Corporate Governance

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Executive Committee

(Extracted from the Corporate Governance Report contained in the Company's 2016/17 Annual Report dated 14 September 2017)

The Executive Committee was established in 1977 and now consists of all eight Executive Directors and three full time senior executives of the Group. During the year under review, a member of the Committee ceased his office following his retirement from the Group.

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 2017, 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 the 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 41/41
Wong Chik-wing, Mike 38/41
Lui Ting, Victor 39/41
Kwok Kai-fai, Adam 36/41
Kwok Kai-wang, Christopher 37/41
Kwong Chun 27/41
Tung Chi-ho, Eric 35/41
Fung Yuk-lun, Allen 35/41
Chow Kwok-yin, Eric 34/41
Yung Sheung-tat, Sandy 37/41
Li Ching-kam, Frederick 41/41
Wong Chin-wah, Jimmy
 (ceased to act as a member with effect from 1 May 2017)
26/33

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