Governance and Board Decisions - The Board of Directors approved the 2023 interim report with unanimous support from 13 members[1] - The compensation plan for executive directors in 2022 was approved with 11 votes in favor, indicating compliance with legal regulations[2] - The performance assessment plan for the Chairman and CEO for 2023 received 12 votes in favor, reflecting strong governance practices[2] - The bank's governance structure includes independent directors who actively participate in decision-making processes[3] - The bank is committed to maintaining compliance with the Company Law and its Articles of Association in all its operations[2] Executive Compensation - Liu Jin, the CEO, received a total compensation of RMB 111.10 million for 2022, which includes a pre-tax salary of RMB 90.02 million[4] - Lin Jingzhen, an executive director, received a total compensation of RMB 101.15 million for 2022, with a pre-tax salary of RMB 80.75 million[4] - The total pre-tax compensation for directors, supervisors, and senior management in 2022 amounted to RMB 16.2669 million[8] - The independent directors received varying compensation, with the highest being RMB 49.29 million for Liao Changjiang and Cui Shiping[5] - The risk director and the chief auditor each received a total compensation of RMB 199.00 million, which includes performance-based pay[6] - The chief information officer received a total compensation of RMB 116.09 million, reflecting a significant portion of performance-related pay[6] - The total compensation for Zhang Keqiu, the supervisor, was RMB 111.10 million, which includes contributions to social insurance and corporate annuities[5] - The company has not paid any compensation to newly appointed directors and supervisors for the year 2022[8] Compensation Structure and Policies - Independent non-executive directors expressed that the compensation plans do not harm the interests of the bank or its shareholders[2] - The company has implemented a deferred payment system for over 50% of the performance-based salaries for key management personnel, with a deferral period of no less than three years[8] - The company’s compensation structure adheres to national regulations regarding the remuneration of senior management[8] - The performance-based compensation for senior management is contingent upon future operational performance, with potential adjustments based on risk exposure[8] - The company provides compensation to its employees, including salaries, bonuses, social insurance, and housing fund contributions[9] - Independent directors receive director remuneration, while other directors do not receive compensation from the company[9] - The chairman, executive directors, and senior management do not receive compensation from the company's subsidiaries[9] - External supervisors receive supervisor remuneration[9] Management Focus - The bank's management team is focused on enhancing performance metrics and aligning them with shareholder interests for 2023[2] - Cai Zhao was appointed as the Vice President of the Bank, pending approval from the national financial regulatory authority[3]
中国银行(03988) - 2023 - 中期业绩