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Home > Investor Relations |
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Minimun 60 minutes delay |
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| Corporate Governance |
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While TCL Communication is moving into the world market at an unprecedented pace, the Group is also becoming increasingly responsible to shareholders worldwide. The Board is committed to enhancing the Group's corporate governance standards by improving corporate transparency through effective channels of information disclosure. The Board believes that good corporate governance is beneficial for maintaining close and trustful relationships with its employees, business partners, shareholders and investors.
Internal Management
The overall internal operation of the Group is overseen by the CEO who also receives reports from various department heads on business strategies, operation plans, budget as well as general management issues on a regular basis or when necessary.
Board of Directors
The Company's Board comprises nine directors, including three executive directors (one of them is the chairman of the Board), three non-executive directors and three independent non-executive directors.
The members of the Board, all being industry veterans, are responsible to the shareholders for formulating the overall business development targets and long-term company strategies, assessing results of management policies and monitoring performance of the management.
The Company's independent non-executive directors are professionals in different fields including telecommunications industry. Mr. LAU Siu Ki, Kevin is a professional accountant with profound financial and accounting expertise. Mr. SHI Cuiming, an engineer, served in Ministry of Posts and Telecommunications for many years. He served as executive director or chairman in several Hong Kong and New York-listed telecommunications companies. Mr. LIU Chung Laung is now Honorary Chair Professor of National Tsing Hua University in Hsinchu, Taiwan. he has been engaged in teaching and research in the field of Electrical Engineering for a long period of time.
The insight and extensive experience of the members of the Board contribute greatly towards the Group's success.
Audit Committee
The audit committee of the Board consists of three independent non-executive directors. It meets at least 4 times a year to review the truthfulness, completeness, and accuracy of the Group's financial statements. The audit committee is accountable to the Board and assists the Board in meeting its responsibilities in ensuring an effective and adequate system of internal controls and for meeting its external financial reporting obligations and compliance with other legal and regulatory requirements. The committee also oversees the scope of work of external auditors.
(Terms of Referece)
Remuneration Committee
The remuneration committee, with a majority of members being independent non-executive directors, meets regularly to make recommendations to the Board on the Company's policy and structure for all remuneration of directors and senior management, and on the establishment of a formal and transparent procedure for developing policy on such remuneration. The committee also reviews and approves the performance-based remuneration by reference to corporate goals and objectives resolved by the Board from time to time.
(Terms of Referece)
Information Disclosure
As a listed company on the Main Board of the HKSE, apart from interim and annual results announcements made in accordance with the listing rules, the Group has volunteered to issue additional quarterly results and monthly sales figures to provide investors and public with additional information for evaluating the Group's performance in a timely manner.
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