OREANDA-NEWS. December 11, 2012. Recently, the results of corporate-governance evaluation of Chinese listed companies for the year 2012 and the Report on Corporate Governance Performance of Listed Companies were respectively released in Beijing and Hong Kong. Bank of China, due to its excellent corporate governance performance, won the Best Corporate Governance award and ranked among the Top 10 Best-Governed Companies respectively, reported the press-centre of Bank of China.

The Corporate-Governance Evaluation 2012 is a state-level major social science program held by the Chinese Corporate Governance Research Institute of Nankai University. It evaluates performances from various aspects including governance by shareholders, the board of directors,  the board of supervisors and  the management, information disclosure, stakeholders’ governance. This year, 10 Best Corporate Governance companies were selected out of 2,328 listed ones.

The Report on Corporate Governance Performance of Listed Companies 2012 was jointly issued by the Hong Kong Institute of Directors and Hong Kong Baptist University. In line with the evaluation criteria established by the Economic Cooperation and Development (OECD), the report provided scores of 121 constituent stocks of the Hang Seng Index on their corporate governance on the basis of five aspects, namely, shareholders’ rights, fair treatment of shareholders, the role of stakeholders, publicity and transparency, and the responsibility of the board of directors.

Sound corporate governance is the key to the healthy operation of capital markets. In recent years, Bank of China has taken the pursuit of excellence in corporate governance as an important goal during its development and, based on a scientific corporate governance structure, improved corporate governance system and efficient corporate governance mechanism, the Bank has pushed ahead its practice in corporate governance with its own characteristics. Its good corporate governance has played a positive role in scientific decision-making, risk prevention, image improvement in the market, value creation for shareholders, etc.