In implementing the Board Diversity Policy, the Nomination Committee evaluates the composition of the Board and director candidates from time to time against objectives such as increasing gender diversity and broadening the cultural background, educational background, industry experience and professional experience of the members of the Board. The Nomination Committee will consider setting measurable objectives to implement the Board Diversity Policy and regularly review such objectives to ensure their appropriateness and ascertain the progress made towards achieving those objectives. For the Financial Year 2021, the Nomination Committee is of the view that the Board composition satisfied the objectives of the Board Diversity Policy. Given the enlarged size of the Board and the growth of the Company, it will conduct a review of the Policy on an annual basis to ensure continued effectiveness of the Policy in delivering its objectives. According to the terms of reference, the Nomination Committee shall meet at least once a year. The Nomination Committee shall strictly adhere to this requirement in the future. Corporate Governance Functions The Company adopted the CG Code as the policy for its corporate governance of the Company. The responsibility for performing the corporate governance functions rests with the Board. The Board has performed the following duties: (a) developed and reviewed the Company’s policies and practices on corporate governance; (b) reviewed and monitored the training and continuous professional development of directors and senior management. (c) reviewed and monitored the issuer’s policies and practices on compliance with legal and regulatory requirements; (d) developed, reviewed and monitored the Code of Conduct and Business Ethics applicable to employees and Directors; and (e) reviewed the Company’s compliance with the CG Code and disclosure in this Corporate Governance Report. COMPANY SECRETARY Mr Richard Kin-sing Lee (“Mr Lee”) was appointed as the Company Secretary of the Company on 22 February 2019. He is also the Group Legal Counsel (Capital Markets) of the Company and, thus, an employee of the Company having day-to-day knowledge of the Company’s affairs. Pursuant to rule 3.29 of the Listing Rules, Mr Lee undertook no less than 15 hours of relevant professional training in 2021. FINANCIAL REPORTING AND INTERNAL CONTROL Financial reporting The Directors acknowledged their responsibility for the preparation of the consolidated financial statements of the Group for the year ended 31 December 2021. The statement by the auditors about their reporting responsibilities for the auditors’ report on the financial statements is set out in the Independent Auditor’s Report on pages 124 to 128 of this annual report. The Directors were not aware of any material uncertainties relating to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. CORPORATE GOVERNANCE REPORT R E A C H I N G N E W H E I G H T S 70 CORPORATE GOVERNANCE
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