Tianjin State owned Assets Supervision and Administration Commission: Assisting the high-quality development of state-owned enterprises in Tianjin with high-level corporate governance
Article source: "Tianjin State owned Assets" Learning Power Account Release time: May 18, 2022 17:12
On May 16th, the Tianjin Municipal Government Information Office held a special press conference on "High level corporate governance helps high-quality development of state-owned enterprises in Tianjin". Zhang Bingjun, a first level inspector of the Municipal State owned Assets Supervision and Administration Commission, introduced the successful experience of Tianjin's state-owned enterprises in improving corporate governance, which received widespread attention.
In 2016, he delivered an important speech at the National Conference on Party Building in State Owned Enterprises, pointing out the direction for state-owned enterprises to strengthen Party leadership, strengthen, optimize, and become a large country with capital and state-owned enterprises.
The first 'persistence' - focusing on top-level design
As the saying goes, "Those who do not plan for the world are not enough to plan for a moment; those who do not plan for the overall situation are not enough to plan for a certain area." The Tianjin State owned Assets Supervision and Administration Commission attaches great importance to the top-level design of the construction and operation level of the board of directors, and promotes various work in a "1+N+4" model to effectively consolidate the foundation of corporate governance.
Among them, '1' refers to developing a system plan. The Tianjin State owned Assets Supervision and Administration Commission, through in-depth learning and research on economic development and enterprise operation laws, has determined the work policy of "innovating ideological concepts, improving institutional design, improving organizational structure, and scientific assessment and distribution". It has systematically formulated the "Work Plan on Promoting the Construction of Regulatory Enterprise Corporate Governance and Board of Directors Norms" and proposed 9 major measures from five aspects: ideology, system, organization, ability, assessment and distribution, Improve the level of corporate governance in all aspects. 'N' refers to the improvement of N institutional mechanisms. By focusing on improving corporate governance, building and operating the board of directors, and managing external directors, a series of policy documents have been issued, continuously improving the institutional system, and forming a relatively systematic institutional support. As of the end of April 2021, all regulatory enterprises and their 126 important subsidiaries included in the three-year action key tasks of state-owned enterprise reform have completed the revision of the "Three Meetings" rules of procedure and the "1+3" power and responsibility table, and regulatory enterprises have fully established a board of directors authorization management system to the management, accounting for 100%. '4' refers to a clear set of 4 action plans. Focusing on key reform tasks such as building the board of directors to the fullest, coordinating and strengthening, standardizing operation, and implementing powers, we will promote the gradual realization of both form and spirit in the supervision of enterprise group level boards, and continuously consolidate the operational foundation of subsidiary enterprise boards. As of the end of April 2021, all regulatory enterprises have established a board of directors with a majority of external directors, accounting for 100%; The 688 subsidiary enterprises that should establish a board of directors have fully established a board of directors, accounting for 100%.
The second 'persistence' - focusing on capacity building
As the saying goes, capacity building is the cornerstone of responsibility and a prerequisite for "being able to do things and accomplish things". In response, Tianjin State owned Assets Supervision and Administration Commission has established the "Four Ones" mechanism to effectively improve the performance level of board members and staff.
One is to build a team of external directors. The Tianjin Municipal State owned Assets Supervision and Administration Commission focuses on "selecting excellent, matching accurately, building strong, and using well", high-quality selection and supervision of external directors at the enterprise group level, and establishing a talent pool of over 200 external directors. As of now, regulatory enterprises have a total of 56 external directors, of which 52 have experience in external directors, independent directors, or economic management, accounting for nearly 93%. The second is to prepare a work manual. The Tianjin State owned Assets Supervision and Administration Commission focuses on highlighting regulatory requirements, summarizing and summarizing the organizational structure, operational rules, and personnel performance of the board of directors, and compiling the "Supervisory Enterprise Board Work Manual" to provide necessary "hand books" for directors and board staff to perform their duties. The third is to establish a set of "should know and should know" question banks. In view of the basic knowledge of corporate governance and the contents of the work of the board of directors that should be known and should be met, Tianjin SASAC has prepared the "standardized construction question bank of the board of directors", which is widely used in the pre job Achievement test, post training effect evaluation and other scenarios of directors and board staff, effectively helping to improve the level of performance. The fourth is to conduct a "full staff training". In order to improve the ability of board members, board secretaries, and board office staff to perform their duties, the Tianjin Municipal State owned Assets Supervision and Administration Commission conducts an annual special training on board construction at the level of supervising enterprise groups, and penetrates it into subsidiary enterprises at all levels and key state-owned enterprises under the district in the form of videos. Since 2020, a total of 6 large-scale specialized training sessions have been organized, with a total of more than 4800 trainees. For two consecutive years, all directors and board staff at all levels have undergone rotation training once.
The third 'persistence' - focusing on implementation and achieving results
The Tianjin State owned Assets Supervision and Administration Commission has solidly promoted various work with the "Four Measures" to ensure the successful implementation of reform tasks, with the principle of "one point deployment, nine points implementation".
One is to implement the "package alliance" assistance mechanism. The Tianjin Municipal State owned Assets Supervision and Administration Commission has established a "package connection" assistance mechanism for the board of directors' work responsibility department and regulatory enterprises, in accordance with the principles of "matching strength with weakness", "matching entity groups with platform companies", "matching public welfare enterprises with competitive enterprises", and "matching financial enterprises with non-financial enterprises". Each staff member is responsible for guiding the construction of the board of directors of 7 to 8 regulatory enterprises, and promoting the overall improvement of corporate governance at all levels. The second is to strengthen the daily research and supervision mechanism. By organizing staff to conduct in-depth research and guidance in various regulatory enterprises and relevant important subsidiaries, we will answer questions and clarify common and difficult issues, promptly correct any non-standard issues found, and ensure that the construction of the board of directors is not distorted. In 2021, full coverage of research and supervision on regulatory enterprises was achieved, and more than 70 subsidiary enterprises at all levels were surveyed and guided in conjunction with relevant work. The third is to actively select typical benchmarks for trees. The State owned Assets Supervision and Administration Commission of Tianjin attaches great importance to the role of regulatory enterprises as a pilot. In 2020, seven enterprises of different types, scales, and formats were established to carry out pilot projects for board construction. Among them, one primary enterprise and one backbone secondary enterprise were rated as a national demonstration enterprise for state-owned enterprise corporate governance by the State owned Assets Supervision and Administration Commission of the State Council. We have organized multiple thematic exchange seminars to vigorously promote advanced experience and practices, forming a strong atmosphere of comparing learning and helping others, striving to excel. Fourthly, make good use of the "baton" for reform assessment. In order to fully implement the main responsibility of regulatory enterprises in promoting the construction of subsidiary board of directors and strengthen work assessment and evaluation, the Tianjin Municipal State owned Assets Supervision and Administration Commission links the evaluation results with the performance compensation of regulatory enterprise leaders and external directors, effectively conveying work responsibilities, and promoting the construction of board of directors to take root at the grassroots level.
Standing at the historical starting point of the new development stage, Tianjin state-owned enterprises will focus on the central task of "winning the" 14th Five Year Plan "turnaround battle" and "contributing to the high-quality development of the city", with a focus on the three-year action of decisive victory, deepening the "one enterprise, one policy" reform, and preventing and controlling debt risks. We will strengthen, optimize, and become a large country with capital and state-owned enterprises, and welcome the successful convening of the 20th National Congress of the Communist Party of China and the 12th Party Congress of the city with outstanding achievements Zhang Bingjun said.