Huawei is a private company wholly owned by its employees. Through the Union of Huawei Investment & Holding Co., Ltd., it implements an Employee Shareholding Scheme involving 121,269 employees. Only Huawei employees are eligible to participate. No government agency or outside organization holds shares in Huawei.
Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. It has approximately 197,000 employees and it operates in over 170 countries and regions, serving more than three billion people around the world.
Huawei has one of the largest patent portfolios in the world. Digital technology and intelligence are pushing the digital economy into a new phase of development. The Tech firm focuses on ICT solutions and smart devices, and is committed to bringing digital to every person, home and organization for a fully connected, intelligent world.
Who controls and manages Huawei?
Huawei has a robust corporate governance system that ensures the company’s independent operations and management. Shareholding employees elect 115 representatives to form our Representatives’ Commission, and the Commission elects the company’s Board of Directors and Supervisory Board. The Commission, along with the Board of Directors and Supervisory Board, decides on, manages, and monitors major company matters.
Specifically, the Commission elects the Chairman of the Board and the remaining 16 board directors. The Board of Directors elects four deputy chairs and three executive directors. Three deputy chairs take turns serving as the company’s rotating chairman.
The rotating chairman leads the Board of Directors and its Executive Committee while in office. The Board exercises decision-making authority for corporate strategy and operations management, and is the highest body responsible for corporate strategy, operations management, and customer satisfaction.
Meanwhile, the Chairman of the Board presides over the Representatives’ Commission. As Huawei’s highest decision-making body, the Commission makes decisions on major company matters, like profit distribution, capital increases, and the elections of members of the Board of Directors and the Supervisory Board.
Who does Huawei work with?
Externally, we rely on our customers and partners. Customers are at the heart of everything we do, and we create value for them with innovative products. Internally, we rely on our hard-working and dedicated employees. At Huawei, those who contribute more get more, recent annual report said.
“We work with a broad range of stakeholders including partners, industry organizations, open source communities, standards organizations, universities, and research institutes all over the world to cultivate a broader ecosystem that thrives on shared success. In this way, we can help drive advancements in technology and grow the industry as a whole.”, report said.
“We create local employment opportunities, pay taxes, and comply with all applicable laws and regulations in the countries where we operate. We also help local industries go digital, and openly engage with governments, the media, and other stakeholders.”, it said.