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The Company is committed to the highest standards
of corporate governance for the enhancement of shareholders' value.
The Company believes that good corporate governance not only protects
investors' interest but also the Company's interest. It is also
of the view that good corporate governance is a reflection of
the standard and quality of the management and operations of the
Company, which is pivotal in winning over the long-term support
of stakeholders on which the Company's success is dependent.
Below are the corporate governance practices
adopted by the Company.
Board of Directors
The Company is led and controlled through the
Board of Directors, which is constituted by 2 Executive Directors,
7 Non-executive Directors, including the Chairman of the Board,
and 5 Independent Non-executive Directors. The Board meets regularly.
The Board oversees the overall management and
operations of the Company. Major responsibilities include approving
the Company's overall business, financial and technical strategies,
setting key performance targets, approving budgets and major expenditures,
supervising and scrutinizing the performance of management.
The Board has established the following committees
: the Audit Committee, the Remuneration Committee and the Nomination
Committee.
Audit Committee
The full complement of Audit Committee consists
of 4 Independent Non-executive Directors.
- Mr. CHUNG Wai Kwok, Jimmy (Chairman)
- Mr. CHAK Hubert
- Mr. CHAU Tak Hay
- Mr. YUEN Kam Ho, George
The Audit Committee oversees the overall financial
reporting process as well as the adequacy and effectiveness of
the Company's internal control. In addition, it is responsible
for making recommendations to the Board for the appointment, reappointment
or removal of the external auditor. It also reviews and monitors
the external auditor's independence and objectivity as well as
the effectiveness of the audit process to make sure that it is
in full compliance with applicable standards.
Remuneration Committee
The Remuneration Committee consists of 2 Non-executive
Directors and 3 Independent Non-executive Directors.
- Mr. YUEN Kam Ho, George (Chairman)
- Mr. CHAU Tak Hay
- Dr. LEE Nai Shee, Harry, S.B.S., J.P.
- Mr. HO Lap Kee, Sunny
- Mr. YUE Kwok Hung, Justin
The Remuneration Committee is responsible for
making recommendations to the Board on the Company's policy and
structure for all remuneration of Directors and senior management.
Nomination Committee
The Nomination Committee consists of 1 Non-executive
Director and 2 Independent Non-executive Directors.
- Mr. HO Lap Kee, Sunny (Chairman)
- Dr. LEE Nai Shee, Harry, S.B.S., J.P.
- Mr. CHUNG Wai Kwok, Jimmy
The main duty of the Nomination Committee is
to review the structure, size and composition of the Board and
to select suitable Board members.
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