Board Committees

The Company is committed to maintaining good corporate governance standard and procedures to safeguard the interests of all shareholders and to enhance accountability and transparency.

Board of Directors

The Board is responsible for overall strategic formulation and performance monitoring of the Company and its subsidiaries. It delegates day-to-day operations of the Company to the Executive Committee and senior management within the control and authority framework set by the Board. In addition, the Board has also delegated various responsibilities to the Audit Committee, the Remuneration Committee and the Nomination Committee. Further details of these committees are set out in below sections.

Executive Committee

Introduction

The Executive Committee has been conferred with the general powers of the Board (except those matters specifically reserved for the Board) to manage and oversee the operations of the Group.

Members

Zhao Tianyang (Chairman)

Xu Liang

Liang Hengyi

Audit Committee

Introduction

The principle duties of the Audit Committee include overseeing the relationship with the Company’s auditor, reviewing the interim and annual financial statements and reviewing the Company’s financial reporting system and internal control procedures. The Audit Committee has explicit authority to investigate any activity within its terms of reference and the authority to obtain outside legal or other independent professional advice if it considers necessary. It is given access to and assistance from the employees and reasonable resources to discharge its duties properly.

Members

Wang Xin (Chairman)

Li Yinhui

Liu Jingwei

Ho Gilbert Chi Hang

Choi Fan Keung Vic

Deng Yougao

Zhang Quanling

Qiao Yongjuan

Terms of Reference Please click here to view

Nomination Committee

Introduction

The principle duties of the Nomination Committee include reviewing the structure, size and composition of the Board, identifying individuals suitably qualified to become Board members and selecting or making recommendations to the Board, making recommendations to the Board on relevant matters relating to the appointment or re-appointment of Directors and succession planning for Directors and assessing the independence of the Independent Non-executive Directors. The Nomination Committee has explicit authority to seek any necessary information from the employees within its scope of duties and the authority to obtain outside independent professional advice if it considers necessary.

Members

Zhao Tianyang (Chairman)

Liang Hengyi

Wang Xin

Deng Yougao

Zhang Quanling

Terms of Reference Please click here to view

Remuneration Committee

Introduction

The principle duties of the Remuneration Committee include making recommendations to the Board on the Company’s policy and structure for all remuneration of Directors and senior management, determining the remuneration packages of individual Executive Directors and senior management and making recommendation to the Board of the remuneration of Non-executive Directors, reviewing and approving the compensation payable to Executive Directors and senior management and the compensation arrangements relating to dismissal or removal of Directors for misconduct and ensuring that no Director or any of his/her associates is involved in deciding his/her own remuneration. It has explicit authority to seek any necessary information from the employees within its scope of duties and the authority to obtain outside independent professional advice if it considers necessary.

Members

Zhang Quanling (Chairman)

Li Yinhui

Wang Xin

Choi Fan Keung Vic

Qiao Yongyuan

Terms of Reference Please click here to view

福彩开奖公告