Huawei 2011 Annual Report Download - page 77

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72
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■Reviewing capital operations and strategic cooperation
projects, submitting proposals to the BOD, and
periodically assessing the execution of such projects.
■Reviewing the company's risk management framework,
advising on trade compliance issues, and establishing a
business continuity management system.
The Finance Committee meets on a monthly basis
and convenes special sessions whenever needed.
Based on business needs and requests of the BOD, the
Finance Committee held 12 meetings in 2011. At the
meetings, the committee reviewed such items as the
company's medium-to-long-term business plan, annual
budgeting plan, operational management, capital
operations projects, the capital structure, enterprise
risk management, and subsidiary and joint venture
management. The Finance Committee discussed and
established relevant financial policies and systems,
reviewed and decided on relevant activities, and
monitored the execution of these activities.
The Finance Committee is comprised of 21 members,
including BOD members and financial experts. The
Chairman of the committee is Mr. Guo Ping. The
members include Mr. Xu Zhijun, Mr. Hu Houkun, Mr. Xu
Wenwei, Mr. Li Jie, Mr. Ding Yun, Ms. Meng Wanzhou,
Mr. Liang Hua, Mr. Wan Biao, Mr. Peng Zhiping, Mr.
Tian Feng, Mr. Fang Weiyi, Mr. Song Liuping, Mr. Yao
Fuhai, Mr. Jiang Xisheng, Mr. Li Jin'ge, Mr. Peng Qiu'en,
Mr. Yi Xiang, Mr. Yang Yuefeng, Mr. Qiao Nengdong,
and Ms. Zheng Liying.
Strategy & Development Committee
The Strategy & Development Committee (SDC)
considers, sets, and executes the company's strategic
directions. The SDC gains insight into major trends
concerning the industry, market, and customers; and
identifies opportunities and paths for the company's
development. Through macro-management of markets,
businesses, and technological development, the SDC
ensures that the company continues to make concerted
efforts to achieve effective growth.
The key roles and responsibilities of the SDC include:
■Managing the company's medium-to-long-term
strategic plan, signicant annual targets, and the top
priorities of the year.
■Managing the company's brand strategy, architecture,
and characteristics, as well as the publicity strategy
and direction of the company.
■Managing the company's strategy for strategic
partnerships and alliances, as well as the selection of
strategic partners and allies.
■Managing the company's business portfolios and
scope.
■Managing the company's pricing policies, commercial
authorization principles, and actual pricing of key
strategic products.
■Managing the company's medium-to-long-term
technology development plan, standards and patent
strategy, and major technology investments.
■Managing the company's medium-to-long-term
business transformation strategy, process and
management system structure, and quality policies.
■Reviewing the company's business portfolios
frequently to ensure investments are made in the
strategic domains.
The SDC started to convene officially in 2012. In 2011,
the Investment Review Board (IRB) was responsible for
the company's strategic planning, product investment
decisions, and other related matters. After the SDC is
established, the IRB will be dissolved at the corporate level.
However, each BG will set up its own IRB, which will be
responsible for product investment decisions and lifecycle
management within their operational authority.
The company's IRB meets on a monthly basis and
convenes special sessions whenever needed. At the
request of the IRB, business executives and field-specific
experts attended its meetings as non-voting participants.
The IRB, which held 12 meetings in 2011 in total, made
decisions on product investments based on customer
needs and promoted collaboration across Marketing,
R&D, Procurement Qualification, Supply Chain, Sales,
Service, and other departments to have these decisions
implemented under the guidance of the overall strategic
direction formulated by the BOD. In addition, the IRB
discussed related business strategies, reviewed decisions,
oversaw their fulllment, and released relevant regulations.
The SDC is comprised of 23 members, including BOD
members, senior business executives, and field-specific
senior experts. The Chairman of the SDC is Mr. Xu Zhijun.
The members include Mr. Guo Ping, Mr. Hu Houkun, Mr.
Xu Wenwei, Mr. Li Jie, Mr. Ding Yun, Ms. Meng Wanzhou,
Mr. Hou Jinlong, Mr. Zhang Ping'an, Mr. Li Yingtao, Mr. He
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