Huawei 2012 Annual Report Download - page 102

Download and view the complete annual report

Please find page 102 of the 2012 Huawei annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 122

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122

99 Corporate Governance Report
Independent Auditor
An independent auditor is responsible for auditing
a company’s annual financial statements. In
accordance with applicable accounting standards
and audit procedures, the independent auditor
expresses an opinion as to whether the financial
statements are true and fair.
The scope of the financial audit and the annual
audit results are subject to review by the Audit
Committee. Any relationship or service that may
potentially affect the objectivity and independence
of the independent auditor can be discussed with
the Audit Committee. The independent auditor
may discuss any issues identified or any difficulties
encountered during the course of the financial
audits with the Audit Committee.
KPMG has been Huawei’s independent auditor
since 2000.
Business Structure
The company has established three BGs: the Carrier
Network BG, the Enterprise BG, and the Consumer
BG. Each BG is a responsibility center for the end-
to-end operations in a particular customer domain.
BGs are the main driving force behind Huawei’s
operations. Each BG is responsible for ensuring
effective growth and improving efficiency for the
company as well as achieving business objectives
and ensuring customer satisfaction for its business
domain.
Each BG has established an executive management
team (EMT) to manage its operations. The CEO of
each BG is also the head of that BG’s EMT.
The CEO of the Carrier Network BG is Mr. Ding
Yun.
The CEO of the Enterprise BG is Mr. Xu Wenwei.
The CEO of the Consumer BG is Mr. Yu
Chengdong.
Service BGs (SBGs) are responsibility centers that
provide end-to-end support and services for BGs.
SBGs shall continuously increase efficiency and
reduce operating costs. Huawei has established five
SBGs: the 2012 Laboratories, Integrated Business
Services (IBS), Manufacturing, Huawei University,
and Huawei Internal Services. The President
of the 2012 Laboratories is Mr. Li Yingtao; the
President of IBS is Mr. Peng Zhiping; the President
of Manufacturing is Mr. Li Jianguo; the President
of Huawei Internal Services is Mr. Ren Shulu.
The Group Functions provide BGs with support,
services, and supervision. They are positioned
to offer accurate, timely, and effective services
to field offices and strengthen supervision while
delegating sufficient authority to field offices.
Acting as the company’s special commissioner, the
Joint Committee of Regions (JCR), under the Group
Functions, coordinates and monitors authority, and
manages managers on behalf of the Company. The
JCR organizes the development of the company’s
regional strategies worldwide and supervises
their execution. The JCR also manages regional
platform building and organizational operations.
The President of the JCR is Mr. Li Jie.
The Financial Investment Management Platform is
responsible for the profits and losses of financial
investments. This platform oversees finance and
business operations.
Continuous Improvement of Management
Systems
Huawei established global management systems
to promote and pass down our corporate culture