CORPORATE GOVERNANCE STATEMENT
Stamford Land Corporation Ltd (the “Company”) is committed to achieve a high standard of corporate
governance, promote corporate transparency and protect shareholders’ interests.
The Company is pleased to confirm that the Company has adopted corporate governance practices
which are in line with the principles and guidelines of the revised Code of Corporate Governance 2012
(the “2012 Code”) which supercedes the Code of Corporate Governance 2005, where it is applicable
and practical.
This statement sets out the Company’s main corporate governance practices with reference to the
2012 Code.
1. BOARD MATTERS
Principle 1: The Board’s Conduct of Affairs
The current Board comprises seven directors and their principal functions are to:
• Formulate corporate strategies, financial objectives and directions for the Group
• Ensure effective management leadership of the highest quality and integrity
• Provide oversight in the proper conduct of the Group’s businesses
• Oversee and/or evaluate the adequacy of the internal audit, risk management, financial reporting
and compliance processes
• Oversee and ensure high standards of corporate governance for the Group
The Board also deliberates and makes decisions on material acquisitions and disposals of assets,
corporate restructuring, dividend payments and other returns to shareholders and on matters that
may involve a conflict of interest for any director.
All new directors are given an orientation of the Group’s business and governance practices, and all
directors have appropriate access to information. The Company is responsible for arranging regular
training programmes for the Company’s directors from time to time to keep them up to date on the
current developments, particularly on changes to relevant new laws and regulations, and changing
commercial risks, to enable them to make informed decisions and to ensure that the directors are
competent in carrying out their expected roles and responsibilities.
To efficiently discharge its responsibilities, the Board has established several board committees,
namely, the Executive Committee, Audit and Risk Management Committee, Nominating Committee
and Remuneration Committee. These committees are given specific responsibilities and they are
empowered by the Board to deal with matters within the limits of authority set out in their respective
terms of reference. They assist the Board operationally without the Board losing authority over
major issues.
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STAMFORD LAND CORPORATION LTD
ANNUAL REPORT 2013/2014
