Corporate Governance
The Group continuously strives to strengthen the role of the Board as a body responsible for decision-making concerning its fundamental policies and upper-level management issues, and supervising the execution of its operation. The Board of the Company includes four independent non-executive Directors to ensure transparency in management and fairness in business decisions and operations. The independent non-executive Directors contribute to the enhancement of corporate value by providing advice and oversight based on their extensive administrative experience and specialized knowledge.
The Group has strengthened its auditing system to ensure the appropriate functioning of the risk management and operation oversight systems. An audit committee which comprises three independent non-executive Directors to review and monitor the effectiveness of the Group’s financial controls, internal control and risk management systems has been established.
Board Structure
The Board comprises seven Directors, among them are two Executive Directors, one Non-executive Director and four Independent Non-executive Directors.
Executive Directors
Mr. Lee Bing Kwong (Chairman, Chief Executive Officer)
Ms. Lo Yuen Lai
Non-executive Directors
Mr. Lo Yuen Kin
Independent Non-executive Directors
Mr. Cheung Siu Kui
Mr. Yim Kwok Man
Dr. Chow Terence
Mr. Cheung Hung Kwong
Senior Management
Ms. Lau Wai Yee (Regional General Manager)
Mr. Ho Yuen Tung (Vice President, Finance)
Mr. Lee Chak Hol (Vice President)
Company secretary
Tang Yuen Ching Irene (CPA, FCCA)
Audit Committee
Audit committee consists of three members, comprising all the independent non-executive Directors, namely Mr. Yim Kwok Man, Mr. Cheung Siu Kui and Dr. Chow Terence. Mr. Yim Kwok Man is the chairman of the audit committee.
Remuneration Committee
Remuneration committee currently consists of three members, comprising one executive Director and two independent non-executive Directors, namely Mr. Lee Bing Kwong, Mr. Yim Kwok Man and Mr. Cheung Siu Kui. Mr. Cheung Siu Kui is the chairman of the remuneration committee.
Nomination Committee
Nomination committee currently consists of five members, comprising two executive Director and three independent non-executive Directors, namely Mr. Lee Bing Kwong, Ms. Lo Yuen Lai, Mr. Cheung Siu Kui, Dr. Chow Terence and Mr. Cheung Hung Kwong. Mr. Lee Bing Kwong is the chairman of the nomination committee.
BOARD DIVERSITY POLICY (THE “POLICY”)
PROCEDURES FOR SHAREHOLDER TO PROPOSE A PERSON FOR ELECTION AS A DIRECTOR OF THE COMPANY (A “DIRECTOR”)
Memorandum and Articles of Association
COMMUNICATION WITH SHAREHOLDERS AND INVESTORS/INVESTOR RELATIONS
We consider that effective communication with our Shareholders is essential for enhancing investor relations and investor understanding of our business performance and strategies. We endeavors to maintain an on-going dialogue with the our Shareholders and in particular, through Annual General Meetings (‘AGM’) and other General Meetings. At the AGM, our Chairman and chairman of the Board committees (or their delegates as appropriate) are available to meet the Shareholders and answer their enquiries.
The Company maintains a website at www.apexace.com as a communication platform with the Shareholders and investors, where the financial information and other relevant information of the Company are available for public access.