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Huaneng Power International Wins the “Award for Board of Directors of Listed Companies"
On December 18th, “the Ninth China Corporate Governance Forum" was co-hosted by the Shanghai Stock Exchange, the SASAC and the Organization for Economic Cooperation and Development (OECD) in Shanghai. In the forum, winners of the "China Corporate Governance Special Award" were announced. Thanks to the excellent performance in corporate governance, Huaneng Power International stood out among over 800 listed companies and won the "2010 Award for Board of Directors of Listed Companies." Mr. Liu Guoyue, Executive Director and President of Huaneng Power International participated in the forum and received the award on behalf of the company.
The Annual Award for Board of Directors of Listed Companies was first established by the Shanghai Stock Exchange in 2009 on the Eighth China Corporate Governance Forum. It is currently the most authoritative award of its kind as well as China’s highest award for corporate governance. Huaneng Power International has demonstrated a sound governance structure, active institutional innovation, and excellent performance in capital operation, information disclosure and internal risk control. So it became one of the ten winners of the Award for Board of Directors. Since its foundation in 1994, Huaneng Power International Inc. has always paid special attention to improving its governance structure, and actively promoted the institutional, systematic and management innovation. Through strengthening internal control and risk management, Huaneng Power International ensures sound operation and forms a good market image. Through enhanced investor relationship management, it has established a good public image. Through enforcing its CSR, such as energy conservation and environment protection and sustainability enhancement, the company has set up a good social image.
In 2010, due to its outstanding achievements in protecting shareholder rights, promoting information disclosure and transparency, strengthening the Board and its management system, increasing public awareness, developing investor relations and reinforcing corporate social responsibility, Huaneng Power International also won "the Sixth Asian Corporate Governance Award" organized by "Corporate Governance Asia" magazine.
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