China Construction Bank Corporation(601939) board of directors audit committee
2021 annual performance report
1、 Composition of the Committee
The audit committee of the bank consists of six directors, the chairman is Mr. Zhong jianian, an independent non-executive director, and the members include Mr. Tian Bo, Ms. Liu Fang, Mr. Graham Wheeler, Mr. Michelle Madeleine and Mr. William Cohen. Among them, there are 2 non-executive directors and 4 independent non-executive directors. The composition of the committee meets the requirements of corporate governance and domestic and foreign supervision.
2、 Responsibilities of the Committee
The main responsibilities and authorities of the Audit Committee include:
1. Supervise the bank’s financial reports and review the bank’s accounting information and the disclosure of major events;
2. Supervise and evaluate the bank’s internal control;
3. Supervise and evaluate the internal audit of the bank;
4. Supervise and evaluate the external audit;
5. Pay attention to possible misconduct and ensure appropriate arrangements;
6. Report the work of the committee to the board of directors;
7. Other matters authorized by the board of directors.
3、 Performance of duties
In 2021, the audit committee held 6 formal meetings, 1 pre communication meeting for annual and semi annual financial reports and 2 separate communication meetings with external auditors. The audit committee focuses on and promotes the following matters, and puts forward important opinions and suggestions to support the decision-making of the board of directors:
Supervise and review regular reports. Review the semi annual reports, summaries, performance announcements and the first and third quarter reports of 2020 and 2021, strictly implement the pre communication system of annual report and semi annual report, and fully exchange opinions with the management and external auditors; Pay attention to and promote the rectification of stock financial assets; Pay attention to the measurement and disclosure of expected credit losses, and urge the continuous optimization of the relevant disclosure of periodic reports; Pay attention to the impact of covid-19 epidemic, macroeconomic situation and changes in regulatory policies on asset quality.
In terms of annual report work, in accordance with the requirements of the CSRC and the annual report working procedures of the audit committee of the board of directors of the bank, the audit committee reviews the annual financial report, and fully communicates with the management and forms written opinions before the external auditors enter the site; Strengthen communication with external auditors and review the annual financial report again for the preliminary audit opinions issued by external auditors; After the audit of the annual financial report is completed, the audit committee shall review and vote and submit it to the board of directors for deliberation.
Supervise and evaluate external audit. Supervise and urge the annual external audit evaluation on a regular basis and serve as an important reference for the appointment of external auditors; Agree to renew the appointment of Ernst & young as the external auditor of CCB in 2021 and submit it to the board of directors for deliberation; The external audit service contract of 2021 was approved. Listen to the external audit plan, update and implementation, regularly listen to the external audit financial report, audit report, study the external audit management suggestions, communicate key audit matters, and regularly accept the summary and filing of external audit work.
Supervise and evaluate internal control and internal audit. Pay attention to internal control, regularly evaluate the effectiveness of internal control, issue evaluation reports and disclose them to the public; Pay attention to the relevant findings of internal control defects in internal and external audit and internal control evaluation, and promote the continuous improvement and optimization of internal control. Pay attention to the internal audit work, listen to the internal audit plan and update, pay attention to whether the internal audit has sufficient operation resources, regularly listen to the summary report of internal audit findings, continue to promote the rectification of internal audit findings, and promote the coordination of internal and external audit.
4、 Attendance of committee members
Attendance in person / attendance by proxy / attendance by proxy
Number of meetings of members of the Audit Committee during their term of office attendance rate of meetings during their term of office (%)
Mr. Zhong jianian 6 / 6 0 / 6 100
Mr. Tian Bo 6 / 6 0 / 6 100
Ms. Liu Fang 6 / 6 0 / 6 100
Mr. Graham Wheeler 6 / 6 0 / 6 100
Mr. Michel Madeleine 6 / 6 0 / 6 100
Mr. William Cohen 2 / 2 0 / 2 100
Outgoing member
Mr. Carl water 4 / 4 0 / 4 100
5、 Main work arrangement in 2022
In 2022, the committee will continue to strengthen the supervision of periodic reports, meet the accounting standards and domestic and foreign regulatory requirements, continuously optimize the disclosure of periodic reports and provide professional suggestions to the board of directors; Supervise and evaluate external audit and promote the improvement of external audit service quality; Supervise and guide internal audit, supervise and urge the implementation of rectification found in audit; Strengthen the supervision and evaluation of internal control, and urge the continuous improvement of the soundness and effectiveness of the internal control system; Assist the board of directors in carrying out relevant work according to the authorization of the board of directors.
