Directors, Supervisors and Senior Management

Transcription

1 Basic Information Name Age Gender Position Term of office XIAO Gang 52 Male Chairman From August 2004 to the date of the Annual General Meeting in 2013 LI Lihui 58 Male Vice Chairman and President From August 2004 to the date of the Annual General Meeting in 2013 LI Zaohang 55 Male Executive Director and Executive From August 2004 to the date of the Annual General Meeting in 2013 Vice President ZHOU Zaiqun 58 Male Executive Director and Executive From February 2008 to the date of the Annual General Meeting in 2013 Vice President HONG Zhihua 58 Female Non-executive Director From August 2004 to May 2011 HUANG Haibo 58 Female Non-executive Director From August 2004 to May 2011 CAI Haoyi 56 Male Non-executive Director From August 2007 to the date of the Annual General Meeting in 2013 SUN Zhijun 55 Female Non-executive Director From October 2010 to the date of the Annual General Meeting in 2013 LIU Lina 55 Female Non-executive Director From October 2010 to the date of the Annual General Meeting in 2013 JIANG Yansong 47 Female Non-executive Director From October 2010 to the date of the Annual General Meeting in 2013 Anthony Francis NEOH 64 Male Independent Non-executive Director From August 2004 to the date of the Annual General Meeting in 2013 Alberto TOGNI 72 Male Independent Non-executive Director From June 2006 to the date of the Annual General Meeting in 2012 HUANG Shizhong 48 Male Independent Non-executive Director From August 2007 to the date of the Annual General Meeting in 2013 HUANG Danhan 61 Female Independent Non-executive Director From November 2007 to the date of the Annual General Meeting in 2013 CHOW Man Yiu, Paul 64 Male Independent Non-executive Director From October 2010 to the date of the Annual General Meeting in 2013 Jackson P. TAI 60 Male Independent Non-executive Director From March 2011 to the date of the Annual General Meeting in 2014 LI Jun 54 Male Chairman of the Board of Supervisors From March 2010 to the date of the Annual General Meeting in 2013 WANG Xueqiang 53 Male Supervisor From August 2004 to the date of the Annual General Meeting in 2013 LIU Wanming 52 Male Supervisor From August 2004 to the date of the Annual General Meeting in 2013 DENG Zhiying 51 Male Employee Supervisor From August 2010 to the date of Employee Delegates Meeting in 2013 LI Chunyu 51 Male Employee Supervisor From December 2004 to the date of Employee Delegates Meeting in 2011 JIANG Kuiwei 42 Male Employee Supervisor From May 2008 to the date of Employee Delegates Meeting in 2011 QIN Rongsheng 48 Male External Supervisor From May 2010 to May 2011 BAI Jingming 50 Male External Supervisor From May 2010 to May 2011 ZHANG Lin 54 Female Secretary of Party Discipline Committee From August 2004 WANG Yongli 46 Male Executive Vice President From August 2006 CHEN Siqing 50 Male Executive Vice President From June 2008 ZHU Shumin 50 Male Executive Vice President From August 2010 YUE Yi 54 Male Executive Vice President From August 2010 CHIM Wai Kin 50 Male Chief Credit Officer From March 2007 NG Peng Khian 55 Male Chief Audit Officer From April 2007 ZHANG Bingxun 61 Male Secretary to the Board of Directors From May 2008 Notes: 1. Directors are elected by the Annual General Meeting for a term of three years. The term of office starts as of the approval date of CBRC. 2. During the reporting period, no Director, Supervisor or senior management member held any share of the Bank. 3. The information listed in the above table pertains to the incumbent Directors, Supervisors and senior management members. BOC 2010 Annual Report 87

2 Compensation for Directors, Supervisors and Senior Management Members Paid in 2010 Name Fees Remuneration paid Contribution by the employer to compulsory insurances, housing allowances, etc Total compensation before tax for 2010 (see notes) Total compensation before tax for 2009 (see notes) Unit: RMB thousand Whether also compensated by a controlling shareholder company or other associated companies XIAO Gang , ,606.2 No LI Lihui ,472.5 No LI Zaohang ,417.4 No ZHOU Zaiqun ,416.8 No ZHANG Jinghua Yes HONG Zhihua Yes HUANG Haibo Yes CAI Haoyi Yes WANG Gang Yes LIN Yongze Yes SUN Zhijun Yes LIU Lina Yes JIANG Yansong Yes SEAH Lim Huat Peter No Anthony Francis NEOH No Alberto TOGNI 1, , No HUANG Shizhong No HUANG Danhan No CHOW Man Yiu Paul No LI Jun No LIU Ziqiang ,458.0 No WANG Xueqiang ,044.8 No LIU Wanming ,019.5 No DENG Zhiying No LI Chunyu No JIANG Kuiwei No QIN Rongsheng No BAI Jingming No ZHANG Yanling ,386.8 No ZHANG Lin ,372.7 No WANG Yongli ,367.5 No CHEN Siqing ,405.4 No ZHU Shumin No YUE Yi No CHIM Wai Kin 5, , ,005.7 No NG Peng Khian 1, , ,447.8 No ZHANG Bingxun ,282.1 No Annual Report BOC

3 Full compensation for Chairman of the Board of Directors, Chairman of the Board of Supervisors, Executive Directors and senior management members has not been finalised in accordance with the government regulations. The Bank will make announcement for further disclosure. Due to the aforesaid reasons, total compensation before tax for 2010 presented in the above table does not include the unpaid proportion of 2010 remuneration. While total compensation before tax for 2009 is the final confirmed compensation for the Bank s Directors, Supervisors and senior management members, the details of which could be referred to the Announcement on Supplementary Information Regarding the Compensation of Directors, Supervisors and Senior Management Members in 2009 published by the Bank on April 27, The Bank compensates Directors, Supervisors and senior management members who are employed by the Bank with salaries, bonuses, emplyer s contribution to compulsory insurances, housing allowances, etc. Independent Non-executive Directors receive directors fees and allowances. Other directors are not compensated by the Bank. Chairman of the Board of Directors, Executive Directors and senior management members do not receive director s fees from the Bank s subsidiaries. Notes: 1. Non-executive Directors receive compensation in accordance with the Resolution of the 2007 Annual General Meeting. Compensation for Independent Non-executive Directors and Supervisors representing shareholders is proposed by the Personnel and Remuneration Committee under the Board of Directors, reviewed by the Board of Directors and approved by the Shareholders Meeting. Employee Supervisors receive compensation as staff in accordance with the staff compensation scheme of the Bank. 2. Non-executive Directors ZHANG Jinghua, HONG Zhihua, HUANG Haibo, CAI Haoyi, WANG Gang, LIN Yongze, SUN Zhijun, LIU Lina and JIANG Yansong signed an agreement in 2010 to waive their 2010 director s fees. 3. Mr. LI Jun was elected Chairman of the Board of Supervisors in March Mr. LIU Ziqiang ceased to serve as Supervisor and Chairman of the Board of Supervisors in March Mr. QIN Rongsheng and Mr. BAI Jingming were elected External Supervisors in May Mr. DENG Zhiying was elected Employee Supervisor in August Mr. CHOW Man Yiu, Paul was elected Independent Non-executive Director in October Mr. SEAH Lim Huat Peter ceased to serve as Non-executive Director in December The above persons compensation are calculated on the basis of their actual time working as the Directors or Supervisors with the Bank in Ms. ZHANG Yanling resigned from the position of Executive Vice President in July Mr. ZHU Shumin and Mr. YUE Yi were appointed as Executive Vice President in August The above persons compensation are calculated on the basis of their actual time working as the senior management members with the Bank in The Bank has incurred RMB23,858 thousand in compensation to its Directors, Supervisors and senior management members services in Positions held in Shareholding Companies by Directors, Supervisors and Senior Management Members Non-executive Director Mr. CAI Haoyi serves as Director of the Bank of China Equity Investment Management Division of Banking Department, Central Huijin Investment Ltd. Save as disclosed above, in 2010, none of the Bank s Directors, Supervisors or senior management members held any position in the shareholding companies of the Bank. BOC 2010 Annual Report 89

4 Directors Working Experience and Other Positions held by Directors, Supervisors and Senior Management Members Annual Report BOC

5 Directors Working Experience and Other Positions held by Directors, Supervisors and Senior Management Members BOC 2010 Annual Report 91

6 1 CHEN Muhua Honorary Chairperson Honorary Chairperson of the Board of Directors since August Madam CHEN is the former Vice Chairperson of the Standing Committee of the National People s Congress of China. 2 XIAO Gang Chairman Chairman of the Board of Directors since March He also served as President of the Bank from March 2003 to August From October 1996 to March 2003, Mr. XIAO served as Assistant Governor and Deputy Governor of the People s Bank of China ( PBOC ). During this period, he was also Director General of the Fund Planning Department and the Monetary Policy Department of the PBOC, Governor of the Guangdong Branch of the PBOC and Governor of the Guangdong Branch of the State Administration of Foreign Exchange ( SAFE ). From May 1989 to October 1996, Mr. XIAO held various positions at the PBOC, including Deputy Director General, Director General of the Policy Research Office, General Manager of the China Foreign Exchange Trading Centre and Director General of the Fund Planning Department. Mr. XIAO has been serving as Chairman of the Board of Directors of BOCHK (Holdings) since May Mr. XIAO graduated from the Finance Department of Hunan Institute of Finance and Economics in 1981, and was awarded a Master s degree in International Economic Law by Renmin University of China in LI Lihui Vice Chairman and President Vice Chairman of the Board of Directors and President of the Bank since August From September 2002 to August 2004, Mr. LI served as Deputy Governor of Hainan Province, and from July 1994 to September 2002, Mr. LI was an Executive Vice President of Industrial and Commercial Bank of China ( ICBC ). From January 1989 to July 1994, he served in a number of positions at ICBC, including Deputy General Manager of the Fujian Branch, Chief Representative of the Singapore Representative Office and General Manager of the International Business Department. Since June 2005, Mr. LI has been serving as Chairman of the Board of Directors of BOCI International Holdings Limited ( BOCI ). Mr. LI has been serving as Chairman of Bohai Industry Investment Management Ltd. since December Mr. LI has served as Vice Chairman of the Board of Directors of BOCHK (Holdings) since June Mr. LI graduated from the Economics Department of Xiamen University in 1977 and obtained a Doctorate in Economics from the Guanghua School of Management of Peking University in LI Zaohang Executive Director and Executive Vice President Executive Director of the Bank since August He joined the Bank in November 2000 and has served as Executive Vice President since then. From November 1980 to November 2000, Mr. LI served in various positions at China Construction Bank, including branch general manager, general manager of various departments of the head office, and Executive Vice President. Since June 2002, Mr. LI has been serving as a Non-executive Director of BOCHK (Holdings). Mr. LI graduated from Nanjing University of Information Science and Technology in Note: Under PRC law, an honorary director is not a member of the Board of Directors and does not have the power or right to vote on matters considered by the Board of Directors of the Bank Annual Report BOC

7 5 ZHOU Zaiqun Executive Director and Executive Vice President Executive Director of the Bank since February He joined the Bank in November 2000 and has served as Executive Vice President of the Bank since then. Mr. ZHOU has also successively served as Director and Council Member of MasterCard International, Asia- Pacific since March Prior to joining the Bank, Mr. ZHOU was the General Manager of the Beijing Branch of ICBC from December 1999 to November 2000 and the General Manager of the Accounting Department and Financial Planning Department of ICBC from January 1997 to December Since June 2002, Mr. ZHOU has been serving as a Nonexecutive Director of BOCHK (Holdings). Mr. ZHOU graduated from Shanxi College of Finance and Economics in 1977 and received a Master s degree from the China Northeast University of Finance and Economics in HONG Zhihua Non-executive Director Non-executive Director of the Bank since August Ms. HONG previously worked with the SAFE from January 1982 to August 2004 in various capacities, including Deputy Director General of the Policy and Regulation Department, Deputy Director General of the International Balance Department and Inspector of the General Affairs Department. Ms. HONG is a senior economist and graduated from Yunnan University with a Bachelor s degree in Chinese Literature in HUANG Haibo Non-executive Director Non-executive Director of the Bank since August Ms. HUANG worked with the PBOC from August 1977 to August 2004 in various capacities, including Deputy Director General of the Treasury Bureau. Ms. HUANG graduated from the Accounting Department of Shanxi Finance University. She is a senior accountant and Certified Public Accountant of the Chinese Institute of Certified Public Accountants. 8 CAI Haoyi Non-executive Director Non-executive Director of the Bank since August Mr. CAI worked in several positions in the PBOC from 1986 to 2007, including Deputy Director of the Graduate School of the PBOC, Deputy Director General of the Financial Research Institute of the PBOC, Deputy Director General of the Research Bureau, Secretary General of the Monetary Policy Committee and Deputy Director General of the Monetary Policy Department. Mr. CAI holds the professional title of Research Fellow, and currently serves as a tutor for postgraduate students of the Financial Research Institute of the PBOC, a tutor for doctoral students of the China University of International Business and Economics, and as a member of the China Society for Finance and Banking. He graduated from the Economics Department of Peking University in 1983 with a Bachelor s degree in Economics. In 1986, he graduated from the Graduate School of the PBOC with a Master s degree in Economics. In 1995, he continued his doctoral programme in Economics in the Graduate School of the PBOC and obtained his Ph.D. in He was awarded the Government Special Allowance by the State Council in BOC 2010 Annual Report 93

8 9 SUN Zhijun Non-executive Director Non-executive Director of the Bank since October Ms. SUN worked in several positions in the Ministry of Finance from 1982 to 2010, including as an official of the Cultural and Health Division of the Cultural, Educational, Administrative and Financial Department, Deputy Director of the Social Security Division of the Cultural, Educational, Administrative and Financial Department, Director of the Health and Medical Services Division of the Social Security Department, and Deputy Director General and Director General of the Social Security Department. Ms. SUN is currently a member of the tenth executive committee of the All-China Women s Federation. Ms. SUN graduated from the Department of Finance and Economics at the Shanxi University of Finance and Economics with a Bachelor s degree in February LIU Lina Non-executive Director Non-executive Director of the Bank since October Ms. LIU worked in several positions in the Ministry of Finance from 1982 to 2010, including as an official of the Foreign Trade and Finance Division and the Foreign Trade Division, Deputy Director of the Comprehensive Affairs Division, Director of the Foreign Trade Division of the Commerce and Trade Department, Director of the Foreign Trade Division, Director of the Fifth Enterprise Division of the Enterprise Department, and Deputy Inspector of the Enterprise Department. Ms. LIU graduated with a Bachelor s degree in Economics from the China Northeast University of Finance and Economics in January In July 2007, Ms. LIU obtained postgraduate degree in World Economics from the Party School of the Central Committee of C.P.C in July JIANG Yansong Non-executive Director Non-executive Director of the Bank since October Ms. JIANG worked in several positions at China Everbright Bank from October 1999 to 2010, including Deputy General Manager and General Manager of the International Business Department and General Manager of the Risk Management Department. Ms. JIANG served on the Board of Directors of Everbright Financial Leasing Limited during Ms. JIANG worked at the China Development Bank from March 1999 to October 1999, where she was in charge of the International Settlement Business Management Division of the International Finance Bureau. Ms. JIANG worked in several positions at the former China Investment Bank from 1986 to 1999, including Deputy Director of the Treasury Division, General Manager of Division One of International Business Department and General Manager of the International Business Department. Ms. JIANG holds professional titles of senior risk manager and senior economist. Ms. JIANG is currently an arbitrator at the China International Economic and Trade Arbitration Commission. Ms. JIANG graduated from the Economics Department of Peking University in 1984 and obtained a Master s degree in Economics from Peking University in Annual Report BOC

9 12 Anthony Francis NEOH Independent Non-executive Director Independent Non-executive Director of the Bank since August Mr. NEOH currently serves as a member of the International Consultation Committee of CSRC. Mr. NEOH previously served as Chief Advisor to CSRC, a member of the Basic Law Committee of the Hong Kong Special Administrative Region under the Standing Committee of the National People s Congress of China, Chairman of the Hong Kong Securities and Futures Commission, a member of the Hong Kong Stock Exchange Council and its Listing Committee, Deputy Judge of the Hong Kong High Court, and Administrative Officer of the Hong Kong Government. From 1996 to 1998, Mr. NEOH was Chairman of the Technical Committee of the International Organisation of Securities Commissions. Mr. NEOH was appointed as Queen s Counsel (since retitled as Senior Counsel) in Hong Kong in Mr. NEOH graduated from the University of London with an honours degree in Law in Mr. NEOH is a barrister of England and Wales and admitted to the State Bar of California. In 2003, Mr. NEOH was conferred the degree of Doctor of Laws, honoris causa by the Chinese University of Hong Kong. He was elected Honorary Fellow of the Hong Kong Securities Institute and Academician of the International Euro-Asian Academy of Sciences in 2009, and was designated by the PRC to the List of Conciliators and Arbitrations of the International Centre for Settlement of International Disputes of the World Bank in Mr. NEOH was a Non-Executive Director of Global Digital Creations Holdings Limited from November 2002 to December 2005, and an Independent Non-executive Director of the Link Management Limited, Manager of the Link Real Estate Investment Trust, from September 2004 to March 2006, and Independent Non-executive Director of China Shenhua Energy Co., Limited from November 2004 to June He joined the Board of China Life Insurance Company Limited as an Independent Non-executive Director in June Global Digital Creations Holdings Limited is listed on the Growth Enterprise Market of the Hong Kong Stock Exchange. China Shenhua Energy Co., Limited, the units of the Link Real Estate Investment Trust and China Life Insurance Company Limited, respectively, are listed on the Main Board of the Hong Kong Stock Exchange. 13 Alberto TOGNI Independent Non-executive Director Independent Non-executive Director of the Bank since June Mr. TOGNI joined Swiss Bank Corporation, the predecessor of UBS AG, in 1959 and, after the establishment of UBS AG through the merger of Swiss Bank Corporation and Union Bank of Switzerland in 1998, continued in UBS AG s employment until his retirement in April Mr. TOGNI served in various capacities during his 46-year career with Swiss Bank Corporation and (after 1998) UBS AG. From 1998 to 2005, he was Executive Vice Chairman of UBS AG overseeing the risk profile of the group. From 1994 to 1997, he was group Chief Credit Officer and group Chief Risk Officer at Swiss Bank Corporation. Prior to 1994, he held various positions at Swiss Bank Corporation overseeing the bank s worldwide credit portfolio. Mr. TOGNI has been serving as a Nonexecutive Director of Bank of China (Suisse) SA since August Mr. TOGNI holds a banking certificate from the Swiss Business School. He graduated in 1965 from the New York Institute of Finance with a degree in investment analysis. BOC 2010 Annual Report 95

10 14 HUANG Shizhong Independent Non-executive Director Independent Non-executive Director since August Mr. HUANG currently serves as Vice President of the Xiamen National Accounting Institute and professor of the Accounting Department of Xiamen University. Mr. HUANG graduated in 1986 from Dalhousie University in Canada with an MBA, and received his Ph.D. of Economics (with accounting focus) in 1993 from Xiamen University. He has served as Managing Partner of Pan-China Xiamen CPA firm and as Deputy Dean of the Management School of Xiamen University. Currently, Mr. HUANG also serves as a member of the Education Steering Committee of the National Master Programme of Professional Accounting, as an adviser to the Accounting Standards Committee of the Ministry of Finance, and as a member of both the Standing Committee of the Chinese Accounting Association and the Auditing Standards Committee of the Chinese Institute of Certified Public Accountants. He serves as an Independent Non-executive Director of Xiamen International Port Co., Ltd. and Sinosteel Co., Ltd. 15 HUANG Danhan Independent Non-executive Director Independent Non-executive Director since November Ms. HUANG graduated from the Law School of Robert Schuman University of Strasbourg, France with a State Doctor s degree in Law in 1987, being the first PRC scholar receiving such a degree in France in a social science discipline. Since returning to China, Ms. HUANG has successively worked in the Ministry of Foreign Trade and Economic Cooperation (now the Ministry of Commerce), universities, law firms and state-owned foreign trade companies and financial institutions, including General Manager of the Legal Department of China Construction Bank from August 1999 to March 2001, and General Counsel of China Galaxy Securities Company Limited from April 2001 to September Ms. HUANG also served as a member of the First Session of the Public Offering Examination and Approval Commission under CSRC from 1993 to 1995 and as Senior Expert in Trade in Services to the EU-China Trade Project ( ). Ms. HUANG currently is Key Expert in Trade in Services to the new EU-China Trade Project ( ), and a Senior Advisor of Sinobridge PRC Lawyers. Ms. HUANG has been serving as the PRC Director of West African Development Bank since September 2007 and her current term of office will expire in August CHOW Man Yiu, Paul Independent Non-executive Director Independent Non-executive Director of the Bank since October Mr. CHOW was an executive director and Chief Executive of Hong Kong Exchanges and Clearing Limited from 2003 to January Hong Kong Exchanges and Clearing Limited is listed on the main board of The Stock Exchange of Hong Kong Limited. Mr. CHOW currently serves as the Treasurer and a member of the Council and the Court of the University of Hong Kong, Chairman of Hong Kong Cyberport Management Company Limited, a director of Plan International Hong Kong, an independent non-executive director of China International Fund Management Company Limited (Shanghai) and a member of the International Advisory Board of Saudi Stock Exchange Company (Tadawul). Mr. CHOW served as Chief Executive, Asia Pacific Region (ex- Japan) of HSBC Asset Management (Hong Kong) Annual Report BOC

11 Limited from 1997 to From 1992 to 1997 and 2003 to January 2010, Mr. CHOW was a member of the Standing Committee on Company Law Reform of the Government of the Hong Kong Special Administrative Region ( HKSAR Government ). Mr. CHOW also served as a Director of the World Federation of Exchanges from 2003 to January 2010 and became Chairman of its Working Committee in 2007 and 2008 and then its Vice-chairman in 2009 and was a member of the Advisory Committee of the Hong Kong Securities and Futures Commission from 2001 to Mr. CHOW graduated from the University of Hong Kong with a Bachelor s degree in Science (Engineering) in He obtained a Diploma in Management Studies and an MBA in 1979 and 1982, respectively, from the University of Hong Kong. He also obtained a Diploma in Finance (Distinction) from the Chinese University of Hong Kong in He was awarded the Justice of the Peace, the Silver Bauhinia Star and the Gold Bauhinia Star by the HKSAR Government in 2003, 2005 and 2010, respectively. Mr. CHOW is a Distinguished Fellow of the Hong Kong Computer Society, an Honorary University Fellow of the University of Hong Kong, an Honorary Fellow of the Hong Kong University of Science and Technology, a Fellow of the Hong Kong Institute of Chartered Secretaries, a Fellow of the Institute of Chartered Secretaries and Administrators, an Honorary Fellow of Hong Kong Securities Institute and a Certified General Accountant (Honorary) of the Canadian Certified General Accountants Association of Hong Kong. 17 Jackson P. TAI Independent Non-Executive Director Independent Non-Executive Director of the Bank since March Mr. TAI has over 35 years of experience in the banking industry. He held various key positions in DBS Group Holdings Limited ( DBS Group ) and DBS Bank Limited ( DBS Bank ) including Vice Chairman and Chief Executive Officer of DBS Group and DBS Bank from 2002 to 2007, President and Chief Operating Officer of DBS Group and DBS Bank from 2001 to 2002, Chief Financial Officer of DBS Bank from 1999 to He was also a director of DBS Bank (China) Limited from 2007 to Prior to that, he was with J.P. Morgan & Co. Incorporated from 1974 to He was Managing Director in the Investment Banking Division and had held various management positions in New York, Tokyo and San Francisco. Mr. TAI was a director of ING Group from 2008 to He currently serves as a director of a number of companies listed in New York and Singapore, including: director of NYSE Euronext since 2010; director of MasterCard Incorporated since 2008; and director of CapitaLand Limited since Mr. TAI is also a member of Harvard Business School Asia-Pacific Advisory Board currently. Mr. TAI graduated from Rensselaer Polytechnic Institute with a Bachelor of Science degree in 1972, and from Harvard University with a Masters of Business Administration degree in BOC 2010 Annual Report 97

12 Supervisors Working Experience and Other Positions held by Directors, Supervisors and Senior Management Members Annual Report BOC

13 1 LI Jun Chairman of the Board of Supervisors Chairman of the Board of Supervisors of the Bank since March 2010 and Vice Party Secretary of the Bank since December Mr. LI has served in several positions in Bank of Communications, including Vice Chairman of the Board of Directors and President from September 2006 to December 2009, Vice President from November 2000 to August 2006, Executive Director from June 2000 to December 2009, Controller General from April 1998 to April 2001, and Vice President and President of the Wuhan Branch of Bank of Communications from October 1990 to April Mr. LI is a senior economist and received a Master s degree in Economics from Huazhong University of Science and Technology in WANG Xueqiang Supervisor Director General Supervisor of the Bank since August 2004 and Head of the Office of Board of Supervisors since April Mr. WANG served as Deputy Director General Supervisor and Director General Supervisor of the Bank from July 2003 to August 2004 before the Bank s corporate restructuring. Mr. WANG served as Deputy Director General Supervisor at Agricultural Development Bank of China from October 2001 to July 2003, and worked with the Central Financial Working Commission from October 2000 to October From November 1996 to September 2000, Mr. WANG worked with Hong Kong Gang Ao International (Holdings) Co., Ltd. and Hong Kong Fujian Group Limited in succession. Prior to that, Mr. WANG worked with the Ministry of Finance from August 1985 to October Mr. WANG is a senior accountant and Certified Public Accountant qualified by the Chinese Institute of Certified Public Accountants. Mr. WANG graduated from China Central University of Finance and Economics in 1985 and obtained his Doctorate in Economics from Public Finance Institute of the Ministry of Finance in LIU Wanming Supervisor Deputy Director General Supervisor of the Bank since August From November 2001 to August 2004, Mr. LIU was designated by the State Council to serve as a Director Supervisor and a Deputy Director General Supervisor at Bank of Communications and the Bank. From August 1984 to November 2001, Mr. LIU worked with the National Audit Office, Agricultural Development Bank of China and the Central Financial Working Commission. Mr. LIU received a Bachelor s degree in Economics from Jiangxi University of Finance and Economics in DENG Zhiying Employee Supervisor Employee Supervisor of the Bank since August Mr. DENG currently serves as the General Manager of the Supervisory Department in the Bank s Head Office, Mr. DENG has served as Deputy General Manager of the Supervisory Department in the Bank s Head Office from July 2008 to July From June 2007 to July 2008, Mr. DENG served as a member of the Party Committee and the secretary of the Party Discipline Committee in the Tianjin Branch of the Bank. From June 1993 to June 2007, Mr. DENG worked in the supervisory office, the Inspection and Audit Department, the Supervisory Department of the Bank s Head Office. From August 1984 to June 1993, Mr. DENG worked in the Party Discipline Committee. Mr. DENG received a Bachelor s degree in History from Nankai University in BOC 2010 Annual Report 99

14 5 LI Chunyu Employee Supervisor Employee Supervisor of the Bank since December Since August 2000, Mr. LI has served as Chairman of the Labour Union of the Bank s Head Office. From 1992 to July 2000, he worked in the Human Resources Department of the Bank. Mr. LI holds a Bachelor s degree. 6 JIANG Kuiwei Employee Supervisor Employee Supervisor of the Bank since May Since 1989, Mr. JIANG has worked in the Changzhou Sub-branch of the Bank, the Taizhou Division of the PBOC and the Jiangsu Branch of the Bank. He is currently Assistant General Manager of the Jiangsu Branch of the Bank. He obtained a Bachelor s degree in Engineering from Zhejiang University in QIN Rongsheng External Supervisor External Supervisor of the Bank since May Mr. QIN currently serves as Secretary of the Party Committee, professor and tutor of doctoral graduates of Beijing National Accounting Institute, and enjoys the Government Special Allowance of the State Council. He was Vice President of Beijing National Accounting Institute from April 1999 to June 2003, and acted as Assistant President and Vice President of Jiangxi University of Economics and Finance from July 1984 to April Now, he concurrently acts as Vice President of the China Audit Society, Vice President of the China Association of Chief Accountant, a member of the Certified Public Accountant Examination Committee of the Ministry of Finance, a member of the China Audit Standard Committee, as well as Independent Director of Poly Real Estate Group Co., Ltd., Changjiang Securities Co., Ltd. and China Minsheng Banking Co., Ltd. Mr. QIN graduated with a bachelor s degree from Jiangxi College of Finance and Economics in 1984, and obtained a doctorate degree from the Renmin University of China in BAI Jingming External Supervisor External Supervisor of the Bank since May Mr. BAI currently serves as Deputy Director, researcher and tutor of doctoral graduates at the Research Institute for Fiscal Science under the Ministry of Finance, and enjoys the Government Special Allowance of the State Council. From July 1990 to August 2004, he worked as the director of the editorial department, the deputy director of the Comprehensive Policy Research Office, the associate researcher of the Regional Finance Research Office and the assistant researcher of the Fundamental Theory Research Office at the Research Institute for Fiscal Science under the Ministry of Finance. Now, he acts as an executive director of the Chinese Finance Society, Vice Chief Editor of The Public Finance Research magazine, Vice Chief Editor of China Business Information & Data, an independent director of Luneng Jinsui Futures Co., Ltd. and a part-time professor at Shandong University, Zhongnan University of Economics and Law, and the Southwest University of Finance and Economics. Mr. BAI graduated from the Chinese Academy of Social Sciences with a Master s degree in economics in 1986, and received a doctorate degree in economics from the Chinese Academy of Social Sciences in Annual Report BOC

15 Senior Management Working Experience and Other Positions held by Directors, Supervisors and Senior Management Members BOC 2010 Annual Report 101

16 1 LI Lihui Vice Chairman and President Please refer to the section Directors. 2 LI Zaohang Executive Director and Executive Vice President Please refer to the section Directors. 3 ZHOU Zaiqun Executive Director and Executive Vice President Please refer to the section Directors. 4 ZHANG Lin Secretary of Party Discipline Committee Secretary of Party Discipline Committee of the Bank since August Prior to joining the Bank, Ms. ZHANG held various positions in the Export and Import Bank of China, including Assistant President from June 2002 to August 2004 and Deputy Director General and Director General of the Personnel Education Department from August 1998 to July Majoring in Economics and Political Sciences, Ms. ZHANG graduated from the Party School of the Inner Mongolia Autonomous Region s Communist Party Committee in WANG Yongli Executive Vice President Executive Vice President of the Bank since August Mr. WANG joined the Bank in 1989 and served as Executive Assistant President of the Bank from November 2003 to August From April 1999 to January 2004, Mr. WANG held various positions in the Bank, including General Manager of the Asset-Liability Management Department, Acting Deputy General Manager and General Manager of the Fujian Branch, and General Manager of the Hebei Branch. Mr. WANG graduated from Renmin University of China with a Master s degree in He also obtained a Doctor s degree from Xiamen University in CHEN Siqing Executive Vice President Executive Vice President of the Bank since June Mr. CHEN joined the Bank in 1990 and worked in the Hunan Branch of the Bank before he was seconded to the Hong Kong Branch of China and South Sea Bank Ltd. as Assistant General Manager. Mr. CHEN held various positions in the Bank from June 2000 to May 2008, including Assistant General Manager, Vice General Manager of the Fujian Branch, General Manager of the Risk Management Department of the Head Office and General Manager of the Guangdong Branch. Mr. CHEN has served as Vice Chairman of the Board of Directors of BOCI International Holdings Limited ( BOCI ) since May Mr. CHEN graduated from Hubei College of Finance and Economics in He obtained an MBA from Murdoch University, Australia in Annual Report BOC

17 7 ZHU Shumin Executive Vice President Executive Vice President of the Bank since August Mr. ZHU joined the Bank in 1988 and served as Global Head for Personal Banking Business of the Bank from May 2009 to July From July 2003 to May 2009, Mr. ZHU served as General Manager of the Jiangsu Branch of the Bank. From November 2000 to July 2003, Mr. ZHU served as Deputy General Manager of the Jiangsu Branch and General Manager of Suzhou Branch of the Bank. Mr. ZHU previously held various positions in the Suzhou Branch, the Taizhou Branch and the Yangzhou Branch, Jiangsu. Since March 2010, Mr. ZHU has been serving as Chairman of the Board of Directors in Bank of China Consumer Finance Company Limited. He received an MBA from Fudan University in YUE Yi Executive Vice President Executive Vice President of the Bank since August Mr. YUE joined the Bank in 1980 and served as Global Head for Financial Markets Business of the Bank from March 2009 to July From March 2008 to March 2009 Mr. YUE served as Global Head for the Personal Banking Business of the Bank. From February 2005 to August 2008 Mr. YUE served as General Manager of Personal Banking Department of the Bank. Mr. YUE previously held various positions in the Retail Banking Department, the Seoul Branch and the Beijing Branch of the Bank. Since September 2010, Mr. YUE has been serving as Chairman of Bank of China (UK) Limited. He received his Master s degree in Finance from Wuhan University in CHIM Wai Kin Chief Credit Officer Chief Credit Officer of the Bank since March Prior to joining the Bank, Mr. CHIM held various positions at Standard Chartered Bank, Bankers Trust Company and Deutsche Bank. While working with Deutsche Bank, Mr. CHIM served as Managing Director and Chief Credit Officer (non-japan Asia). Mr. CHIM graduated from the Chinese University of Hong Kong with a Bachelor of Science in 1983, and obtained an MBA from Indiana State University, United States in NG Peng Khian Chief Audit Officer Chief Audit Officer since April Prior to joining the Bank, Mr. NG has successively worked at DBS Bank and CISCO Security Pte. Ltd. Mr. NG worked at DBS Bank as Managing Director and Chief Internal Auditor, and served as Senior Vice President and Head of Internal Audit at CISCO Security Pte. Ltd. Mr. NG graduated from Nanyang University, Singapore, with a Bachelor of Science in Mr. NG is a Certified Internal Auditor and Certified Information Systems Auditor. 11 ZHANG Bingxun Secretary to the Board of Directors Secretary to the Board of Directors of the Bank since May Mr. ZHANG joined the Bank in 1997 and has held various positions, including General Manager of the Financial Institutions Department and General Manager of the Board Secretariat. Mr. ZHANG graduated from Renmin University of China with a Master s degree in He also obtained a doctorate from the London School of Economics in BOC 2010 Annual Report 103

18 Changes in Directors, Supervisors and Senior Management Changes in the Bank s Directors were as follows: Ms. SUN Zhijun, Ms. LIU Lina, Ms. JIANG Yansong began to serve as Non-executive Directors of the Bank and Mr. CHOW Man Yiu, Paul began to serve as an Independent Non-executive Director of the Bank as of 22 October Mr. ZHANG Jinghua, Mr. WANG Gang and Mr. LIN Yongze ceased to serve as Non-executive Directors of the Bank as of 22 October Mr. SEAH Lim Huat Peter ceased to serve as a Non-executive Director of the Bank as of 31 December Mr. Jackson P. TAI began to serve as an Independent Non-executive Director of the Bank as of 11 March Ms. HONG Zhihua and Ms. HUANG Haibo, the incumbent Non-executive Directors of the Bank, have tendered their resignations as directors and the special committee members with effect from 28 May The Board of Directors of the Bank has approved the nomination of Mr. ZHANG Xiangdong and Mr. ZHANG Qi as Nonexecutive Directors of the Bank and will submit it to the 2010 Annual General Meeting of the Bank for review and approval. Changes in the Bank s Supervisors were as follows: Mr. LI Jun was elected Supervisor at the First Extraordinary General Meeting in His term of office will end until the date of the Bank s Annual General Meeting in Mr. LI Jun was elected Chairman of the Board of Supervisors at the First Meeting of the Second Term of Board of Supervisors on 19 March Mr. LIU Ziqiang resigned from Supervisor and Chairman of the Board of Supervisors due to the age requirement in accordance with the relevant rules. His resignation came into effect as of 19 March Mr. QIN Rongsheng and Mr. BAI Jingming were elected External Supervisors at the 2009 Annual General Meeting of the Bank in May Due to the relevant government regulations, Mr. QIN Rongsheng and Mr. BAI Jingming, the incumbent External Supervisors of the Bank, have tendered their resignations as supervisors and the special committee members with effect from 28 May The Board of Supervisors of the Bank has approved the nomination of Mr. MEI Xingbao and Ms. BAO Guoming as External Supervisors of the Bank and will submit it to the 2010 Annual General Meeting of the Bank for review and approval. The Board of Supervisors elected one new Employee Supervisor. Mr. DENG Zhiying was elected Employee Supervisor with a term of office of three years at the Employee Delegates Meeting of the Bank in August His term of office will end until the date of the Employee Delegates Meeting of the Bank in Changes in the Bank s senior management were as following: Mr. ZHU Shumin was appointed as Executive Vice President of the Bank in August Mr. YUE Yi was appointed as Executive Vice President of the Bank in August Ms. ZHANG Yanling resigned from the position of Executive Vice President of the Bank on 23 July Annual Report BOC