OREANDA-NEWS. July 19, 2011. ICBC has stepped up its efforts on corporate governance program since its shareholding restructuring. The aim is to establish a comprehensive and efficient corporate operation mechanism and improve corporate governance practices. At the recent 2011 Corporate Governance Award Program organized by the Corporate Governance Asia (HK), ICBC took the "Corporate Governance Asia Recognition Award" for the third consecutive year, proving its outstanding performance in corporate governance. Meanwhile, Chairman Jiang Jianqing has been conferred with the title of "Asian Corporate Director Recognition Award" presented by the magazine. Chairman Jiang Jianqing was the first Chairman from China's listed bank to win the award, reported the press-centre of ICBC.

The Corporate Governance Asia is the only professional magazine in Asia Pacific region with special focus on corporate governance. "Corporate Governance Asia Recognition Awards" are awarded to top companies in recognition of their outstanding performance in corporate governance during the past 12 months related to the protection of shareholders' interest, disclosure of information, operation of Board of Directors, investor relations and corporate social responsibility. The awards are widely respected in the industry. In commenting the award to ICBC, Corporate Governance Asia said, in the past one year, ICBC has scaled up its efforts on its business portfolio, reform and innovation, Board of Directors and the members of the committees, fundamental guidelines on corporate governance. The Bank has pushed for the implementation of Basel Capital Accord, initiative on information disclosure and the quality of services to investors.

ICBC has dutifully fulfilled its social responsibility and moved steadily despite the complex and changing operating environment. ICBC has secured itself as the world's No.1 publicity-traded bank in terms of market value, profitability and customer deposit. The magazine's "Asian Corporate Director Recognition Awards" recognize the outstanding corporate directors in corporate governance. Corporate Governance Asia recognized Chairman Jiang Jianqing's efforts to lay a solid foundation for ICBC to seize the great opportunity and continue increasing value to shareholders, also his contribution to the social responsibility, environmental protection and continuous improvement on the corporate governance in Chinese company. Chairman Jiang Jianqing deserves his Award.

Good corporate governance is crucial to the stable operation of the banking industry and whole financial system, also a key factor in judging how fast and how far can a bank go, said an executive with the ICBC. Good corporate governance is a guarantee for the continuous growth of company value. Over the past few years ICBC stands at the forefront of corporate governance as a key move to increase its core competence. The Bank adheres to the objectives of sustainable growth of company value, excellent return to shareholders. By drawing successful experience from international financial firms, ICBC aligns with its own situation and strictly follows the local laws, regulations and regulatory rules to improve and develop a culture to put emphasis on corporate governance. The awards to ICBC and Chairman Jiang Jianqing from Corporate Governance Asia demonstrate the recognition and confirmation from the capital market and corporate governance professionals at home and abroad on ICBC's corporate governance program.