Governance Practices & Structure

Overview

Good corporate governance has been the vital foundation of the Company's well-being, the key to our continuing success, and central to our bright prospects for future advancement.

Since its founding in 1960, the Hang Lung Group, parent of Hang Lung Properties, has spared no effort in pursuing the practices, procedures and policies that serve the best interests of our principal stakeholders, namely our shareholders, staff, customers and the community at large.

Our distinctive and well respected style of corporate governance not only embraces professional management but is also rooted in a robustly healthy corporate culture whose core values are enshrined in the acronym SAIL – Simplicity, Authority, Integrity and Loyalty.

We are also acutely aware that in a rapidly changing world, good corporate governance demands constant innovation and adaptation to address new challenges and grasp fresh opportunities in order to maintain our competitive advantage.

Corporate Governance Code

As good corporate citizens, we adopted and in many cases exceed the code provisions of the Corporate Governance Code as stated in Appendix 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Core Principles

In our core principles of good corporate governance we emphasize transparency and accountability to all stakeholders, maintaining high standards of integrity and establishing trust through sound governance practices. We instill these principles into our corporate culture through leadership by example, training and effective internal controls.

Corporate Governance Structure

Committed above all to providing benefit to our stakeholders, the Company strives to meet the a high standard of corporate governance with a highly qualified Board of Directors underpinned by sound internal control systems and effective risk management.

Whistle-blowing Mechanism
Hang Lung is committed to the highest standards of openness, probity and accountability.  We expect all employees to conduct themselves with integrity, impartiality and honesty.  In line with our commitment, a whistle-blowing mechanism has been put in place for our employees and other related third parties such as contractors and tenants.  It is designed to encourage them to raise serious concerns in confidence about misconduct, fraudulent activities or malpractices in any matter related to the Group through this reporting channel.

All concerns should be made in writing to the Head of Group Internal Audit:
- by e-mail (whistleblowing@hanglung.com); or
- by post:
  28th Floor, Standard Chartered Bank Building,
  4 Des Voeux Road Central, Hong Kong
  Hang Lung Properties Limited
  Head of Group Internal Audit

Persons raising the concerns are required to disclose their identities and contact details.  Anonymous disclosure will not be considered.  Any person making a genuine and appropriate complaint through this channel will be treated fairly and properly.  All reports of complaints, including the identity of the person, will be treated with the strictest confidence.  Nomination and Remuneration Committee Audit Committee Executive Committee