Governance Practices & Structure

Overview

Good corporate governance has been the vital foundation of the Company's well-being, the key to our continuing success, and central to our bright prospects for future advancement.

As good governance is essential to corporate success, we have always been proud of our We Do It Right principle that has guided us to operate our business with integrity and honesty. A sound governance culture has to reach all levels and the highest standards of integrity and honesty from every employee in every process are expected.

We are also acutely aware that in a rapidly changing world, good corporate governance demands constant innovation and adaptation to address new challenges and grasp fresh opportunities in order to maintain our competitive advantage.

 

Corporate Governance Code

As good corporate citizens, we have adopted and fully complied with, and in many cases exceed, the code provisions and some recommended best practices of the Corporate Governance Code as stated in Appendix 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

 

Core Principles

In our core principles of good corporate governance we emphasize transparency and accountability to all stakeholders, maintaining high standards of integrity and establishing trust through sound governance practices. We instill these principles into our corporate culture through leadership by example, training and effective internal control.

 

Corporate Governance Structure

Remarks:
1.       Executive Committee – click HERE to view more.
2.       Nomination and Remuneration Committee - click HERE to view more.
3.       Audit Committee - click HERE to view more.

Committed above all to providing benefit to our stakeholders, the Company strives to meet the highest standard of corporate governance with a highly qualified Board of Directors underpinned by sound internal control and effective risk management systems.

 

Competition Law Compliance Policy

Hang Lung regards honesty, integrity and fair play as our core values that must be upheld by all directors and staff of Hang Lung at all times.  Therefore, Hang Lung has developed a policy of absolute compliance with competition law, including the Competition Ordinance (Cap 619) in Hong Kong and the Anti-Monopoly Law and Anti-Unfair Competition Law in the People’s Republic of China.  All Hang Lung’s employees are required to strictly adhere to this policy and breaches of competition law will not be tolerated. The principles in this Policy will help you to comply with competition law and these may be amended from time to time.

If you have further questions or need to report an incident, please contact Ms. Bella Chhoa, Assistant Director-Corporate Affairs, General Counsel, Company Secretary without delay.

Click HERE for details.