CORPORATE GOVERNANCE
STATEMENTS
21
CITIC ENVIROTECH LTD.
Annual
Report
2015
The number of Board and Board Committees meetings held in the financial period ended 31 December
2015 and the attendance of each director, where relevant are as follows:-
Board
Audit
Committee
Nominating
Committee
Remuneration
Committee
No. of Meetings
3
3
1
1
No. of Meetings attended by the respective directors
Mr Hao Weibao
2
N/A
–
N/A
Dr Lin Yucheng
3
N/A
1
N/A
Mr Zhang Yong
3
N/A
–
N/A
Mr Wang Song
3
N/A
–
N/A
Mr Yeung Koon Sang alias David Yeung
3
3
1
1
Mr Tay Beng Chuan
3
3
1
1
Mr Lee Suan Hiang
3
3
1
1
Mr Zhao Fu
3
N/A
1
1
All Directors are updated regularly concerning any changes in the Company’s policies, risks management,
key changes in the relevant regulatory requirements and accounting standards. The Company also
provides ongoing education on Board processes, governance and best practices. Newly appointed
Directors are briefed by the Management on the business activities of the Group and its strategic
directions. They are also provided with relevant information on the Company’s policies and procedures.
Matters Requiring Board Approval
The Board has identified a number of areas for which the Board has direct responsibility for decision-
making. Interested Persons Transactions and the Group’s internal control procedures are also reviewed by
the Board. Major investments and funding decisions are approved by the Board.
The Board will also meet to consider the following corporate matters:-
Approval of quarterly and year end result announcements;
Approval of the Annual Reports and Accounts;
Convening of Shareholder’s Meetings
Approval of Corporate Strategies; and
Material Acquisitions and disposal of assets
Principle 2: Board Composition and Balance
The Board of Directors comprises eight directors, three of whom are independent directors. The Directors
of the Company as at the date of this statement are:-
(i)
Mr Hao Weibao, Executive Chairman
(ii)
Dr Lin Yucheng, Executive Director and Chief Executive Officer
(iii) Mr Zhang Yong, Executive Director
(iv) Mr Wang Song, Executive Director
(v)
Mr Yeung Koon Sang alias David Yeung, Lead Independent Director
(vi) Mr Tay Beng Chuan, Independent Director
(vii) Mr Lee Suan Hiang, Independent Director
(viii) Mr Zhao Fu, Non-Executive Director
