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Annual General Meeting & Special General
Meeting |
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The overall management of the Company's business is vested in the Board, which assumes the responsibility for leadership and control of the Company, and the Directors are collectively responsible for promoting the success of the Company by directing and supervising its affairs and overseeing the achievement of the plans to enhance shareholders' value. All Directors are expected to take decisions objectively in the interests of the Company.
The Board is responsible for making decisions on all major aspects of the Company's affairs, including the approval and monitoring of key policy matters, overall strategies, business plans and annual budgets, internal control and risk management systems, material transactions (including, in particular, those which may involve conflicts of interest), major capital expenditure, appointment of Directors and other significant financial and operational matters.
All operational decisions are delegated to the Executive Directors led by the Chief Executive Officer. The day-to-day management, administration and operation of the Company are delegated to the management. The delegated functions and work tasks are periodically reviewed. The Board does and will give clear directions to the management as to their powers and circumstances where management should report back. Approval has to be obtained from the Board prior to any decision being made or any commitments being entered into on behalf of the Company that are outside the limits of the operational authority delegated by the Board.
All Directors have full and timely access to all relevant information as well as the advice and services of the Company Secretary, with a view to ensuring that Board procedures and all applicable rules and regulations are followed. When needed and upon making request to the Board, the Non-executive Directors may obtain independent professional advice at the Company's expense in carrying out their functions.
The management has an obligation to supply to the Board and its committees adequate, complete and reliable information in a timely manner to enable them to make informed decisions. The Board and each Director have separate and independent access to the management.
Composition:
The Board currently comprises ten members - the Chairman, three Executive Directors, a Non-executive Director and five Independent Non-executive Directors:
Executive Directors:
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Mr. Lo Hong Sui, Vincent
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Chairman of the Board and the Nomination Committee, and member of the Executive and Remuneration Committees
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Mr. Choi Yuk Keung, Lawrence
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Vice Chairman of the Board, chairman of the Executive and Investment Committees
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Mr. Wong Kun To, Philip
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Managing Director, Chief Executive Officer, Chairman of the Finance Committee, and member of the Executive, Investment and Nomination Committees
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Mr. Wong Fook Lam, Raymond
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Chief Financial Officer, and member of the Executive, Finance and Investment Committees
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Non-Executive Director:
Mr. Wong Yuet Leung, Frankie
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Member of the Finance and the Audit Committees
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Independent Non-executive Directors:
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Mr. Gerrit Jan de Nys
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Member of the Audit, Finance and Nomination Committees
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Ms. Li Hoi Lun, Helen
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Member of the Audit, Investment and Remuneration Committees
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Mr. David Gordon Eldon
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Chairman of the Remuneration Committee, member of the Finance and Nomination Committees
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Mr. Chan Kay Cheung
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Chairman of Audit Committee, and member of the Finance and Investment Committees
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Mr. Tsang Kwok Tai, Moses
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Member of the Finance, Nomination and Remuneration Committees
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