Independent Non-Executive Directors
Mr. CHENG Hoi Chuen, Vincent Professor WONG Yue Chim, Richard Mrs. LEE Pui Ling, Angelina Mr. ZHU Qi
In accordance with Bye-law 109(A) of the Company’s Bye-laws, Mr. Cheng Hoi Chuen, Vincent, Mr. Lo Hong Sui, Vincent, Dr. Lo Ying Sui, Archie and Mr. Kan Tak Kwong shall retire by rotation and, being eligible, have offered themselves for re- election at the 2011 Annual General Meeting of the Company.
The Company has received from each Independent Non-executive Director an annual confirmation of his/her independence pursuant to the independence guidelines set out in Rule 3.13 of the Listing Rules, and the Board considers all the Independent Non-executive Directors of the Company to be independent.
Directors’ and Senior Management’s Biographies
The biographical details of the Directors and the Senior Management of the Company are set out on pages 34 to 37 of this Annual Report.
Directors’ Service Contracts
None of the Directors proposed for re-election at the 2011 Annual General Meeting has a service contract with the Company or any of its subsidiaries which is not determinable by the employer within one year without payment of compensation (other than statutory compensations).
Details of Directors’ emoluments are set out in note 13 to the consolidated financial statements.
Directors’ Interests and Short Positions in Shares, Underlying Shares and Debentures
As at 31 December 2010, the interests and short positions of the Directors or chief executives of the Company in the shares, underlying shares and debentures of the Company or any of its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (“SFO”)) which were notified to the Company and The Stock Exchange of Hong Kong Limited (“Stock Exchange”) pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests or short positions which they were taken or deemed to have under such provisions of the SFO), or which were recorded in the register required to be kept by the Company under Section 352 of the SFO, or which were required, pursuant to the Model Code for Securities Transactions by Directors of Listed Issuers (“Model Code”) set out in Appendix 10 to the Rules Governing the Listing of Securities on the Stock Exchange (“Listing Rules”), to be notified to the Company and the Stock Exchange, are as follows:
Annual Report 2010