The Board has a policy setting out the approach to achieve diversity on the Board (the “Board Diversity Policy”) with the aim of enhancing Board effectiveness and corporate governance as well as achieving our business objectives and sustainable development.
Chairman and Chief Executive Officer
A clear division of responsibilities is delineated between the Chairman and the Chief Executive Officer to ensure a proper balance of power and authority.
Chairman
The Chairman, Mr. Ronnie C. Chan, provides leadership for the Board, ensuring that the Board works effectively and discharges its responsibilities.
He is also responsible for ensuring that all key and appropriate issues are discussed by the Board in a timely manner, good corporate governance practices and procedures are established, appropriate steps are taken to provide effective communication with shareholders and that the views of shareholders are communicated to the Board as a whole.
At least annually he holds meetings with the Non-Executive Directors without the other Executive Directors of the Board being present.
Chief Executive Officer
The Chief Executive Officer, Mr. Weber W.P. Lo, is responsible for leading the management team in business operations and implementing policies and strategies adopted by the Board.
He is also in charge of day-to-day management in accordance with the instructions issued by the Board, developing strategic operating plans that reflect the objectives and priorities established by the Board and maintaining their operational performance, and ensuring the adequacy of risk management, financial and internal control systems, and the conduct of business in conformity with applicable laws and regulations.