Hikvision corporate governance structure
Intelligent Microwave Detector ,As an independent and publicly traded corporation, Hikvision has a diverse set of private and public shareholders. As of June 30, 2016, 41.88% of Hikvision’s shares are jointly owned by China Electronics Technology HIK Group Co., Ltd. (CETHIK) and CETC No. 52 Research Institute, both are part of CETC, a state-owned enterprise; 18.28% is privately owned by Mr. Kung Hung Ka (a Hong Kong permanent resident); 8.48% is owned by the company’s founders and executives; and the remaining 31.36% is owned by A-shares investors; International institutional investors such as UBS AG and JP Morgan are among Hikvision’s top 10 shareholders. Currently, Hikvision’s Board of Directors consists of eight directors, three of whom are independent directors. Five non-independent directors include Mr. Chen Zongnian and Mr. Liu Xiang designated by CETHIK and CETC No. 52 Research Institute; Mr. Kung Hung Ka, the founding shareholder; and, Mr. Hu Yangzhong and Mr. Wu Weiqi on behalf of the Company’s senior management team. The three independent directors are Mr. Cheng Tien-Chong, former president of Hewlett-Packard China, president of Texas Instruments Asia Pacific, and vice president of Hon Hai Precision Industry Co. in Taiwan; Mr. Wang Zhidong, founder of SINA Corporation listed on NASDAQ; and Mr. Lu Jianzhong, a former partner at PricewaterhouseCoopers.
As Hikvision’s Chief Executive Officer, Mr. Hu Yangzhong leads the senior management team, and oversees the Company’s daily management and business operation.
Hikvision carries out its daily operation strictly in accordance with the applicable laws and commercial-oriented principles. Shareholders Meetings, Board Meetings and Supervisory Meetings, which form the Company’s corporate governance structure, are operated according to the Articles of Association and Internal Rules of Procedures.
Hikvision’s management team has been honored as a “Top 10 Management Team of SME Board-Listed Companies” by Securities Times for five consecutive years. Additionally, the Company’s Board has been recognized as the “Best Investor Relations among SME Board Companies” and the “Outstanding Board of Directors” by Securities Times and 21st Century respectively.http://www.greatwall-security.com/hikvision-corporate-governance-structure/Intelligent Microwave Detector For Wisdom City