on issues authorized by the BOD, and oversees their execution. In 2018, the Executive Committee held 12 meetings.
Members of the BOD Executive Committee include Mr. Guo Ping, Mr. Xu Zhijun, Mr. Hu Houkun, Ms. Meng Wanzhou, Mr. Ding Yun, Mr. Yu Chengdong, and Mr. Wang Tao.
The BOD and its Executive Committee are led by rotating chairs. During their terms, the rotating chairs will serve as the foremost leader of the company. Rotating chairs’ terms last six months at a time. The rotation schedule is as follows:
Mr. Xu Zhijun:
April 1, 2018 to September 30, 2018
October 1, 2019 to March 31, 2020
April 1, 2021 to September 30, 2021
October 1, 2022 to March 31, 2023
Mr. Guo Ping:
October 1, 2018 to March 31, 2019
April 1, 2020 to September 30, 2020
October 1, 2021 to March 31, 2022
Mr. Hu Houkun:
April 1, 2019 to September 30, 2019
October 1, 2020 to March 31, 2021
April 1, 2022 to September 30, 2022