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Achievement indicators and keynote report |
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| I. Economic achievement
indicators and economic report |
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Target: |
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| Long-term target: |
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| Medium-term target: |
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| Short-term target: |
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"Creating 10 Billion Yuan of Annual Profit, Building
Permanent COSCO", of which, "Building Permanent COSCO is the
basic target", "Creating 10 Billion Yuan of Annual Profit" is
economic base. |
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| Becoming a system integrator of international shipping logistics industry. |
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Realizing two conversions. Converting from a global
carrier into a global logistics operator relying on shipping
business, from international business operator into a multinational
company. |
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Policies and regulations: |
COSCO has established decision making quality management system with the ISO9000 as the framework, which extends to the comprehensive risk management system. Second-tier subsidiary companies have brought decision making and management into the ISO9000 Quality Management System for control and started to set up comprehensive risk management, in a bid to ensure the effective execution and settlement of the group's strategy.
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Organizational liabilities: |
The group and second-tier subsidiary companies have set up special sectors for the management system, and assigned the decision-making and management liability to each function departments through the Work Standard.
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Training: |
Every year COSCO organizes obliged training for administrative executives of the management system to update their knowledge.
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Supervision: |
Each functional sector is responsible for daily supervision; supervision sector and internal auditing sector are responsible for comprehensive supervision.
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Certification: |
COSCO's modern enterprise management system passed the joint certification of Det Norske Veritas and China Classification Society Quality Assurance Ltd. Each second-tier subsidiaries' management system has also passed the certification.
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