Our Board has established five Board Committees to oversee particular aspects of the Company’s affairs. The Audit, Nomination, and Remuneration Committees are Governance Board Committees. The Executive and Finance Committees are strategic and finance committees which are integral part of the management process. Each of these Committees is governed by its own terms of reference which are available from the links below.
​Mr Patrick B. Paul, Independent Non-Executive Director and Chairman of the Audit Committee
​Audit Committee
​Audit Committee

Composition

  • Mr Patrick B. Paul (Independent Non-Executive Director) (Committee Chairman)
  • Mr Andrew Brandler (Non-Executive Deputy Chairman)
  • Dr William K.L. Fung (Independent Non-Executive Director)
Main responsibilities
  • oversee the Group's financial reporting and audit processes with management and the internal and external auditors
  • review the Group's financial controls, risk management and internal control systems
  • monitor and review the effectiveness of the Group's audit and risk management and internal control systems and review annual audit plan and reports
  • oversee the scope of work of external auditor including approving fees paid to such in respect of non-audit work
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​Nomination Committee
​Nomination Committee

Composition

  • The Hon. Sir Michael Kadoorie (Non-Executive Chairman) (Committee Chairman)
  • Dr the Hon. Sir David K.P. Li (Independent Non-Executive Director)
  • Dr William K.L. Fung (Independent Non-Executive Director)
Main responsibilities
  • review the structure, size and composition of the Board
  • evaluate the balance and blend of skills, knowledge, experience and diversity of the Board
  • review the Board Diversity Policy and the progress on achieving the objectives set for implementing the policy
  • keep under review the leadership and succession needs of the organisation
  • review and make recommendations to the Board on the appointment or re-appointment of all Directors
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Remuneration Committee
Remuneration Committee

Composition

  • Mr Patrick B. Paul (Independent Non-Executive Director) (Committee Chairman)
  • Mr Andrew Brandler (Non-Executive Deputy Chairman)
  • Dr Rosanna Y.M. Wong (Independent Non-Executive Director)
Main responsibilities
  • make recommendations to the Board on the remuneration philosophy and policies of the Group
  • 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 based on workload in overseeing the businesses of the Company, market trends and practices
  • ensure that no Director approves his own remuneration
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The Hon. Sir Michael Kadoorie
Executive Committee
Executive Committee

Composition

  • The Hon. Sir Michael Kadoorie (Non-Executive Chairman) (Committee Chairman)
  • Mr Andrew Brandler (Non-Executive Deputy Chairman)
  • Mr Clement K.M. Kwok (Chief Executive Officer)
  • Mr John A.H. Leigh (Non-Executive Director)
Main responsibilities
  • develop and review strategic opportunities and significant investment proposals
  • evaluate the Group’s competitive position and determine strategies to protect the brand, values and business principles of the Group
  • oversee the implementation of strategic plans and investment proposals
  • monitor the Group’s financial and operational plans and forecasts, and deliver these plans and monitor performance
  • interact with Finance Committee on its submissions
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Finance Committee
Finance Committee

Composition

  • Mr Andrew Brandler (Non-Executive Deputy Chairman) (Committee Chairman)
  • Mr Clement K.M. Kwok (Chief Executive Officer)
  • Mr John A.H. Leigh (Non-Executive Director)
  • Mr Matthew J. Lawson (Chief Financial Officer)
Main responsibilities
  • review all financial aspects and budgets of significant acquisitions, investments, assets disposals and new projects commitments of the Group
  • review and approve the establishment of the financial and annual operational plans, budgets, forecasts and any revisions of the Group
  • review the Group’s financial performances
  • review the establishment of corporate capital and operating contingencies and approve requests for drawing on contingencies within the approved budgets
  • endorse issuance and allotment of shares and share buy-back
  • review and approve treasury policies
  • review and approve granting of guarantees and indemnities
  • review the annual insurance programme of the Group
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