The Group is committed to maintaining corporate governance and effective accountability mechanisms in every aspect of its business. Conducting business in a socially responsible and honest manner serves both the Group's and shareholders' long-term interests.
The Group believes that its commitment to good corporate governance has allowed it to grow from a firm foundation and provide quality products and services to the community, while maximising shareholder returns.
The Group has an Audit Committee, Remuneration Committee and an Internal Audit Department to ensure proper reporting and uphold corporate governance.
Other measures to safeguard shareholders' interests include the prompt disclosure of relevant information to shareholders through the means of:
All announcements are available on the websites of the Group of and the Hong Kong Stock Exchange. |
Composition:
Kwok Chi Sun, Vincent (chairman)
Cheng Wing Keung, Raymond
Fung Chi Kin
The company established an audit committee with written terms of reference in compliance with the Code on Corporate Governance Practices as set out in appendix 14 to the Listing Rules. It comprises of three independent non-executive directors to ensure proper reporting and adequate internal controls. The principal duties of the audit committee includes the review and supervision of the Group's financial reporting system, its internal control procedures, the Group's financial information and relationship with the external auditors of the Company.
The audit committee holds two meetings during the year. It also reviews and comments on the Companys draft annual and interim financial reports and met with the external auditors.
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Composition:
Chan Pak Lam, Tom (chairman)
Kwok Chi Sun, Vincent
Cheng Wing Keung, Raymond
The Company has established a remuneration committee in compliance with the Code on Corporate Governance Practices as set out in appendix 14 to the Listing Rules. The primary duties of the remuneration committee are to review and determine the remuneration packages, including benefits-in-kind and other compensation payable to the Directors and other senior management of the Group.
The remuneration committee, with its terms of reference, currently consists of two independent non-executive Directors, namely Mr. Kwok Chi Sun, Vincent and Mr. Cheng Wing Keung, Raymond, and one executive Director, Mr. Chan Pak Lam, Tom. Mr. Chan Pak Lam, Tom is the chairman of the remuneration committee. |
The Group is committed to fair disclosure and comprehensive and transparent reporting of its activities. The board and senior management maintain a constant dialogue with shareholders and investors through various channels, including the company's annual general meeting. The Group has its investor relations department to deal with shareholders' concerns throughout the year.
Procedures for the annual general meeting are reviewed periodically to ensure that the company follows best corporate governance practice. A circular is sent to all shareholders at least 21 days prior to the meeting setting out details of each resolution proposed, voting procedures and other relevant information. The Chairman, board members and external auditor attend the annual general meeting to answer shareholders' questions. Vote results are posted on the company's Internet site as soon as possible after the meeting. |
