JISCO Corporate Governance & Stakeholder Engagement
Corporate Governance & Decision-Making
JISCO Group followed the rule of modern enterprises development. We are committed to revising the System Implementation and Supervision Measures of the “Three Major and One Crucial” Decision-Making of JISCO, establishing and improving the decision-making among the group and its subordinate enterprises at all levels. We have also made efforts to dock with the SASAC system to realize online supervision of “Three Major and One Crucial” decision-making.
In order to realize the standardized and effective operation of the Board of Directors, the company standardizes the decision-making procedures of the Board of Directors, strengthens the implementation of the resolutions of the Board of Directors by the management, promotes the construction of standardized Board of Directors.
We also clearly define the boundaries of powers and responsibilities of governance bodies, which lead to realizing that all major decisions will be considered by the Standing Committee of the Party Committee in advance. We have clarified 23 items of decision-making, 74 items of consideration by the Standing Committee of the Party Committee, 47 items of decision-making by the Board of Directors and 49 items of decision-making by the General Manager’s Office, forming an operation mechanism that everyone is responsibly in different positions, and conduct a coordinated operation.
Stakeholder Engagement
The company strengthens the organizational system and management functions of social responsibility and sustainable development, deeply roots social responsibility in corporate strategy and daily operations, builds an indicator with strategic management, operational performance, technological innovation, resources and environment, employee protection and social development as the core contents, and establishes a control mechanism integrating system, process, operation and assessment, so as to lay a foundation for
the in-depth promotion of corporate social responsibility and sustainable development.
Since 2013, we have established an organizational system for social responsibility, systematically sorting out the workflow from headquarters to subsidiaries, from management to implementation, improving the management organization system, clarifying leadership responsibilities and management departments, clearly defining work responsibilities and tasks. That is how we assume social responsibility in a scientific, systematic and standardized manner.
Shareholders involvement
The company gives priority to communicate with shareholders and involve them. That is how we further enhance our transparency and improve multi-level and multi-directional communication channels with stakeholders such as government, partners, employees and communities, effectively identify and actively respond to the expectations and demands of stakeholders in an attempt to strive to establish harmonious relationships with stakeholders.
| Stakeholders | Expectations and Requests | The Way to Communication | Our Response |
| Government | Promote employment Pay taxes according to the law Operate in compliance with law Promote local economic development | High-level meentings Meetings in information exchanges Information delivery Participation in meetings | Provide jobs Pay taxes proactively Operate in compliance with law Promote the development of local related industries |
| Stakeholders | Maintenance and appreciation of assets value Improve profitability of enterprises Increase the return rate of investment projects Enhance quality and efficiency Safety production | Dedicated liaison organization Special report Information delivery Shareholders’ meeting Business performance review Company announcement | Improve local infrastructure Deepen reform Reduce costs and increase efficiency Informatization construction Improve technological innovation Protect shareholders’ rights and interests Strengthen production safety Management |
| Personnel | Wage and welfare services Democratic management Joint growth Humanistic care Occupational Health | Employee representative assembly Open company-related affairs Complaint Box Rationalization suggestions Seminar Network communication | Provide competitive salary Establish career development project Conduct education and training Employee care Provide protective equipment and facilities |
| Customers | Commitment Provide quality and affordable products and services Improve personalized service Establish a convenient communicative channel | Daily contact with sales representatives Exhibition Customer conference Regular visits Consultation | Focus on customer needs Improve product and service quality |
| Environment | Save energy and reduce emissions Conserve resources Respond to climate change Protect the ecological environment | Environmental management Rational use of resources Implement energy saving and emission reduction Strengthen organisms construction | Energy and water management Rational use of solid waste, waste heat and clean energy Create an ecological mine Promote the greening of the plant Practice green office |
| Suppliers | Fairness and impartiality Honesty and trustworthiness Confidentiality of information Policy stability Mutual benefit and win-win result | Site visits Contract negotiations Regular visits Tender meeting Seek advice | Implement open, transparent and scientific procurement Equal negotiation Fulfil the contract Open procurement information Execute compliant procurement |
| Associations | Fair competition Industry development and progress | Join and hold positions in the association Participate in the activities organized by the association | Join and hold positions in the association Participate in the activities organized by the association |
| Community and Media Public | Improve community environment Respect community culture Support public welfare open and transparent information Release of enterprise related information on time | Community co-development Joint project development Regular exchange Hold community communication meetings Press release Media communication | Participate in community construction Support cultural construction Carry out volunteer activities Information disclosure |