Page 118 - Hang Lung Properties 2012 Annual Report

జᔖঐ˙ࠦٙ༟๕dࡰʈ༟ዝʿ຾᜕d˸
ʿࡰʈ הટաٙ੃৅ሙ೻ʿϞᗫཫၑ݊щ
ԑ੄f໨ԫЪ̈Ϥධഐሞdɗਿ׵ʮ̡ٙ
݁ഄձ೻ҏdԨʊண֛ᛆࠢe္છৌ݁ཫ
ၑʿ֛ಂ္࿀ණྠʘڌତdԨʊਞϽ̮໌
ࣨᅰࢪʿlz௅ᄲࠇࢪʘజѓf
ೌሞ݊ϗᒅɺήԶ͊Ը೯࢝dҵאҪɺή
ܔϓ̙ ࡗቷᘩ ن࿁˓ٙ˰ ޢॴيุdණྠ
ѩึႩ૶˴ࠅࠬᎈfҢ މࡁ ධͦ ڭव̂ԑ
ٙৌ݁༟๕dʔᓙيމ ุ౤ʺ̌ঐʿᎴʷ
̮ᝈ˸ৣΥ̹ఙٙᆓݴᜊʷfҢ ࡁમ͜ʕ
̡̯ࢫ၍ଣdߧɢಯЭ஬࿆ձ൲ڦ ࠬᎈtԨ
Ѽഛ ڭᚐ༟ପdৰᒅ൯ԑ੄ٙڭᎈ̮dһ
Փࠈቇ຅ٙᏐࠇܢ ྌdՉʕܼ̍ணϞཥ໘
ӻ୕ዹͭ௪ܝ ʕːfϤ̮dҢ ࡁ౤Զቇ຅
ٙ੃৅ձՈᘩنɢٙᑚཇdᔟϤ ܔͭਖ਼ุ
؂ਕྠඟʿ࣐वᎴӸࡰʈf
໨ԫᆽ֛dၾɪɓৌ݁ϋܓˢ༰d͉ʮ̡ ה
ࠦ࿁ٙ˴ࠅࠬᎈdί׌ሯɪձ೻ܓɪѩೌࠠ
ɽʔлᜊʷi͉ʮ̡ϞঐɢᏐ˹Չᐄਠᐑྤ
ʿ̮ίᐑྤʘ΂О޴ᗫᜊʷfϤ̮d͉ʮ̡
׵ɚཧɓɚϋԨೌ֠͊ࡌ͍ʘࠠɽ္છ̰Ⴌ
אࢮධfҢࡁܵᚃή੗ʲ္࿀͉ʮ̡ٙlz
௅္છዚՓdԨᐏᄲࣨ։ࡰึආɓӉᗇྼd
lz௅္છዚՓ͍Ϟࣖή༶ЪfҢࡁɓٜ፭ς
Άุ၍طςۆʘςۆૢ˖༱הϞᗫၪܵϞࣖ
ٙlz௅္છՓܓٙ஝֛f
3. ܛߏς ۆ
͉ʮ̡Іɓɘɘ̬ϋৎમॶΆุ ܛߏ ς
ۆdԨʔࣛһอf
ܛߏ ςۆ૶ูΐ͉̈ʮ̡ٙࡡ ۆiܛج ஝
֛tஈଣлूላ߉ٙ˙όiஈଣዚ੗༟ࣘ
ձʮ̡ৌପiԴ͜༟ৃձஷৃӻ୕iϞᗫ
ᑘజ݁ഄٙ͡ൡಬ༸iၾԶᏐਠձ፬ו ਠ
ٙʮ̻ʹ׸i˹ಛ೻ҏi࿁ٰ؇ձҳ༟٫
ٙப΂iၾᚥ܄ձऊ൬٫ٙᗫڷi྇඿ς
ۆi˸ʿ࿁ٟึٙப΂ഃfԫྼɪdςۆ
ࠑ༉ ə͉ණྠุٙਕ຾ᐄ֚ϙdЪהމ Ϟ
ࡰʈձԶᏐਠٙԱ੽ᅺ๟f
qualifications and experience, training programs and budget of the
Company’s accounting and financial reporting function. The Directors
came to such a conclusion based on the Company’s policies and
procedures, specific limits of authority, budgetary controls, regular
monitoring of performance and the reports from both the external
auditor and the Internal Auditor.
We identify major risk in land acquisition for future expansion, the
development into world-class outstanding properties that will let us
stay ahead of competitors, maintaining adequate financial resources
for the projects, constantly upgrading the functions and appearance
of our properties to capture the changes in market and trend, using a
centralized treasury function and limiting the exposure to currency and
credit risk, safeguarding our assets, maintaining adequate insurance
coverage, formulating an appropriate disaster plan including a separate
computer back-up site, providing appropriate training and competitive
remuneration packages to retain quality staff.
The Directors confirm that there have been no major downside
changes in the nature and extent of significant risks faced by us from
the previous financial year, and the Company has the ability to respond
to any such changes in our business and the external environment.
Furthermore, there were no significant control failings or weaknesses
identified that have not been rectified in 2012. We closely monitor our
system of internal control, and received further assurance from the
Audit Committee that the internal audit function has been functioning
effectively. We have complied with the code provisions set out in the
CG Code in respect of maintaining an effective internal control system.
3. Code of Conduct
We have adopted a corporate Code of Conduct since 1994 which is
updated from time to time.
The Code of Conduct clearly spells out the Company’s stance, the legal
requirements, conflicts of interest, handling of confidential information
and company property, use of information and communication systems,
avenue for whistle blowing, fair trading with suppliers and contractors,
payment procedures, responsibilities to shareholders and the financial
community, relationship with customers and consumers, employment
practices, and responsibilities to the community. In essence, it details
the Group’s philosophy in running its business and acts as a benchmark
for all staff and suppliers to follow.
118 |