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85 Corporate Governance Report
Board of Directors and Committees
The Board of Directors (BOD) is the decision-
making body for corporate strategy and
management. The BOD guides and oversees the
overall business operations and makes decisions
on significant strategic issues. The BOD has
established the Human Resources Committee, the
Finance Committee, the Strategy & Development
Committee, and the Audit Committee to assist and
support BOD operations.
The key roles and responsibilities of the BOD
include:
Deciding on the company’s strategic directions;
approving its medium-to-long-term business
plan; monitoring the execution of the plan.
Providing advice and guidance to management
regarding significant issues, including major
risks and market changes.
Reviewing the company’s business operations,
organization, and processes; approving
major organizational restructurings, business
transformations, and process transformations.
Approving the company’s major financial
policies, financial arrangements, and business
transactions.
Approving the company’s operational and
financial results; approving the company’s
financial statements.
Establishing the company’s monitoring
mechanisms and overseeing their execution.
Establishing the company’s governance
structure and organizing its optimization and
deployment.
Deciding on the selection, appraisal, and
compensation of the Chief Executive Officer;
approving the appointment and compensation
of other members of senior management.
Approving the corporate-level HR planning and
major HR policies.
In 2012, the BOD held 12 meetings. Throughout
the year, the BOD reviewed and approved the
company’s medium-to-long-term business plan,
the annual business plan and budget, quarterly
operational performance reports, corporate
governance structure and organization building,
business ecosystem building, appointments and
compensation policies for senior management, and
other major HR and financial policies and activities.
The BOD is comprised of 13 members, who were
elected by all the Representatives. The members
of the BOD are Chairwoman Ms. Sun Yafang;
Deputy Chairmen Mr. Guo Ping, Mr. Xu Zhijun,
Mr. Hu Houkun, and Mr. Ren Zhengfei; Executive
Directors Mr. Xu Wenwei, Mr. Li Jie, Mr. Ding Yun,
and Ms. Meng Wanzhou; and Directors Ms. Chen
Lifang, Mr. Wan Biao, Mr. Zhang Ping’an, and Mr.
Yu Chengdong.
In 2012, the attendance record for each Director
is as follows:
Director Meetings Attended
Ms. Sun Yafang 11
Mr. Guo Ping 12
Mr. Xu Zhijun 12
Mr. Hu Houkun 12
Mr. Ren Zhengfei 12
Mr. Xu Wenwei 12
Mr. Li Jie 12
Mr. Ding Yun 12
Ms. Meng Wanzhou 12
Ms. Chen Lifang 12
Mr. Wan Biao 12
Mr. Zhang Ping’an 12
Mr. Yu Chengdong 12