Annual Report 2012

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7 CORPORATE GOVERNANCE REPORTRisk management committeeThe risk management committee consists of six directors. Mr. Yam Chi Kwong, Joseph, currently serves as chairman of the risk managementcommittee. Members include Mr. Wang Yong, Mr. Zhang Jianguo, Ms. Chen Yuanling, Mr. Zhao Xijun and Mr. Wong Kai-Man.The primary responsibilities of the risk management committee include:• reviewing the risk management policies in accordance with the overall strategy of the Bank, monitoring and assessing their implementationand effectiveness;• providing guidance on establishing the risk management system;• monitoring and assessing the organisational structure, working procedures and effectiveness for risk management department, andproposing changes for improvement;• reviewing the risk report, conducting periodic assessments of the risk management system, and providing opinions in relation to furtherimprovements to the risk management;• evaluating the performance of the Bank’s senior management personnel responsible for risk management; and• supervising the compliance of core businesses, management systems and major operation activities of the Bank, etc.In 2012, the risk management committee convened four meetings in total. It optimised its working rules and proposed opinions and suggestionson various tasks including the rectification and implementation of evaluation and examination opinions on the New Basel Capital Accord bythe CBRC, construction of the new credit procedures, reporting of significant risk events and refinement of internal management system.The risk management committee paid close attention to the impact of the international and domestic economic and financial situations onthe Bank, continuously improved risk management system and strengthened comprehensive risk management. It followed and assessed thecomprehensive risk conditions of the Bank periodically, continuously promoted the preparation work for the implementation of the advancedmeasurement on capital management, and attached great importance to the risk management of wealth management business, off-balance sheetbusiness, overseas business, government financing vehicle loans, real estate loans, financial market business and information technology, etc. Italso enhanced the compliance and operational risk management and strengthened control over non-compliance cases.Members of risk management committeeNumber of meetingsattended in person/Number of meetingsduring term of officeNumber of meetingsattended by proxy/Number of meetingsduring term of office Attendance rate (%)Mr. Yam Chi Kwong, Joseph 4/4 0/4 100Mr. Wang Yong 4/4 0/4 100Mr. Zhang Jianguo 3/4 1/4 100Ms. Chen Yuanling 4/4 0/4 100Mr. Zhao Xijun 4/4 0/4 100Mr. Wong Kai-Man 4/4 0/4 100Resigned membersMr. Chen Zuofu 3/3 0/3 100Mr. Zhu Xiaohuang 1/2 1/2 100Mr. Lu Xiaoma 1/1 0/1 100In 2013, the risk management committee will continue to conscientiously perform their duties, promote the fulfilment of various regulatoryrequirements, further improve comprehensive risk management system, and continue to strengthen the management of credit risk, market risk,operational risk and compliance risk. It will also steadily promote the implementation of the advanced measurement on capital management toimprove risk management.China Construction Bank Corporation annual report 201263
7 CORPORATE GOVERNANCE REPORTNomination and compensation committeeThe nomination and compensation committee consists of five directors. Rt Hon Dame Jenny Shipley currently serves as chairperson of thenomination and compensation committee. Members include Mr. Wang Yong, Mr. Zhu Zhenmin, Ms. Elaine La Roche and Mr. Wong Kai-Man.The primary responsibilities of the nomination and compensation committee include:• formulating criteria and procedures for the selection and appointment of directors and senior management;• proposing candidates for directors, presidents, chief audit officer, secretary to the Board and board committee members to the Board;• evaluating the structure, number of members and formation of the Board (including terms of expertise, knowledge and experience), andproposing suggestions on the adjustment of the Board to implement the corporate strategies;• evaluating candidates for senior management nominated by the president;• formulating development plans for senior management and back-up personnel for key positions;• formulating performance evaluation measures for directors and senior management and submitting to the Board for deliberation;• formulating compensation plans for directors, supervisors and senior management and submitting to the Board for deliberation;• reviewing the compensation management system submitted by the president;• proposing advice to the compensation plan for supervisors in accordance with the performance assessment of the supervisors by theboard of supervisors; and• monitoring the implementation of the Bank’s performance assessment and compensation systems.In 2012, the nomination and compensation committee convened five meetings in total. It refined its operational rules and proposed opinionsand suggestions on the election and performance evaluation of the directors as well as the settlement and distribution of the compensationof directors, supervisors and senior management. Regarding nomination, the nomination and compensation committee reviewed proposalsfor electing director candidates, appointing senior management personnel and electing the members of the Board committees. Regardingcompensation, the nomination and compensation committee organised the settlement scheme of the compensation for directors, supervisorsand senior management for 2011, studied detailed implementation rules for the distribution of compensation for directors, supervisors andsenior management for 2012. Regarding the fundamental work, the nomination and compensation committee debriefed the progress of thesupplementary mechanism of members of the Board, staff remuneration analysis and human resources management projects.Members of nomination and compensation committeeNumber of meetingsattended in person/Number of meetingsduring term of officeNumber of meetingsattended by proxy/Number of meetingsduring term of office Attendance rate (%)Rt Hon Dame Jenny Shipley 4/5 1/5 100Mr. Wang Yong 5/5 0/5 100Mr. Zhu Zhenmin 4/5 1/5 100Ms. Elaine La Roche 1/1 0/1 100Mr. Wong Kai-Man 5/5 0/5 100Resigned memberLord Peter Levene 3/3 0/3 100In 2013, the nomination and compensation committee will continue to accomplish the work in connection with nomination, further advancethe remuneration and appraisal measures for directors, supervisors and senior management of the Bank in accordance with the nationalremuneration policies. The committee will propose the settlement of compensation for directors, supervisors and senior management for 2012according to the operation results of the Bank and comprehensive consideration of various factors, and pay attention to the remuneration systemand the training for staff at all levels of the Bank.64 China Construction Bank Corporation annual report 2012
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Annual Report 2012China Constructio
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DEFINITIONSIn this annual report, u
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INTRODUCTIONHeadquartered in Beijin
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2 CORPORATE INFORMATIONLegal name a
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2 CORPORATE INFORMATIONForbes Ranke
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3 CHAIRMAN’S STATEMENTDear shareh
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14 UNAUDITED SUPPLEMENTARY FINANCIA
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15 ORGANISATIONAL STRUCTUREPublic R
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16 BRANCHES AND SUBSIDIARIESTier-on
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16 BRANCHES AND SUBSIDIARIESChongqi
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16 BRANCHES AND SUBSIDIARIESZhejian
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Annual Report 2012

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