25
ANNUAL REPORT 2015/2016
CORPORATE GOVERNANCE STATEMENT
The Board of Directors (“Board”) of Stamford Land Corporation Ltd (“Company”) and its subsidiaries (“Group”)
are committed to high standards of corporate governance in its business and operations in the way in which
the Company is directed, administered and controlled. The Board believes that good governance is an essential
ingredient to ensure corporate and business success, and to maintain sustainable growth. In this respect, the
Board promotes accountability to its shareholders in its pursuit of its corporate and business objectives.
The Company is pleased to confirm that it has adopted corporate governance practices which are in line with
the principles and guidelines of the revised Code of Corporate Governance 2012 (“2012 Code”).
This corporate governance statement provides an insight into the Company’s corporate governance
framework and practices in reference to the 2012 Code for the financial year ended 31 March 2016 (“FY2016”).
1.
BOARD MATTERS
Principle 1: The Board’s Conduct of Affairs
The Board provides the entrepreneurial leadership, sets the strategic direction and performance
objectives of the Group, and sets the standards for the Group’s corporate governance policies and
practices. Its principal function is to:
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restructuring, dividend payments and other returns to shareholders of the Company (“Shareholders”),
and on matters that may involve a potential conflict of interest for any director.
