On June 22, 2011, China's most authoritative listed company's selection campaign, "The 4th Best Board of Directors for Listed Companies in China," was unveiled in Shenzhen. Weichai Power Co., Ltd. is characterized by a standardized, professional and efficient board operation. The results of corporate governance won two honors: "Best Board of Directors of China's Mainboard Listed Companies (Top 10)" and "2011 China's Listed Companies Create the Most Valuable Board of Directors"; Chairman Tan Xuguang was elected the "2011 most respected director of listed companies in China" “Longâ€; the secretary of the board of directors was elected “the secretary of the best board of directors of the 2011 listed company in Chinaâ€.
The jury members agreed that the Weichai Power's five major indicators systems, namely, capital return, strategic management, board governance, social responsibility and market value management, all reflect the outstanding value management of the board of directors and are particularly prominent in the boards of listed companies. It is indeed worthwhile to be awarded this honor for the third consecutive year.
The “Best Board of Directors Selection for Chinese Listed Companies†was sponsored by the 21st Century Economics Journal. The selection process lasted for four months. The evaluation committee commissioned the Hong Kong Board of Directors Research Institute to use the data of 2125 listed companies in China as research samples and adopt the VOD research system. The use of 23 secondary indicators and 61 three-level quantitative indicators to objectively evaluate and quantify the establishment of board of directors and corporate governance of listed companies in China. At the same time, the organizing committee also specially invited the "Board of Experts Interview Group" composed of well-known securities analysts, fund researchers and professional financial reporters to conduct the "listed companies in corporate governance, board building" and other related topics on listed companies. A large-scale visit to the survey resulted in the selection of the “4th Best Board of Directors of China's Listed Companies†in conjunction with the quantitative indicators of the jury.
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