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STAMFORD LAND CORPORATION LTD
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”).
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 the 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.
CORPORATE GOVERNANCE STATEMENT
