Corporate Governance



The Board of Director has established an Audit and Risk Management Committee, a Remuneration Committee and a Nomination Committee with an aim to enhance the standard of corporate governance.

Audit and Risk Management Committee

Member

  • Mr. Chow Siu Lui (Chairman)
  • Mr. Philip Tsao
  • Prof. Yan Houmin

The Audit and Risk Management Committee consists of three Independent Non-executive Directors, namely, Mr. Chow Siu Lui (Chairman), Mr. Philip Tsao and Prof. Yan Houmin. The primary duties of the Committee are to assist the Board by providing an independent view of the effectiveness of the financial reporting process, internal control, corporate governance and risk management systems of the Group, overseeing the audit process and performing other duties and responsibilities as assigned by the Board.

Remuneration Committee

Member

  • Mr. Philip Tsao (Chairman)
  • Mr. Qian Xiaodong
  • Mr. Chow Siu Lui
  • Prof. Yan Houmin

The Remuneration Committee consists of three Independent Non-executive Directors, namely, Prof. Yan Houmin, Mr. Chow Siu Lui and Mr. Philip Tsao, and one Executive Director, namely, Mr.Qian Xiaodong, with Mr. Philip Tsao being the chairman of the committee. The primary duties of the Committee, include but not limited to, the following: marking recommendations to the Board on the policy and structure for all remuneration of Directors and senior management and on the establishment of a formal and transparent procedure for developing policy on such remuneration; determining the specific remuneration packages of all Directors and senior management; and reviewing and approving performance-based remuneration by reference to corporate goals and objectives resolved by the Board from time to time.

Nomination Committee

Member

  • Mr. Wang Tianyi (Chairman)
  • Mr. Philip Tsao
  • Mr. Chow Siu Lui
  • Prof. Yan Houmin

The Nomination Committee consists of three Independent Non-executive Directors, namely, Mr. Philip Tsao, Prof. Yan Houmin and Mr. Chow Siu Lui, and one Non-executive Director, namely, Mr. Wang Tianyi, with Mr. Wang Tianyi being the chairman of the committee. The primary functions of the Committee include but not limited to reviewing the structure, size and composition of the Board of Directors, assessing the independence of Independent Non-executive Directors and making recommendations to the Board on matters relating to the appointment of Directors.