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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 of 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 make decisions objectively in the interests of the Company.
The Board reserves for its decision all major aspects of the Company's affairs, including the approval and monitoring of key policy matters, overall strategies, business plans (inclusive of annual budgets), internal control and risk management systems, material transactions (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 will give clear directions to the management as to their authority and the 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 Director and Independent Non-executive Directors may take 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. The Company has arranged for appropriate insurance coverage for the Directors.
Composition:
The Board currently comprises nine members - the Chairman and four Executive Directors, one Non-executive Director and three 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 and chairman of the Executive Committee
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Mr. Wong Yuet Leung, Frankie
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Chief Executive Officer and member of the Nomination and Executive Committees
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Mr. Wong Kun To, Philip
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Member of the Executive Committee
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Mr. Wong Fook Lam, Raymond
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Chief Financial Officer and member of the Executive Committee
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Non-executive Director:
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Professor Michael Enright
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Member of the Audit, Remuneration and Nomination Committees
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Independent Non-executive Directors:
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Mr. Anthony Griffiths
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Chairman of the Audit and Remuneration Committees, and member of the Nomination Committee
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Mr. Gerrit de Nys
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Member of the Audit, Remuneration and Nomination Committees
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Ms. Li Hoi Lun, Helen
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Member of the Audit, Remuneration and Nomination Committees
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