Our scientific and transparent corporate governance with high Integrity creates a solid foundation for the company's sustainable development.
Ping An takes both domestic and international board management experiences in the establishment of a series of board and director regulations to increase transparency and credibility.
The Group’s Nomination Committee has constructed “Instructions for Nomination Committee” to ensure a balanced set of qualifications, technical expertise, experiences, and diversity to provide wide range of perspectives, efficient and effective operations, and high standards of corporate governance. All nomination processes, election results, and disclosure requirements are strictly structured, following corresponding laws and regulations.
Independent Director Regulations
Independence refers to directors who have no other position inside Ping An other than being on the board of directors, and does not have any conflict of interest with the company or controlling shareholders of the company. Independent director election and selection process is strictly regulated with clear guidance through shareholder meetings. At least one third of the board members must be independent according to the regulation. Independent directors should conduct their duties with due diligence, independence, and in good faith to protect the interests of the company, insurers, and shareholders. Independent directors should not be affected by principle shareholders, controlling parties, management team, or other parties that may pose severe conflict of interests to Ping An. They should be able to form objective, fair, and independent opinions. The supervisory board will conduct regular ratings and reviews for to performance improvement and tenure management.
A set of comprehensive business code of conduct is the foundation of good corporate governance. Ping An keeps high standards of internal control and leads by example for the mutual benefits of all stakeholders.
As a leading comprehensive financial services group, Ping An abides by our Business Code of Conduct, in compliance with laws and regulations, industry standards, based on real business scenarios, and sustainability related internal regulations. Strong and practical codes of conduct and disclosure systems help us safeguard the interest of internal and external stakeholders. We believe the positive benefits of codified business ethics and good conduct for our environment, the community, and sustainable growth of our own business.
Company Level Business Ethics Statement
Ping An has constructed regulations such as " Anti-Money Laundry Regulations", "Integrated Procurement and Supplier Management", "Whistleblower Procedures" to establish systematic management and transparency. Ping An pledges to uphold strict tax policies, anti-trust and anti-monopoly, anti-money laundry, anti-terrorist financing, and sanctions compliance, fairness and individual rights protection, and whistleblower procedures.
Statement on Employee Business Conduct
Ping An pays close attention to employee business conduct. To ensure systematic training and transparent management, Ping An has established regulations such as "Information Security Management Regulations", "Conflict of Interests Management", and "Anti-Fraud Regulations" to regulate employee actions and establish behavior standards. Ping An established clear guidance regarding information management and social media management, insider trading and conflict of interests, bribery, corruption and fraud. Ping An is against all actions that hinder fair and normal business activities, and complies with all laws and regulations, industry standards, and internal control.
For further details, please refer to the “Ping An Business Code of Conduct”.