to provide board governance support for corporations in China
 

National PRC directory of board directors to be developed

 

San Francisco, CA, December 2, 2010 – Intrabond Capital U.S., Inc. announced today it has signed an exclusive contract with the Shanghai International Training Center for Economy and Information, approved by the China Ministry of Foreign Affairs, to provide board governance support for corporations in China.

The contract includes support by Intrabond for training and education, establishing a national directory of board directors and conducting evaluations of corporate boards, including public, state-owned and pre-IPO entities.

Initial activities will focus on training board directors, corporate directors and government officers to establish awareness of global best practices and accountability in governance. The national directory will provide a consolidated database of profiles of existing directors to provide guidance on continuing education needs and a tool for sourcing directors for future assignments. National directory participants will also become members of Intrabond’s international registry of board directors, called Board Bona Fide. Board Bona Fide is available to clients and executive search firms who seek qualified directors for boards of global companies.

CEO of Intrabond Capital U.S., Inc., Dr. Donna Hamlin, notes “We are delighted China is making this commitment to addressing board governance standards and are honored to be chosen to partner with China businesses on this important initiative. We are confident we can make a major contribution through Intrabond’s best practice board evaluation and assessment tools and our global knowledge of governance standards.”

“We are pleased to be working in cooperation with Intrabond Capital U.S. on this important program to improve our management and governing standards. This marks a major commitment to increase our corporate accountability and performance. With the help of Intrabond Capital’s educational support and tools for evaluation, Intrabond Capital will partner with us to contribute to our mission to establish major, positive change in meeting global corporate performance standards,” said Wang Genxiang, director of Shanghai International Training Center for Economy and Information.

Rodria Laline, Intrabond Capital European Director and board chair of Intrabond Capital U.S., comments “The challenge for boards of directors is to increase demonstrable effectiveness. She said,  “Effective boards challenge directors to increase a company’s reputation and lead in shaping society. Effective boards gain trust of consumers, shareholders, investors, and other stakeholders, and demonstrate transparency in what really matters in corporate and public...