2019 Annual Report (^147)
Board of Directors
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 customer and
shareholder interests are protected.
The main responsibilities of the BOD are to:
■ Develop proposals for corporate governance.
■ Review proposals to increase or decrease the
company’s registered capital, as well as proposals
related to profit distribution and loss recovery.
■ Review the company’s stock options plan and other
long-term incentive plans.
■ Review or approve plans for entering and exiting
different industry sectors, and approve the
company’s strategic plan.
■ Approve major organizational restructuring,
management system development, and business
transformation.
■ Approve major financial policies, financial plans,
and business transactions.
■ Approve the company’s annual budget proposal,
annual operations report, and annual audit report.
■ Approve the appointment/removal, compensation,
and long-term incentives of senior management.
■ Approve major HR policies and plans at the
corporate level.
■ Approve proposals for managing major risks and
crises, and manage major emergencies.
■ Approve the development of internal controls and
compliance systems.
In 2019, the BOD held nine meetings. At the meetings,
the BOD reviewed and approved matters such as the
company’s medium-to-long-term strategic plan, as well
as the company’s annual business plan, audit report,
profit distribution, capital increases, bond issuance,
and syndicated loans.
Currently, the BOD is comprised of 17 members, who
were elected by the Commission and voted in by the
Shareholders’ Meeting.
Current board members include:
■ Chairman: Mr. Liang Hua
■ Deputy Chairs: Mr. Guo Ping, Mr. Xu Zhijun,
Mr. Hu Houkun, and Ms. Meng
Wanzhou
■ Executive
Directors:
Mr. Ding Yun, Mr. Yu Chengdong,
and Mr. Wang Tao
■ Directors: Mr. Xu Wenwei, Ms. Chen Lifang,
Mr. Peng Zhongyang, Ms. He
Tingbo, Mr. Li Yingtao, Mr. Ren
Zhengfei, Mr. Yao Fuhai, Mr. Tao
Jingwen, and Mr. Yan Lida
Alternate directors include Mr. Li Jianguo, Mr. Peng
Bo, and Mr. Zhao Ming. In the event that there is a
vacancy in the BOD, alternate directors will take up
the vacancy in a predetermined sequence.
From the left in the first row: Ms. Meng Wanzhou, Mr. Hu Houkun, Mr. Guo Ping, Mr. Xu Zhijun, Mr. Liang Hua
From the left in the second row: Ms. He Tingbo, Mr. Xu Wenwei, Mr. Yan Lida, Mr. Ding Yun, Mr. Ren Zhengfei, Mr. Tao Jingwen, Mr. Li
Yingtao, Mr. Wang Tao, Mr. Peng Zhongyang, Mr. Yu Chengdong, Ms. Chen Lifang, and Mr. Yao Fuhai
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