Board Approval and Meetings - The Board of Directors approved the Q3 2024 report with unanimous support (13 votes in favor) and no opposition or abstentions[1] - The meeting was attended by 12 out of 13 directors, with one independent non-executive director voting by proxy due to other commitments[1] - The Board's Audit Committee has approved the Q3 2024 report prior to submission to the Board[1] - The Board will convene the third extraordinary general meeting of 2024 to discuss the compensation plans for the Chairman and Executive Directors[7] Compensation Plans - The compensation distribution plan for the Chairman and Executive Directors for 2023 has been reviewed and will be submitted for shareholder approval[4][6] - The Chairman's 2023 salary is set at RMB 6.812 million, while the Executive Director's salary is RMB 8.123 million[9] - The compensation for other senior management personnel has also been approved and will be presented at the upcoming shareholder meeting[7] - The total pre-tax compensation for directors, supervisors, and senior management in 2023 amounted to RMB 18.0592 million[13] - The company’s compensation structure adheres to national regulations regarding the remuneration of senior management[14] - The company’s board and compensation committee have reviewed the 2023 compensation details for directors and senior management[16] Transparency and Reporting - The Q3 2024 report and the third pillar information disclosure report are available on the Hong Kong Stock Exchange and the Bank of China's websites[2][3] - The Bank of China is committed to transparency by publishing detailed reports on its official platforms[2][3] Salaries and Performance-Based Compensation - Liu Jin, the Vice Chairman and President, received a salary of RMB 90.83 million for the period from June 2021 to August 2024[12] - The independent director, E Wei Nan, has a salary of RMB 35 million from July 2022 to July 2024[13] - The risk director, Liu Jian Dong, earned a salary of RMB 172.17 million, with additional performance-based income of RMB 2 million[13] - Zhang Yi, the Executive Director and Vice President, is set to receive RMB 68.06 million from April 2024 to May 2024[12] - The company has implemented a deferred payment system for over 50% of performance-based salaries for key management positions, with a deferral period of no less than three years[15] - Non-executive directors did not receive any compensation from the company in 2023[15] - The total pre-tax compensation for the risk director and other key positions includes significant performance-based components[15] Compliance and Oversight - The independent non-executive directors expressed that the compensation plans comply with legal regulations and do not harm the interests of the bank or shareholders[5][7]
中国银行(03988) - 2024 Q3 - 季度业绩