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.

Good governance is essential to corporate success and a sound culture of governance must reach all levels of the organization. Cognizant of the necessity for the highest standards of integrity and honesty to be upheld by every employee in every process, the We Do It Well business philosophy extends from the Board of Directors through our professional management to all our people as we strive to instill integrity into every aspect of our business.

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 have adopted and fully complied with, and in many cases exceeded, the code provisions and some recommended best practices 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, appropriate training, effective risk management and sound internal controls.

 

Corporate Governance Structure

Remarks:
1.       Executive Committee – click HERE to view more.
2.       Nomination and Remuneration Committee - click HERE to view more.
3.       Audit Committee - click HERE to view more.

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

 

Competition Law Compliance Policy

Hang Lung regards honesty, integrity and fair play as our core values that must be upheld by all directors and staff of Hang Lung at all times.  Therefore, Hang Lung has developed a policy of absolute compliance with competition law, including the Competition Ordinance (Cap 619) in Hong Kong and the Anti-Monopoly Law and Anti-Unfair Competition Law in the People’s Republic of China.  All Hang Lung’s employees are required to strictly adhere to this policy and breaches of competition law will not be tolerated. The principles in this Policy provide guidance for our compliance with competition law and these may be amended from time to time.

If you have further questions or need to report an incident, please contact Ms. Maria Elms, Head of Legal (Hong Kong) without delay.

Click HERE for details.

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