Corporate Governance

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Executive Committee

(Extracted from the Corporate Governance Report contained in the Company's 2015/16 Annual Report dated 8 September 2016)

The Executive Committee was established in 1977 and now consists of all eight Executive Directors and four full time senior executives of the Group. During the year under review, two new members joined the Committee (including one joined following his appointment as an Executive Director and another was appointed by the Board) whereas a member ceased his office following his retirement as an Executive Director.

The Executive Committee meets regularly, usually once every week. It is primarily responsible for formulating business policies, making decisions on key business issues and policies, facilitating the approval of certain corporate actions and exercising the powers and authority delegated by the Board in respect of matters which arise between regularly scheduled Board meetings.

The Board has delegated its responsibilities to the Executive Committee to develop, review and monitor the policies and practices on corporate governance of the Group and make recommendations to the Board, to review and monitor the Company’s policies and practices on legal and regulatory compliance, to review and monitor the code of conduct and ethical behaviour applicable to the Directors and employees and the training and continuous professional development of Directors and senior management, and to review the Company’s compliance with the Code and disclosures in the corporate governance report.

During the year ended 30 June 2016, the Executive Committee oversaw the daily business operations of the Group and made key business decisions. In addition, the Committee reviewed the Company’s compliance with the Code and the applicable statutory and regulatory requirements, and the disclosure in this corporate governance report. The attendance records of the members at the Committee meetings held during the year are set out below:

 Committee members Meetings attended / held
Kwok Ping-luen, Raymond 40/42
Wong Chik-wing, Mike 39/42
Lui Ting, Victor 40/42
Kwok Kai-fai, Adam 40/42
Kwok Kai-wang, Christopher
 (became a member with effect from 26 April 2016)
 7/7
Kwong Chun 34/42
Tung Chi-ho, Eric 37/42
Fung Yuk-lun, Allen 35/42
Chow Kwok-yin, Eric 39/42
Wong Chin-wah, Jimmy 36/42
Yung Sheung-tat, Sandy 39/42
Li Ching-kam, Frederick
 (appointed as a member with effect from 7 October 2015)
30/30
Chan Kwok-wai, Patrick
 (ceased to act as a member with effect from 12 November 2015)
14/16

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