Shandong International Trust (1697) released a board-approved document detailing the responsibilities and operational mechanisms of its newly established Strategies and Risk Management Committee. According to the announcement, the committee is formed under the Board of Directors to standardize decision-making processes, prevent operational risks, and ensure stable company operations.

The committee comprises at least three members, including the board chair and other directors elected by the Board. Members serve three-year terms and may be re-appointed subject to board approval. The committee is tasked with researching and proposing medium- and long-term development strategies in light of macroeconomic trends, supervising the implementation of these strategies, and formulating special plans for both trust and proprietary operations.

Another key responsibility involves monitoring and evaluating major risks. The committee will consider regular or special risk management reports and oversee compliance with applicable laws and regulations. Duties also include the establishment of internal compliance policies, reviews of anti-money laundering measures, and the proposal of guidelines to prevent and control potential cases that may expose the company to significant risk.

The committee will meet under procedures that require at least two-thirds of its members to be present, with decisions passed by a similar threshold. Administrative support is provided by the Research and Development Department and the Risk Control Department, each responsible for preparing relevant materials, drafting resolutions, and maintaining records. The terms take immediate effect upon board approval and serve as a key framework for the committee’s operations and oversight of the company’s strategic and risk-related activities.