Remuneration Committee

The remuneration committee reviews the scale and structure of the Executive Directors’ remuneration and terms of their service agreements. It also administers the share option plan. The remuneration committee is chaired by Mr. Nicholas Smith and comprises Mr. Ma Chiu Cheung, Andrew and Mr. Tong Wang Chow. The Group’s remuneration policy provides competitive rewards for its Executive Directors and senior executives. The policy takes into account the Group’s performance, the individual performance, and the prevailing remuneration packages of the markets in which the Group operates. The committee aims to attract, retain and motivate high caliber individuals with competitive remuneration packages. The remuneration package provides a balance between fixed and variable rewards. Therefore, remuneration packages for Directors and senior executives normally include basic salary, discretionary bonuses, benefits and share options. Salaries and benefits are reviewed annually and are set to reflect the responsibilities, knowledge, skill and experience of the individual. .

Term of reference

 

 

 

Audit Committee

The audit committee has primary responsibility for monitoring the quality of internal control and ensuring that the financial performance of the Company is properly measured and reported on, receiving and reviewing reports from management and the auditors relating to the annual and interim accounts, and monitoring the accounting and internal control systems in use throughout the Group. The audit committee is chaired by Mr. Ma Chiu Cheung, Andrew and comprises Mr. Nicholas Smith and Mr. Yang Zhen Han.

Term of reference

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