Page 117 - Hang Lung Properties 2012 Annual Report

Ңࡁጐ฽મ՟ཫԣણ݄ஈଣʿ೯бٰᄆઽ
ช༟ࣘfϤഃ༟ࣘසމ඲ٝɛɻ ה઄fҢ
ࡁʊમॶ מᚣٰᄆઽช༟ࣘ݁ഄf
͉ʮ̡ணϞlz௅ᄲࠇ௅dዹͭ׵͉ʮ̡ʘ
˚੬༶Ъʿึࠇᔖਕflz௅ᄲ ࠇࢪٜટΣ
ᄲࣨ։ࡰึිజflz௅ᄲࠇ೻ҏɗ࣬ኽࠬ
ᎈ൙П˙جணࠇdԨ͟ᄲࣨ։ࡰึӊϋЪ
̈ᄲቡflz௅ᄲࠇࢪӊ˜ၾ၍ଣᄴਠীՉ
lz௅ᄲ ࠇʈЪʿഐ ؈dϾ၍ଣᄴ ۆఱ΢ධ
Ϟᗫԫ֝Ъ̈ቇ຅ʘΫᏐflz௅ᄲࠇࢪӊ
֙ѩΣᄲࣨ։ࡰึ౤ʹజѓf
׵ɚཧɓɚϋdlz௅ᄲࠇࢪၾᄲࣨ։ࡰึ
ӊɧ ࡈ˜ᑘБɓϣ͍όึᙄdਠীlz௅ᄲ
ࠇԫ֝fᄲࣨ։ࡰึᑘБึᙄࣛd͵ึΣ
̮໌ࣨᅰࢪݟ༔Չ࿁͉ʮ̡ৌਕʿlz௅္
છԫ֝ʘจԈfᄲࣨ։ࡰึϞᛆၾ̮໌ࣨ
ᅰࢪٜટਠীdᕐ˙Ԩึ௰ˇӊϋఱϤᑘ
Бɓϣึᙄd ࡊ Ϟც ࠅd၍ଣᄴʔึΐ
ࢩfੂБ໨ԫ̈ࢩᄲࣨ։ࡰึึᙄd˸༆
ഈᄲࣨ։ࡰึʘݟ༔dԨึΣ໨ԫ҅ිజ
ᄲࣨ։ࡰึึᙄɪ౤̈ٙԫ֝f
໨ԫ׼ͣd־ഃϞப΂ၪܵϞࣖٙࠬᎈ၍ଣ
ʿlz௅္છՓܓdԨ׵ɚཧɓɚϋᄲቡϞᗫ
Փܓ̬ϣf໨ԫ၍ଣࠬᎈٙ˙جܼ̍Ъ̈ഄ
ଫ׌஝ྌi։΂Υቇ༟ዝʿ຾᜕ᔮబٙɛ
ɻዄ΂৷ᄴᔖЗi֛ಂ္࿀͉ණྠʘڌତi
࿁༟͉˕̈ʿҳ༟ڭܵϞ္ࣖٙછi˸ʿՓ
֛ܛߏςۆԶהϞ໨ԫʿࡰʈԱ੽f
࿚Їɚཧɓɚϋɤɚ˜ɧɤɓ˚˟ৌ݁ϋ
ܓd໨ԫʊఱ͉ʮ̡ʿՉ᙮ڝ ʮ̡ʘ הϞ
˴ࠅ္છዚՓЪ̈ᄲቡdᇍఖ଄ႊৌਕe
༶ЪʿΥ஝္છd˸ʿࠬᎈ၍ଣ̌ঐd࿁
༶Ъʕٙlz௅္છዚՓٙϓࣖձԑ੄೻ܓ
ชՑတจf͵ᄲᙄ͉ʮ̡ίึࠇʿৌਕි
We take proactive precautionary measures in handling and
dissemination of price-sensitive information. Such information is
restricted to a need-to-know basis. We have adopted a policy on
disclosure of price-sensitive information.
We maintain an Internal Audit Department which is independent of our
daily operations and accounting functions. The Internal Auditor reports
directly to the Audit Committee. An internal audit program based on risk
assessment methodology has been designed and reviewed by the Audit
Committee on an annual basis. On a monthly basis, the Internal Auditor
discusses his internal audit reviews and findings with the management
and obtains management’s responses on various issues. Internal audit
reports are prepared for the Audit Committee every quarter.
Formal meetings were held every three months between the Internal
Auditor and the Audit Committee to discuss internal audit issues in
2012. During Audit Committee Meetings, the Audit Committee also
enquired on financial and internal control matters with the external
auditor. The Audit Committee has the authority to have direct
discussion with the external auditor in the absence of management
if deemed necessary, and they meet at least once annually for this
purpose. Executive Director(s) is/are present at the Audit Committee
Meetings to answer enquiries from the Audit Committee and to report
to the Board on matters arising.
The Directors acknowledged that it is their responsibility to maintain
effective risk management and internal control systems, and had
reviewed them four times in 2012. The Directorsmanage risks by strategic
planning, appointing appropriately qualified and experienced personnel
at senior positions, monitoring the Group’s performance regularly,
maintaining effective control over capital expenditure and investments,
and setting a Code of Conduct for all Directors and employees to follow.
The Directors had conducted a review covering all material controls,
including financial, operational and compliance controls and risk
management functions of the Company and its subsidiaries for the
financial year ended December 31, 2012, and were satisfied that an
effective and adequate internal control system had been in operation.
Considerations are also given to the adequacy of resources, staff
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