The Board of Directors of The Greater China Fund, Inc. believes that good corporate governance should lead to improved shareholder value in the long term. The Board has adopted certain corporate governance guidelines which the Fund observes.

Board Independence
The Board exercises judgment independently. The Chairman of the Fund is independent of the Fund management. Directors who are independent of the Fund’s investment manager make up more than 75% of the Board. The Board of Directors meets regularly; each director endeavors to attend each meeting; and each director reviews materials prepared for the Board in advance of each meeting.

Nominating Committee
The Nominating Committees is comprised only of independent directors. The Nominating Committee conducts the screening and selection process for new directors and identifies potential candidates for Board positions.
>> Nominating Committee Charter PDF, 32KB

Audit Committee
The Audit Committee is comprised of five independent directors, each of whom is “financially literate” and at least one of whom is designated an “audit committee financial expert” “as defined under application SEC rules. The Audit Committee, among other things, recommends to the Board the Fund’s independent auditors and oversees the Fund’s accounting and financial reporting processes and internal controls; the quality and integrity of the Fund’s financial statements and the independent audit thereof; the Fund’s compliance with legal and regulatory requirements; and the auditors’ qualifications, independence and performance.
>> Audit Committe Charter PDF, 56KB

Code of Ethics
The Board maintains a Code of Ethics which complies with rule 17j-1 of the Investment Company Act. In addition the Fund has established the Sarbanes Oxley adopted a Code of Ethics in compliance with the requirements of Section 406 of the Sarbanes Oxley Act.
>> Code of Ethics PDF, 68KB
>> Sarbanes Oxley Code of Ethics PDF, 36KB

Proxy Voting Policies
The Fund has adopted policies and procedures with respect to the voting of proxies related to portfolio securities. These procedures delegate to the Fund's Investment manager the responsibility for voting proxies, subject to the continuing oversight of the Board. The Board reviews the Investment Manager’s proxy voting policies and procedures and reviews the votes cast by the Investment Manager on a regular basis.
>> Investment Manager’s proxy voting policies and procedures PDF, 84KB

Corporate governance guidelines
>> Corporate governance guidelines PDF, 26KB

Review of by Chief Compliance Officer
The Chief Compliance Officer is responsible for preparing an annual report to the Board on the operation and effectiveness of the Fund’s corporate governance guidelines.