Directors, Supervisors, Senior Management and Employees
THIS DOCUMENT IS IN DRAFT FORM, INCOMPLETE AND SUBJECT TO CHANGE AND THAT THE INFORMATION MUST BE READ IN CONJUNCTION WITH THE SECTION HEADED “WARNING” ON THE COVER OF THIS DOCUMENT. DIRECTORS, SUPERVISORS, SENIOR MANAGEMENT AND EMPLOYEES OVERVIEW The Board currently consists of nine Directors, including four executive Directors, two non-executive Directors and three independent non-executive Directors. All Directors are elected by the general meeting for a term of three years which is renewable upon re-election. The major functions and powers of the Board include, but are not limited to, convening the general meetings, reporting its work at the general meetings, implementing the resolutions passed at the general meetings, considering and approving the operating plans and investment plans of the Company, formulating the Company’s strategic development plans, formulating annual financial budgets and final accounts plans, formulating profit distribution plans and plans on making up losses, and exercising other powers and functions as conferred by the Articles of Association. The Board of Supervisors of the Company consists of five Supervisors. Employee representative Supervisors are elected democratically by the employee representatives’ meeting, employee meetings or in other ways, while non-employee representative Supervisors are elected by the general meetings. The term of office of each Supervisor is three years, which is renewable upon re-election. The major powers and functions of the Board of Supervisors include, but are not limited to, monitoring the financial activities of the Company, supervising the performance of duties of Directors and senior management and proposing the removal of Directors and senior management who have acted in breach of the laws, administrative regulations, the Articles of Association or the resolutions passed at the general meetings, and exercising other powers and functions as conferred by the Articles of Association.
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