Board Committees | The Hongkong and Shanghai Hotels, Limited

As an integral part of good corporate governance, our Board has established a total of four Board Committees to oversee particular aspects of the Company’s affairs. Each of these Committees is governed by its own terms of reference which are available from the links below.

Composition:

The Hon. Sir Michael Kadoorie (Chairman) (Non-Executive Chairman)
Mr. Ian D. Boyce (Non-Executive Deputy Chairman)
Mr. Clement K.M. Kwok (Chief Executive Officer)
Mr. John A.H. Leigh (Non-Executive Director)

Main responsibilities:

recommend strategic policies and significant investment proposals;
oversee the implementation of strategic plans and investment proposals as approved by the Board;
interact with other Board Committees on policy submissions; and
perform the functions of a nomination committee.

View our terms of reference (PDF)

Composition:

Mr. Ian D. Boyce (Chairman) (Non-Executive Deputy Chairman)
Mr. Clement K.M. Kwok (Chief Executive Officer)
Mr. Neil J. Galloway (Chief Financial Officer)
Mr. John A.H. Leigh (Non-Executive Director)

Main responsibilities:

review all aspects of the Group’s finances, including:
acquisitions, investments, disposal of assets and new project commitments;
establishment of budget parameters;
establishment and amendment of annual corporate plan and budgets;
financial performance of the Group;
issue and allotment of shares and shares repurchase;
major treasury policies (including debt levels, gearing and foreign exchange risk); and
granting of guarantees and indemnities
review the annual insurance programme of the Group.

View our terms of reference (PDF)

Composition:

Mr. Patrick B. Paul (Chairman) (Independent Non-Executive Director)
Mr. Ian D. Boyce (Non-Executive Deputy Chairman)
Mr. Robert W. Miller (Independent Non-Executive Director)

Main responsibilities:

approve Group-wide remuneration policies;
review and approve employment terms (including compensations, performance-related bonuses and retirement provisions) for the Executive Directors and senior management;
review and recommend Non-Executive Directors’ fees and benefits based on workload in overseeing the businesses of the Company, market trends and practices; and
ensure that no Director approves his own remuneration.

View our terms of reference (PDF)

Composition:

Mr. Patrick B. Paul (Chairman) (Independent Non-Executive Director)
Mr. Ian D. Boyce (Non-Executive Deputy Chairman)
Dr. William K.L. Fung (Independent Non-Executive Director)

Main responsibilities:

oversee the Company’s financial reporting and audit processes with management and the internal and independent auditors; and
review the Company’s internal controls and how risk is managed on an ongoing basis, as further set out on pages 82 to 85 of the Company’s latest Annual Report under the heading “Internal controls, audit and risk management”.

View our terms of reference (PDF)