The Board of Directors believes that good corporate governance promotes transparency, accountability, credibility, as well as the public and shareholders' confidence in the Group.
Borad Structure
NOMINATION COMMITTEE
The Company established the Nomination Committee with specific written terms of reference. The Nomination Committee is responsible for reviewing the structure, size and composition of the Board, assessing the independence of the independent non-executive directors and making recommendations to the Board on the appointment and re-appointment of directors.
The Nomination Committee currently consists of seven members, including five independent non-executive directors, Mr. Lam Kin-Fung, Jeffrey, Dr. Or Ching-Fai, Raymond, Ms. Cheng Ka-Lai, Lily, Mr. Chia Pun-Kok, Herbert and Ms. Fung Wing-Yee, Sabrina, and two executive directors, Dr. Cheng Kar-Shun, Henry and Mr. Cheng Chi-Heng, Conroy. It is currently chaired by Mr. Lam Kin-Fung, Jeffrey.
REMUNERATION COMMITTEE
The Company established the Remuneration Committee with specific written terms of reference. The Remuneration Committee is responsible for making recommendations to the Board on the Company's policy and structure for the remuneration of all the directors and senior management of the Group and on the establishment of a formal and transparent procedure for developing remuneration policy for approval by the Board.
The Remuneration Committee currently consists of seven members, including five independent non-executive directors, Dr. Or Ching-Fai, Raymond, Mr. Kwong Che-Keung, Gordon, Mr. Lam Kin-Fung, Jeffrey, Ms. Cheng Ka-Lai, Lily and Ms. Fung Wing-Yee, Sabrina, and two executive directors, Dr. Cheng Kar-Shun, Henry and Ms. Cheng Chi-Man, Sonia. It is currently chaired by Dr. Or Ching-Fai, Raymond.
AUDIT COMMITTEE
The Company established the Audit Committee with specific written terms of reference. The Audit Committee is responsible for the engagement of external auditor and review of the Group's financial information, financial reporting system, internal control procedures and risk management system.
The Audit Committee currently consists of five independent non-executive directors, including Mr. Kwong Che-Keung, Gordon, Mr. Lam Kin-Fung, Jeffrey, Dr. Or Ching-Fai, Raymond, Mr. Chia Pun-Kok, Herbert and Mr. Tang Ying-Cheung, Eric. It is currently chaired by Mr. Kwong Che-Keung, Gordon.
SUSTAINABILITY COMMITTEE
The Company established the Sustainability Committee with specific written terms of reference. The Sustainability Committee is responsible for assisting the Board in providing leadership and oversight over the Company’s sustainability strategy and performance.
The Sustainability Committee currently consists of four members, including three independent non-executive directors, Mr. Tang Ying-Cheung, Eric, Ms. Cheng Ka-Lai, Lily, Mr. Chia Pun-Kok, Herbert and one executive director, Mr. Wong Siu-Kee, Kent. It is currently chaired by Mr. Tang Ying-Cheung, Eric.
STRATEGY AND TRANSFORMATION COMMITTEE
The Company established the Strategy and Transformation Committee with specific written terms of reference. The Strategy and Transformation Committee is responsible for formulating the Group’s strategic direction and corporate planning, leading and driving the implementation of strategic plans and corporate transformation, and overseeing the overall management and performance of the Group, with the Board’s delegated authority.
The Strategy and Transformation Committee currently consists of five executive directors, including Dr. Cheng Kar-Shun, Henry, Mr. Cheng Chi-Heng, Conroy, Ms. Cheng Chi-Man, Sonia, Mr. Wong Siu-Kee, Kent and Mr. Cheng Ping-Hei, Hamilton.
