Corporate Governance

Automated Systems Holdings Limited (the “Company”) recognizes the importance of good corporate governance to the Company’s healthy growth and continues to devote considerable efforts to identifying and formulating corporate governance practices appropriate to the needs of its business.

The Company’s corporate governance practices are based on the principles and code provisions as set out in the Corporate Governance Code (the “Code”) set out in Appendix 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) (the “Listing Rules”). The Company regularly reviews its corporate governance practices to ensure these continue to meet the requirements of the Code. Any deviations from any of them, the Company will provide considered reasons for each deviation in annual report and interim report during the year of review.

 

Audit Committee

The Audit Committee is established by the Board of Directors of the company since 18th March 1999. Its principal functions are to assist the Board to fulfill its corporate governance and oversee responsibilities in relation to the Group’s financial controls, internal control, risk management system and internal and external audit functions. The terms of reference of the Audit Committee are set out below.

Terms of Reference

Members of the Audit Committee
Deng Jianxin (Chairman)
LI Wei
PAN Xinrong
Or Siu Ching, Rerina

Remuneration Committee

The Remuneration Committee is established by the Board since 8th August 2003. Its principal functions are to determine the policy for the remuneration of Executive Directors and senior management, assess performance of Executive Directors and approve the terms of Executive Directors’ service contracts. The terms of reference of the Remuneration Committee are set out below.

Terms of Reference

Members of the Remuneration Committee
PAN Xinrong (Chairman)
LI Wei
Or Siu Ching, Rerina

Nomination Committee

The Nomination Committee is established by the Board since 1st April 2012. Its principal functions are to review the structure, size, composition and diversity of the Board and make recommendation for directorship to the Board. The terms of reference of the Nomination Committee are set out below.

Terms of Reference

Members of the Nomination Committee
LI Wei (Chairman)
PAN Xinrong
DENG Jianxin

Management Committee

The Management Committee is established by the Board since 4th December 1997. Its principal functions are to review and make recommendations to the Board concerning objectives and strategy for the Group in the development of its business, having regard to the interests of its shareholders, customers, employees and other stakeholders, approve policy guidelines for business divisions and execute strategy approved by the Board.

Members of the Management Committee
WANG Yueou (Chairman)
LI Wei
CUI Yong

Investment Committee

The Investment Committee is established by the Board since 8th November 2001. Its principal functions are to identify and evaluate existing and potential investment opportunities for the Group and make recommendations to the Board.

Members of the Investment Committee
WANG Weihang (Chairman)
WANG Yueou
PAN Xinrong
DENG Jianxin