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Composition of the Board |
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The Board consists of twelve members：four of them are Executive Directors, three of them are Non-executive Directors and five of them are Independent Non-executive Directors.
Executive Directors
Fu Chengyu Chairman of the Board of Directors
& Chief Executive Officer
Zhou Shouwei President
Wu Guangqi Compliance Officer
Yang Hua Executive Vice President & Chief
Financial Officer
Non-executive Directors
Luo Han
Cao Xinghe
Wu Zhenfang
Independent Non-executive Directors
Edgar W. K. Cheng
Chiu Sung Hong
Lawrence J. Lau
Tse Hau Yin, Aloysius
WangTao
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The Obligations of the Board |
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The Board is
the executive body of, and responsible to, the shareholders of the Company. The
Board is responsible for making important decisions concerning the Company,
supervising the management to establish internal control systems (for example,
financial reporting) and work efficiently. The role of the Board is to direct,
guide and oversee the conduct of the Company’s business and to ensure that the
interests of the shareholders are being served.
In addition to the Board
meetings, the members of the Board have also actively participated in the
discussion on the business and operation of the Company, through other means .
All decisions of the Board are made on the principles of trust and fairness in
an open and transparent manner.
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Independent Non-executive Directors |
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The Board
comprises five Independent Non-executive Directors who participate in the
decision-making of the Board. The Independent Non-executive Directors are
appointed by the Board by majority decision or elected by the shareholders at
the general meeting, subject to retirement by rotation of once at least every
three years, where the Independent Non-executive Directors will stand for
re-election by the shareholders at the general meetings.
The five Independent Non-executive Directors of the Company are all
professionals or scholars with backgrounds in the legal, economics, financial
and investment fields. They have extensive experience and knowledge of
corporate management, making significant contributions to the Company’s
strategic decisions.
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Committees under the Board |
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Audit
Committee, Nomination Committee and Remuneration Committee are established
under the Board.
● Audit Committee
The Audit Committee consists of three Independent Non-executive Directors:
Mr.Tse Hau Yin, Aloysius (Chairman), Mr. Chiu Sung Hong and Mr. Lawrence J.
Lau.
● Nomination Committee
The Nomination Committee consists of a Non-Executive Director Mr. Luo Han (Chairman) and three Independent Non-executive Directors, Mr. Edgar W. K Cheng, Mr. Lawrence J. Lau and Mr. Wang Tao.
● Remuneration Committee
The Remuneration Committee consists of two Independent Non-executive Directors: Mr. Chiu Sung Hong (Chairman), Mr. Tse Hau Yin, Aloysius and a Non-executive Director Mr. Cao Xinghe.
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