Board Diversity Policy
1. Purpose
This Policy aims to set out the approach to achieve diversity on the Company’s board of directors (the “Board”).
2. Vision
The Company recognizes and embraces the benefits of having a diverse Board to enhance the quality of its performance.
3. Policy
When determining the composition of the Board, the Company will consider board diversity in terms of, among other things, gender, age, experience, cultural and educational background, expertise, skills and know-how. All Board appointments will be based on merits, and candidates will be considered against objective criteria, having due regard for the benefits of diversity on the Board.
4. Measurable Objectives
| 4.1 | Selection of candidates for Board membership will be based on a range of diversity perspectives, including but not limited to gender, age, experience, cultural and educational background, expertise, skills and know-how. The ultimate decision will be based on merit and contribution that the selected candidates will bring to the Board. |
| 4.2 | The Board would ensure that appropriate balance of gender diversity is achieved with reference to stakeholders’ expectation and international and local recommended best practices. |
| 4.3 | The Board aspires to having an appropriate proportion of Directors who have direct experience in the Group’s core business, with different ethnic backgrounds, and reflecting the Group’s strategy. |
5. Monitoring and Reporting
| 5.1 | The nomination committee of the Company (“Nomination Committee”) is responsible for reviewing the structure, size, diversity profile and skills matrix of the Board, selecting individuals to be nominated as Directors, reviewing succession plan of Directors and making recommendations on these matters to the Board for approval. |
| 5.2 | The Company is mindful of having an appropriately structured recruitment, selection and training program at appropriate levels so as to identify and prepare suitable talents for Board positions. |
| 5.3 | The Nomination Committee will disclose the composition of the Board annually in the Corporate Governance Report and monitor the implementation of this Policy. |
6. Review of this Policy
The Nomination Committee will review this Policy, as appropriate, to ensure the effectiveness of this Policy. The Nomination Committee will discuss any revisions that may be required, and recommend any such revisions to the Board for consideration and approval.
7. Disclosure of this Policy
| 7.1 | This Policy will be published on the Company’s website for public information. |
| 7.2 | A Summary of this Policy together with the measurable objectives set for implementing this Policy, and the progress made towards achieving those objectives will be disclosed in the annual Corporate Governance Report. |
Second amended on 20 October 2022
In case of any discrepancies or inconsistency between the English version and Chinese version,
the English version prevails.