As the executive body of the Bank, the Senior Management consists of the President, Executive Vice Presidents, Secretary to the Board of Directors, and other senior management personnel selected by the Board of Directors. The President of the Bank shall report to the Board of Directors and accept supervision from the Board of Supervisors.
The Executive Vice Presidents and other senior management members shall assist the President in responsibilities and take charge of specific areas as provided by the Articles of Association of the Bank and authorized by the President.
The division of authorities between the Senior Management and the Board of Directors is made in strict accordance with the Articles of Association of the Bank and other corporate governance documents.
The President shall exercise the following powers and perform the following duties in accordance with the Articles of Association of the Bank:
• taking charge of the business management of the Bank and organizing the implementation of resolutions of the Board of Directors;
• authorizing Executive Vice Presidents, other senior management members, persons in charge of internal functional departments, overseas and domestic tier-1 branches, and branches and other affiliates directly managed by the Head Office, to carry out daily management and business operation within the authority delegated by the Board of Directors;
• developing specific rules and regulations (excluding those for internal audit) of the Bank;
• developing business plans and investment plans of the Bank and organizing the implementation thereof after approval by the Board of Directors; developing policies and basic management procedures of the Bank, and advising the Board of Directors in these matters;
• developing annual budgets and final accounting, risk capital allocation plans, profit distribution and loss recovery plans, registered capital increase or decrease plans, bond and other securities issuance plans, public listing plans and share repurchase plans, as well as advising the Board of Directors;
• drafting the plans for the setup of internal functional departments, domestic and overseas tier-1 branches and branches and other affiliates directly managed by the Head Office, and making suggestions in that respect to the Board of Directors;
• other powers and duties as conferred and imposed by laws, administrative regulations, government department rules, the Articles of Association of the Bank, the General Meeting of Shareholders and the Board of Directors.