Corporate Governance

Overview
 

The Company recognises the importance of good corporate governance to the Company’s development and has devoted considerable efforts to identifying, formulating, establishing and enhancing corporate governance practices appropriate to the Company’s needs. The Board, having regard to the size and nature of businesses of the Group, periodically reviews the Company’s corporate governance practices to meet the rising expectations of Shareholders and comply with increasingly stringent regulatory requirements.


Corporate Governance Practices

 

Following the fixing of term of appointment of certain Non-executive Directors in 2018, the Company has applied the principles and complied with all the code provisions set out in the CG Code contained in Appendix 14 to the Listing Rules. As disclosed in the last Corporate Governance Report, except Mr. Lincoln Lu who was appointed as the Non-executive Director for a term of three years in May 2017, the other four Non-executive Directors (including INED) did not have a specific term of appointment, subject to retirement by rotation and re-election at the AGM pursuant to the Bye-laws of the Company. To enhance the corporate governance practices of the Company, the term of appointment of each of these Non-executive Directors has also been fixed for three years commencing from December 2018, subject to re-election once every three years. Consequently, all Non-executive Directors (including INED) have been appointed for a specific term.



For review of the Memorandum of Association and Bye-laws of the Company, please click on the link below:
 

Memorandum of Association and Bye-laws.

 

Board of Directors
Audit Committee
Nomination Committee
Remuneration Committee
Executive Committee
Risk management and internal control
Communication with Shareholders
Shareholders'  Rights