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Social Responsibility

Corporate Governance

2024-08-15

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Huajiao Group has fully and thoroughly implemented the important requirements of "two consistent principles", insisted on strengthening the Party's leadership in improving corporate governance, established and improved the governance system, and organically unified the leadership role of the Party organization in "setting the direction, managing the overall situation, and ensuring implementation", the role of the board of directors in "setting strategies, making decisions, and preventing risks", and the management role of the management level in "planning operations, grasping implementation, and strengthening management". Continue to optimize the corporate governance structure, clarify the boundaries of rights, responsibilities and interests of the Party group, the board of directors, and the management level, optimize the decision-making content, procedures and guarantees, and promote the governance entities to perform their duties, fulfill their responsibilities, and operate efficiently and in a coordinated manner. Clarify the "work rules" + "decision list", improve the operating mechanism, ensure that the group's board of directors exercises its powers and performs its duties in accordance with the law, effectively implement the decision-making power on major issues of the enterprise and the management and supervision power of the management level, continuously improve the system of the board of directors of subsidiaries, comprehensively promote the construction of the board of directors of subsidiaries, and realize that the board of directors should be established as much as possible and the majority of external directors. Establish mechanisms such as communication between the chairman and external directors, reporting and implementation by the management, advance communication meetings of the board of directors, legal compliance review before major decisions are made, and participation of external directors in subsidiary budget meetings, to improve the quality and efficiency of decision-making on major matters, ensure that China Communications Construction Group makes scientific and efficient decisions when facing major opportunities and dealing with major issues, and effectively promote the high-quality development of the company's business.

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