Building Sustainable
Executive
Director&
Containers(Group) Ltd.
Corporate Governance Model MAI
President
China
International
Boliang,
Marine
Distinguished Guests, Ladies and Gentlemen,
With the latest development of economic globalization, Asia is
enjoying its share of economic growth, and China has now emerging as the
new engine of global economic growth. Meanwhile, Chinese companies are
playing a more and more important role in regional economic cooperation
and economic development.
I'm very honored to be invited to this important forum as a
representative of Chinese companies and discussing together with other
distinguished business leaders on "corporate governance and
competitiveness" under the theme of"Asia Searching for Win-Win, New Role
of Asia".
It has been proven by history that sound corporate governance is a
prerequisite to healthy and sustainable development of companies. Sound
corporate governance is not only a critical factor for developing business
competitiveness, but also a driving force behind national and regional
economic growth. Nowadays, corporate governance has become the focus of
business, academic and media.
After over 20 years of opening up and reform, especially after China's
accession to the WTO, more and more Chinese companies are participating
in international economic cooperation and competing in the global market.
Many of these Chinese companies have rapidly grown to be international
companies with sound corporate governance in place and gained competitive
edge in the global stage. However, many state-owned companies are still
facing severe challenges from multinational companies and corporate
governance is still an important agenda to be deliberated.
CIMC was started up as an international marine containers manufacture
at the beginning of the China's opening up and reform. International
vision and philosophy were deep rooted in CIMC due to our continued service
and interaction with clients from all over the world. After about 23 years
of business development, we have come to a conclusion"accountability and
responsibility" shall be common principles for any type of companies. All
business strategies shall be applied to reach the goal of strong and
sustainable development of the company. At this juncture, I would like
share with our distinguished guests today some of our thoughts on the
sustainable corporate governance.
Structured Approach towards Corporate Governance
The ultimate goal of putting corporate governance in place is to
ensure the sustainable development of the company. The characteristics
of a sound corporate governance is the"clear distinction among equity,
clear responsibility and common interest" and the principles for
corporate governance shall be"trust and win-win". Sound corporate
governance ensures accurate decision-making, effective monitoring,
flexible management, and fair profit distribution, thus eventually
ensures the sustainable development of the company.
Enhancing the core competitiveness is the key in solving the
interests' conflicts among stockholders, board of directors and
executives. The interests of the public, stockholders, executives are
coordinated through concerted manner. Under the guidance of clear
management margin, different stakeholders taking different roles and
exercising different rights, carrying out different responsibilities and
sharing profits proportionately, thus creating a healthy harmonious
system arrangement.
Professional Management Team
Professional management team is required to implement the business
strategies. Such a team shall be an independent and self managerial team.
Sound corporate governance and system arrangement create a viable career
development platform for management team which in return ensures the
sustainable development of the company.
Common vision and goal are the prerequisite for building a harmonious
management team. Unity is the characteristic of such a team. Professional
management team ensures a consistent and stable business development
philosophy and effective implementation of business strategies.
Professional management team shall also assist in creating companies'
flexibility in tackling with challenges and taking opportunities.
Corporate Governance with"Accountability& Responsibility" as Core
Value
"Accountability& responsibility" shall be the core value for any
ambitious company seeking for sustainable development. The core values
shall be the guidance in developing business strategies and all management
behavior. Otherwise, even the perfect corporate governance structure will
fail.
The core value of"accountability and responsibility" requires the
company to be focused on sustainable development. The company shall not
only create value for its customers and stockholders, but also create
values for the public and social community. Open and transparent
communication and structured approach shall be the basis for such a sound
corporate governance system.
When we look back at the development history of western companies,
we can see corporate governance is correlated to the development stage,
corporate culture, business characteristics and business environments of
specific companies. As a public listed company, under the guidance of the
above principles, CIMC shall strive to build a sustainable corporate
governance system so as to promote the modernization of global
transportation equipments industry. It is also our hope that many more
Chinese companies will develop sound corporate governance structure and
enhance their competitiveness.
Ladies and Gentlemen, Dear Friends,
The developments of Chinese companies will correlate closely with the
rise of China and prosper of Asia. More and more opportunities for future
cooperation are emerging against the backdrop of economic globalization
in the world. I call on my fellow Chinese companies to reach out to overseas
friends and partners and participate actively in the global economic
cooperation.
Thank you.