Annual Report 2012

7 CORPORATE GOVERNANCE REPORTComposition of the board of supervisorsThe board of supervisors currently consists of nine supervisors, including four shareholder representative supervisors, namely Mr. Zhang Furong,Ms. Liu Jin, Mr. Song Fengming and Mr. Zhang Huajian, three employee representative supervisors, namely Mr. Jin Panshi, Mr. Li Weiping and Ms.Huang Shuping, and two external supervisors, namely Mr. Guo Feng and Mr. Dai Deming.The term of office of the supervisors is three years, and they may be re-elected upon expiration of their term of office. The shareholderrepresentative supervisors and the external supervisors of the Bank are elected by the shareholders’ general meeting, and the employeerepresentative supervisors are elected by the employee representative organisation.Chairman of the board of supervisorsMr. Zhang Furong is the chairman of the board of supervisors of the Bank and is responsible for organisation and performance of duties of theboard of supervisors.Operation of the board of supervisorsThe board of supervisors convenes regular meetings, generally not less than four times a year, and extraordinary meetings are convened, if andwhen required. Meetings of the board of supervisors may be convened by on-site conference or written resolutions. Supervisors are generallynotified in written ten days prior to the convening of the board of supervisors’ meeting. Matters concerning such meeting are specified in thewritten notice. During the meeting, the supervisors are free to express their opinions, and decisions on important matters are only made afterdetailed discussions.Detailed minutes are prepared for the meetings of the board of supervisors. At the end of each meeting, minutes will be circulated to all attendingsupervisors for review and comments. After finalising the minutes, the board of supervisors’ office shall be responsible for distributing the finalversion of the minutes to all supervisors.The board of supervisors may engage external legal advisors or certified public accountants when necessary to discharge its duties, and theBank will bear all related expenses. The Bank takes necessary measures and methods to ensure supervisors’ right to information, and providesrelevant information and materials to them in accordance with related regulations.Members of the board of supervisors may attend board meetings as non-voting attendees, and the board of supervisors may, as it considersappropriate, assign supervisors to attend as non-voting attendees such meetings of the Bank as meetings of board committees, annual workconference, symposia of general managers of branches, analytic meetings on operating conditions, and president executive meetings. The boardof supervisors of the Bank conducts supervisory work through measures such as inspection and review of information, off-site monitoring andanalysis and on-site specific inspection, visits and symposia, and performance and due diligence evaluation.The Bank effected supervisors’ liability insurance policy for all the supervisors in 2012.66 China Construction Bank Corporation annual report 2012