HKEx Stock Code ˇG183
 
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Delegation by the Board

The Board has appointed three board committees to assist the Board in discharge of its duties and to oversee particular aspects of the Group's affairs. Each committee has its defined scope of duties and terms of reference available on the Company's website. The committee members are empowered to make decisions on matters within the terms of reference of each committee. To further reinforce independence, the committees have been structured to include a majority of Independent Non-executive Directors.

  • Audit Committee

    The Company established an audit committee (the ˇ§Audit Committeeˇ¨) with written terms of reference in compliance with the code provisions in appendix 14 of the Listing Rules. The primary duties of the Audit Committee are to review and supervise the financial reporting process and internal controls system of the Group and provide advice and comments on the Companyˇ¦s draft annual reports and accounts, half year reports and quarterly reports to Directors. The Audit Committee comprises three members, Mr. Koo, Mr. Lung and Ms.Yeung, all of them are independent non-executive Directors. The chairman of the Audit Committee is Mr. Koo.

    The Audit Committee held meetings to review the financial statements with the recommendations to the Board for approval; and to review the accounting principles and policies adopted by the Group and its financial reporting functions and internal control system.

    Download our Term of Reference for Audit Committee



  • Remuneration Committee

    The remuneration committee of the Company (the ˇ§Remuneration Committeeˇ¨) was established with written terms of reference in compliance with the code provisions appendix 14 of the Listing Rules. The Remuneration Committee consists of four members, of which majority are independent non-executive Directors, namely Mr. Koo, Mr. Lung and Ms. Yeung. The chairman of the committee is Mr. Lung.

    The roles and functions of the Remuneration Committee include the determination of the specific remuneration packages of all executive Directors, including benefits in kind, pension rights and compensation payments, including any compensation payable for loss or termination of their office or appointment, and make recommendations to the Board of the remuneration of nonexecutive Directors.

    The Remuneration Committee held meetings to review the remuneration packages of all the Directors and senior management of the Company.

    Download our Term of Reference for Remuneration Committee



  • Nomination Committee

    The nomination committee of the Company (the ˇ§Nomination Committeeˇ¨) was established on 12 November 2007 with written terms of reference in compliance with the code provisions in appendix 14 of the Listing Rules. It consists of four members, of which majority are independent non-executive Directors, namely Mr. Koo, Mr. Lung and Ms.Yeung, and all were appointed on 12 November 2007. The chairman of the Nomination Committee is Ms.Yeung.

    The roles and functions of the Nomination Committee include nomination of the potential candidates for directorship, reviewing the nomination of the Directors and making recommendations to the Board for ensuring that all nominations are fair and transparent.

    The Nomination Committee held meetings to review the structure, size and composition of the Board, assess the independence of independent non-executive Directors, and make recommendations to the Board relating to the renewal services of independent non-executive Directors.

    Download our Term of Reference for Nomination Committee