China Merchants Securities CO., LTD. : China Merchants Securities Got the Award of “Top Board of Directors of Listed Company 2011”
January 16, 2012 at 04:10 am EST
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On December 19, the Tenth China Corporate Governance
Forum was hosted in Shanghai by Shanghai Stock Exchange. It
was supported by the State-owned Assets Supervision and
Administration Commission of the State Council and
Organization for Economic Co-operation and Development
(OECD). Guo Shuqing, president of China Securities
Regulatory Commission and Han Zheng, mayor of Shanghai
attended the forum and awarded prizes to the winners. Ten
listed companies including China Merchants Securities won
the award of "Top Board of Directors of listed
Companies 2011". Gong Shaolin, the chairman of China
Merchants Securities, attended the forum and received the
award on behalf of the company.
"Chinese Corporate Governance Special
Award" is the highest accolade for listed companies in
the field of corporate governance. This accolade is offered
by China Securities regulatory organizations. In 2011, some
special awards were established, including "Board of
Directors Award", "Information Announcement
Award" and "Typical Case on Merger, Acquisitions
and Reforms Award".
Using the methods and measures of comprehensive risk
management, the board of directors of China Merchants
Securities builds up an internal controlling program in
three aspects according to its dominant risk management.
These three aspects are: building up the risk control,
appropriate management, accepted audit and regulation. It
sets up a comprehensive pressure-testing system, which
includes evaluation, control and response, giving report
and feedback, and guiding innovation development. This
system contains six types of risks, adopts three
instruments and implements eight measures to monitor and
control extreme risks, realize the quantity-control of
corporate risks, and adjust managing plans, business scale
and structure. Those measures ensure the company can run
stably and steadily under a "controllable, testable
and acceptable risk". What worth to mention is, the
comprehensive pressure-testing system has got the
professional approval by the Securities Association of
China, and it is going to be popularized. The board of
directors of China Merchants Securities leads the company
to make strategic decision, adjust three major processes
and six measures, ensure the dynamic strategy and
developing system, and improve the decision made by
administrative board of executive directors. The Salaries
and Evaluation Committee of the Board of Directors will
regularly organize the administrative departments to have
discussions with local and oversea specialists, and
evaluate the performance of administrative departments in
order to provide a contrast among these departments, offer
the performance improvement plan and ability development
plan, and further improve the quality of strategy and
efficiency of execution. The honor of receiving "Top
Board of Directors Award 2011" has further confirmed
that China Merchants Securities has achieved the approval
from regulatory organizations in Securities markets and
wide investors for its administrative work.
CHINA MERCHANTS SECURITIES CO., LTD is a China-based company, principally engaged in security businesses. The Company operates its businesses through brokerage and wealth management business, including stocks, funds, bonds and financial products trading; investment banking business, including equity financing, debt financing and structured financing; investment management business, including collective asset management, targeted asset management and special asset management, as well as investment and trading business, including equity securities and fixed income securities transactions. The Company is principally engaged in its businesses in Guangdong Province, Shanghai, Beijing and Hong Kong.