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8 Steel Companies Was Ranked China's Best Board 50, 2018

Sep. 07, 2018

Recently, Fortune and Yi'an Hanwitt Management Consulting jointly launched the first "China's best board of directors 50" results announced, Baosteel shares and other eight steel companies on the list.

Taking the 2008 Fortune 500 companies as candidate pools, taking the ROE and the market value growth rate of 2017 as consideration, 148 primary candidates were selected, which were both higher than the median of the same industry in terms of the two indicators, and then from the return on net assets, the market value growth rate and absolute value, the proportion of the sole directors. The board selected the quality and other dimensions, and finally selected the 50 companies with the highest score. The selection aims to make the market and more enterprises understand the efficient governance model of the board of directors, and its value in improving the productivity of the whole society, the survival and development of the company, and the formation of a good business system.

It is understood that the board of directors of Baosteel has been in operation for many years, striving to promote the standardized operation of corporate governance and scientific and efficient business decision-making, adhering to the principle of openness and transparency, focusing on information disclosure, investor management and market value management, leading the company's strategic development, continuously improving business performance, effectively controlling business risks and securities shares. The interests of the East have played an important role.

In addition to Baosteel, the other seven steel enterprises are Fangda Special Steel Technology Co., Ltd., Fujian Sangang Minguang Co., Ltd., Hunan Hualing Iron and Steel Co., Ltd., Xinjiang Bayi Iron and Steel Co., Ltd., Liuzhou Iron and Steel Co., Ltd., Ma'anshan Iron and Steel Co., Ltd., and Xinyu Iron and Steel Co., Ltd. Company.

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