Board of Directors

Highlights

Good governance starts at the top - the Board of Directors. The Company has a highly proactive Board, whose Directors are diligent in their guidance. The Board assumes responsibility for leadership and control of the Company and is collectively responsible for directing and supervising the Company's affairs.

 

Composition

 

The Board

The Board of Directors currently comprises 11 members, with a balanced composition of four Executive Directors and seven Non-Executive Directors, six of whom are Independent Non-Executive Directors, so that a strong independent element is maintained on the Board and can effectively exercise impartial judgment.

The number of Independent Non-Executive Directors exceeds the requirements of Listing Rules. They are all highly qualified figures with a high standing in the community who bring to the Board a wealth of professional and related expertise. The Board has a balance of skills and experience appropriate for the requirements of the Company's business.

Each of our independent non-executive directors is required to sign an annual confirmation of his/her independence as set out in rule 3.13 of the Listing Rules and we consider that they are independent.

Mr. Ronnie Chichung Chan
Mr. Ronnie Chichung Chan Chair
Mr. Adriel Wenbwo Chan
Mr. Adriel Wenbwo Chan Vice Chair
Mr. Weber Wai Pak Lo
Mr. Weber Wai Pak Lo Chief Executive Officer
Mr. Ronald Joseph Arculli
Mr. Ronald Joseph Arculli Independent Non-Executive Director
 Mr. Nelson Wai Leung Yuen
Mr. Nelson Wai Leung Yuen Independent Non-Executive Director
Mr. Dominic Chiu Fai Ho
Mr. Dominic Chiu Fai Ho Independent Non-Executive Director
Mr. Philip Nan Lok Chen
Mr. Philip Nan Lok Chen Non-Executive Director
Dr. Andrew Ka Ching Chan
Dr. Andrew Ka Ching Chan Independent Non-Executive Director
Prof. Hsin Kang Chang
Prof. Hsin Kang Chang Independent Non-Executive Director
Ms. Anita Yuen Mei Fung
Ms. Anita Yuen Mei Fung Independent Non-Executive Director
Mr. Hau Cheong Ho
Mr. Hau Cheong Ho Chief Financial Officer

The Board has a policy setting out the approach to achieve diversity on the Board (the “Board Diversity Policy”) with the aim of enhancing Board effectiveness and corporate governance as well as achieving our business objectives and sustainable development.

 

Chair and Chief Executive Officer

A clear division of responsibilities is delineated between the Chair and the Chief Executive Officer to ensure a proper balance of power and authority.

 

Chair

The Chair, Mr. Ronnie C. Chan, provides leadership for the Board, ensuring that the Board works effectively and discharges its responsibilities.

He is also responsible for ensuring that all key and appropriate issues are discussed by the Board in a timely manner; good corporate governance practices and procedures are established; and appropriate steps are taken to provide effective communication with shareholders and that their views are communicated to the Board as a whole.

At least annually he holds meetings with the Independent Non-Executive Directors without the other Non-Executive Directors and Executive Board Members being present.

 

Chief Executive Officer

The Chief Executive Officer, Mr. Weber W.P. Lo, is responsible for leading the management team in business operations and in the implementation policies and strategies adopted by the Board.

He is also responsible for the Company's day-to-day management in accordance with the instructions issued by the Board, developing strategic operating plans that reflect the objectives and priorities established by the Board and maintaining operational performance, and ensuring the adequacy of risk management, financial and internal control systems, and the conduct of business in conformity with applicable laws and regulations.

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