Corporate Governance

Sound corporate governance is the cornerstone to secure the interests of stakeholders and achieve
sustainable development. In 2009, CDB continued to optimize its corporate governance in line with
the requirements of building a modern financial corporate system.

Main progress in corporate governance efforts in 2009

• Improving the mechanism comprised of the Shareholders' General Meeting, the Board of Directors and the Board of Supervisors and the Senior Executive Management, and setting up special committees respectively under the Board of Directors and the Board of Supervisors;
• Formulating the Rules of Procedures of the Shareholders' General Meeting, the Rules of Procedures of the Board of Directors, the Rules of Procedures of the Board of Supervisors, the Governor’s Working Rules as well as the rules of procedures for the various special committees under the Board of Directors and the Board of Supervisors;
• The shareholders’ General Meeting and the boards of directors and supervisors operate independently according to laws, support and advance the bank’s reform and development in line with the duties entrusted by the Articles of Incorporation;
• Convening three Shareholders’ General Meetings, six Board of Directors’ meetings, and four Board of Supervisors’ meetings;
• isclosing information in a timely fashion to the regulatory authorities, shareholders and the general public;
• Establishing CDB Financial Company and preparing for the start-up of CDB Securities