Huawei 2014 Annual Report Download - page 111

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109Corporate Governance Report
ensure closed-loop management of corporate-level
planning, budgeting, accounting, and assessment.
■ Review the capital structure plan; and propose major
financing activities, the asset structure, and profit
distribution.
■ Review the company's key financial policies, annual
financial statements, and related information
disclosures.
■ Review capital investment and strategic cooperation
projects, submit proposals to the BOD, and
periodically assess the execution of such projects.
■ Review the company's risk management framework,
and provide advice on operational compliance and
business continuity management.
The FC holds monthly meetings and convenes special
sessions as necessary. Based on business needs and
BOD's requirements, the FC held 13 meetings in 2014.
At the meetings, the FC reviewed such key items
as the company's medium-to-long-term development
plan, annual budget plan, operational management,
capital investment projects, capital structure, enterprise
risk management, and subsidiary and joint venture
management. The FC then discussed and established
financial policies and systems, reviewed and decided on
key initiatives, and monitored their execution.
The FC comprises 15 members, including BOD members
and various experts.
■ Chairman: Mr. Guo Ping.
■ Members: Mr. Xu Zhijun, Mr. Hu Houkun, Mr.
Xu Wenwei, Mr. Li Jie, Mr. Ding Yun, Ms. Meng
Wanzhou, Mr. Liang Hua, Mr. Yi Xiang, Mr. Fang
Weiyi, Mr. Zou Zhilei, Mr. Yao Fuhai, Mr. Xiong
Lening, Mr. Song Liuping, and Mr. Peng Qiu'en.
Strategy & Development Committee
The Strategy & Development Committee (SDC)
develops, sets, and executes the company's strategic
directions. The SDC gains insight into major industry
and technological trends, and changes in customer
needs; and identifies opportunities and paths for the
company's development. Through macro-management
of industrial investments, technologies, business models,
and transformations, the SDC ensures that concerted
efforts are made to maintain the company's effective
growth.
The main responsibilities of the SDC are to:
■ Manage the company's medium-to-long-term
strategic planning, key initiatives, and major
objectives of the year.
■ Manage the company's brand strategy, brand
architecture, and brand attributes, as well as
publicity strategy and direction.
■ Manage the company's strategy for strategic
partnerships and alliances, as well as the selection
of strategic partners and alliances.
■ Manage the company's business portfolios and
scope.
■ Manage the company's pricing policies, commercial
authorization principles, and actual pricing of key
strategic products.
■ Manage the company's medium-to-long-term
technology development planning, standards and
patent strategy, and major technology investments.
■ Manage the company's medium-to-long-term
business transformation strategy, process and
management system structures, quality policies, etc.
■ Review the company's business portfolios to ensure
investments are made in strategic domains.