Sinochem International
600500.SH
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Structure of Company Management
The Mechanism of the Board of Directors
The Board of Directors of the Company consists of 7 directors, 3 of whom are independent directors. The Board of Directors contains the Sustainable Development Committee, the Strategy Committee, the Nomination and Company Management Committee, the Salary and Assessment Committee and the Audit and Risk Committee. Three independent directors are chosen respectively for the Chairmen of Nomination and Company Management Committee, the Salary and Assessment Committee and the Audit and Risk Committee, and the members of the three important professional committees are mainly independent directors. When it comes to major productions and operation decisions, foreign investments, nominations of senior executives and their salaries and appraisals, or internal audits and other matters, the independent directors learn about the facts through interviews or telephone conversations with relevant personnel, reviewing relevant materials in advance and consulting with the board offices to make prudent decisions using their expertise, airing independent opinions and playing an important role in supervision and consultation. The directors of the company, in accordance with the rights conferred by relevant laws and regulations and the Procedures Rule for the Board of Directors, faithfully, honestly and diligently exercise their rights and perform their obligations.
Responsibilities of Specialized Committees under the Board of Directors

The Sustainable Development Committee of Sinochem International is responsible for formulating the sustainable development goals and plans, supervising the operation of sustainable development systems of each business sector, and providing suggestions and plans for improving the sustainable development performance; responsible for strengthening the company's decision-making and supervision ability and managing inappropriate employee behavior to avoid controversial misconduct. The Board of Directors deliberated and passed the Working Rules on Sustainable Development Committee of Sinochem International to enhance the overall level of sustainable development management.

 

The Strategy Committee is responsible for studying long-term development strategies and major investment decisions as well as proposing suggestions.

 

The Nominating and Corporate Governance Committee is responsible for studying the criteria and procedures for the selection of directors and senior management and proposing suggestions, selecting qualified candidates and checking the qualifications of candidates for director and senior management positions and proposing suggestions.

 

The Remuneration and Assessment Committee is responsible for studying assessment criteria for directors and senior management, carrying out assessment and proposing suggestions, and studying and examining remuneration policies and plans for directors and senior management positions.

 

The Audit and Risk Committee is responsible for supervising and evaluating external audits, proposing to hire or replace external audit agencies, supervising and evaluating internal audits, coordinating internal and external audits, auditing financial information and its disclosure, supervising and evaluating internal control of the Company, and covering other matters authorized by laws, regulations, articles of association, and the Board of Directors.

Director Profiles
  • Zhang Xuegong
    Chairman, General Manager
    Born in 1970, Mr. Zhang holds a Master of Chemistry degree from Tsinghua University and an EMBA from China Europe International Business School. Having joined Sinochem in 1995, he has served as the Section Chief of Human Resources Department of Sinochem Group, Director of the President's Office of Sinochem Group, Deputy General Manager of Sinochem International cum General Manager of the Logistics Business Division of Sinochem International, Assistant to the General Manager for Sinochem Group cum General Manager of China National Seed Group Co., Ltd. He has also served as Director of the Strategic Execution Department of Sinochem Group and Director of Strategic Execution for Sinochem Holdings. He currently serves as the Company’s Chairman, General Manager and Secretary of CPC Committee.
  • Qin Jinke
    Board Director
    Male, born in 1970. Obtained a bachelor's degree in Accounting from Central University of Finance and Economics, and an EMBA degree of China Europe International Business School. Previously worked for Fenxi Mining Bureau and Shanghai Oasun Environmental Hi-Tech Co., Ltd.. Joined Sinochem International in 2001, and held various positions including: general manager assistant of Auditing Department, CFO of Sinochem Zhengjiang, financial director of Metallurgy & Energy Division, manager of Tax Office in Financial Department, general manager of Accounting and Tax Office in Financial Department, vice general manager of Financial Department, general manager and vice director of Financial Department,CFO and member of CPC Committee of Sinochem International. Currently serves as director of Financial Department of Sinochem Holdings and board director in Sinochem International.
  • Liu Xing
    Board Director
    Born in 1977, Master's degree. Mr. Liu previously served as organizational development supervisor of Human Resources Department at Sinochem Petroleum Co., Ltd, head of Human Resources Department and Science and Technology Department at Sinochem Xingzhong Oil Staging (Zhoushan) Co., Ltd., recruitment manager at Sinochem Petroleum Company, Ltd., assistant general manager at Sinochem Petroleum Shanxi Co., Ltd. Then he successively served as deputy manager of Key Position Management Department of Human Resources Department, manager of Key Position Management Department of Human Resources Department, and deputy director of Human Resources Department at Sinochem Group. Currently,he serves as deputy director of Human Resources Department at Sinochem Holdings, and a board director at Sinochem Finance Co., Ltd. He is also currently a board director for Sinochem International.
  • Jie Yubin
    Board Director
    Born in 1969, graduated from Peking University with a Bachelor Degree in Chemistry. Mr. Jie successively served as Head of Patent Department, Head of Literature Department, Deputy Director, Executive Director of the Board, General Manager and Secretary of CPC Committee of China National Chemical Information Center (CNCIC). Currently,he serves as the Deputy Director of Strategy and Investment Department of Sinochem Holdings as well as the Board Director of Sinochem International.
  • Cheng Fengchao
    Independent director
    Born in 1959, Mr. Cheng holds a PhD in Management Science and Engineering from Hunan University. He is also a researcher and certified public accountant. Well-versed in accounting, auditing, evaluation, finance and securities, he has extensive experience in enterprise management and the capital market. Mr. Cheng was formerly deployed by Central Huijin Investment to be the Director of the Industrial and Commercial Bank of China and Director of the Agricultural Bank of China. He currently serves as an Independent Director for listed company Minmetals Capital Company Limited, President for Zhongguancun Guorui Finance and Industrial Development Research Association, a PhD supervisor for Hunan University, Distinguished Professor of the Chinese Academy of Social Sciences, and External Supervisor for China Huarong Asset Management Co.,Itd. He is also an Independent Director for the Company’s 9th Board of Directors and the Chairman of the Company’s Audit and Risk Committee.
  • Jiang Weiming
    Independent director
    Chinese-Danish, born in 1956. Obtained a Master's degree and a Ph.D in Science from the Royal Veterinary and Agricultural University of Denmark. From 1986 to 1991, Mr Jiang served as the China-division Manager of Technology at Danbrew. Then he joined Novozymes and served successively as China-region Sales Director and General Manager, Vice President of Novozymes and President of Novozymes China. In August 2006, Mr Jiang joined DSM as Senior Vice President in charge of Asia-region strategy and served as President of DSM China in April 2007 until July 2020. Currently, he serves as Special Advisor to the DSM Global co-CEO, as well as Independent Director for Sinochem International’s 9th Board of Directors.
  • Qian Mingxing
    Independent director
    Born in 1963, graduated from the Peking University with a Master's degree in Civil and Commercial Law and a Ph.D in Environmental and Resource Protection Law. Mr Qian has been working at Peking University since August 1986 and is currently a professor and doctoral supervisor of Peking University Law School. Meanwhile, he serves as an arbitrator of China International Economic and Trade Arbitration Commission, Beijing Arbitration Commission, and Shenzhen International Arbitration Court, also a director of Peking University Press Co.,LTD., a part-time lawyer of Beijing Li Weibin Law Firm, and an independent director of some listed companies, such as Chuangli Group and People.cn. He is currently an Independent Director for Sinochem International’s 9th Board of Director.
The mechanism of the Supervisory Committee
The Supervisory Committee of the company has three members, including two shareholders' representative supervisors and one employees' representative supervisor who was elected by the company's congress of workers and staff in accordance with relevant regulations. The day-to-day work of the Supervisory Committee includes diligently and conscientiously reviewing the company's quarterly, semi-annual and annual financial statements and other matters and making audit opinions in written form; supervising the actions to fulfill duties of the company's directors and senior managers and supervising the company's major investments and major financial decisions.
Supervisor profiles
  • Chen Aihua
    Chairperson of the Board of Supervisors
    Born in 1972, Ms. Chen holds a Bachelor Degree in Polymer Materials from Beijing University of Chemical Technology. Having joined Sinochem in 1994, she previously served as the Deputy Manager of the Customer Credit Management Department, Manager of the Process Quality Certification Department, and Manager of the Integrated Management Department under the Risk Management Department of Sinochem Group. She also served as the Deputy General Manager of the Risk Management Department, Deputy General Manager of the Audit Department, and Deputy Director of the Audit and Compliance Department of Sinochem Group. Meanwhile, she has also held the positions of Director of the Audit and Compliance Department and Head of the Leading Party Members’ Group Inspection Office of Sinochem Group. She currently serves as Director of the Audit Department of Sinochem Holdings and Chairperson of the Board of Supervisors for the Company.
  • Meng Ning
    Supervisor
    Born January 1977, Mr. Meng holds an Accounting Degree from the Finance and Accounting Faculty of Shijiazhuang Tiedao University and a Master’s in Accounting (MPACC) from the Research Institute of Fiscal Science under the Ministry of Finance. Having joined Sinochem in 2004, he previously served as the Training Manager of the Audit Department of Sinochem Group, Director of the Discipline, Inspection and Supervision Office cum General Manager of the Audit and Inspection Department of Sinofert; Deputy Director of the Audit and Compliance Department cum General Manager of the Audit Section of Sinochem Group, Deputy Director of the Audit and Compliance Department of Sinochem Group. Currently, he is the Deputy Director of Sinochem Holdings’ Audit Department and serves as a supervisor for the company.
  • Zhuang Yan
    Employee supervisor
    Female. Born in 1974. Chinese. College degree in Science and Technology English of Shanghai Jiaotong University. Worked as an on-site trading representative of Great Wall Securities Co., Ltd. on the Shanghai Stock Exchange, and was responsible for the company's B-share trading and clearing work. Joined Sinochem International in 2004 and has been engaged in board administration and securities affairs in the Board Office. Currently a corporate governance manager and a member of the auditing committee of the corporate labor union.
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