31
ANNUAL REPORT 2015/2016
CORPORATE GOVERNANCE STATEMENT
Principle 4: Board Membership
Nominating Committee
To achieve a transparent process for the appointment of directors to the Board, among other
considerations, the Company has established the NC. The Chairman of the NC is an Independent and
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NC members are independent, and currently comprise of the following members:
Stanley Lai Tze Chang
Chairman
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Mark Anthony James Vaile
Member
The NC’s principal function, as guided by its terms of reference, is as follows:
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adopted by the Board. Following the adoption of such criteria, an annual evaluation and
assessment of the performance of the Board as a whole and the contribution of each Director
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effectiveness of the Board (taking into consideration the annual performance evaluation of
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candidate would assist to contribute towards increasing the performance and effectiveness
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view to determine whether the candidate’s appointment would benefit the Group and would
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balance between executive and non-executive directors and between independent and non-
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independent directors who have served on the Board for more than 9 years.
