Research On The Characteristics Of Audit Committee And The Impact Of Bank Green Finance

At present,a "top-down" green financial system policy has been issued to guide financial institutions to actively develop green finance on demand.However,due to the low-income nature of green finance investment projects,non-state-owned large banks lack certain external drivers,so that there are few cases of independent transformation in the industry,and the green finance in the banking industry starts slowly.At the same time,the "Company Law" also puts forward requirements for the supervision and governance function of the Audit Committee.In practice,there has been more research on the direct governance effect of the Audit Committee,but less research on the indirect governance effect through the intermediary role of information disclosure.At present,the capital market has an urgent demand for green financial transformation.In addition to the mandatory regulation and soft guidance of policies,it is also crucial to use the audit Committee to assist in certain endogenous strategic planning.Therefore,this paper chooses the first "Equator Bank" Industrial Bank in China,which does not have the dual attributes of a large state-owned bank but can achieve good results as a forerunner in the green financial sector.Based on the direct governance effect of the Audit Committee,this paper explores the relationship between the characteristics of the Audit Committee and the development of green finance,and studies the data of Industrial Bank from 2010 to 2021.The purpose is to explore how to use the Audit Committee to achieve the goal of green economy in the new era and to provide a new idea of internal governance structure transformation for many small and medium-sized joint-stock commercial banks.Finally,the research in this paper shows that there is a certain relationship between the audit Committee’s working background and the bank’s green financial development,but there is also the problem of incomplete voluntary information disclosure in Industrial Bank.The audit Committee of Industrial Bank still has room for improvement in the performance of internal governance functions.Finally,based on the unique attributes of the government and the governance rights of the audit Committee,the paper puts forward suggestions on the establishment of ESG-related "blacklists and whitelists",regular research on green finance issues by the audit Committee in combination with strategic development,and giving the internal audit and audit Committee sufficient rights to abandon the phenomenon of "formalism" in power.However,this article is subject to objective factors,and there are also problems of insufficient information collection and default of all public information being true due to lack of internal information.