Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
Mandarin Oriental International Limited - Mandarin Oriental Hotel ...
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Internal control (continued)<br />
Prior to completion and announcement of the half-year and year-end results, a review of the financial information<br />
and of any issues raised in connection with the preparation of the results is undertaken by the audit committee of<br />
MOHG with the executive management and a report is received from the external auditors. The external auditors<br />
also have access to the full Board, in addition to the Group Chief Executive, Finance Director and other senior<br />
executives.<br />
The audit committee of MOHG keeps under review the nature, scope and results of the external audit and the<br />
audits conducted by the internal audit department. The audit committee of MOHG also keeps under review the<br />
independence and objectivity of the external auditors.<br />
Directors’ share interests<br />
At 31st December 2005, the Directors of the Company had the interests set out below in the ordinary share capitals<br />
of the Company and its holding companies, Jardine Strategic Holdings <strong>Limited</strong> (‘Jardine Strategic’) and Jardine<br />
Matheson Holdings <strong>Limited</strong> (‘Jardine Matheson’), and fellow subsidiary Dairy Farm <strong>International</strong> Holdings <strong>Limited</strong><br />
(‘Dairy Farm’).These interests were beneficial unless otherwise stated.<br />
The Company Jardine Strategic Jardine Matheson Dairy Farm<br />
Simon Keswick 19,858 7,290 9,364,343 # 66,087<br />
19,661* 2,722,552*<br />
Edouard Ettedgui – – – 24,000<br />
Henry Keswick – – 11,628,642 # -<br />
55,366*<br />
R C Kwok 6,711 1,167 28,315 20,914<br />
C G R Leach - 53,777 932,814 –<br />
Richard Lee – – 90,000 –<br />
Sydney S W Leong 467,577 227,428 557,698 1,025,571<br />
12,696*<br />
James Watkins – – 100,567 –<br />
Percy Weatherall – 78,750 33,593,220 # 552,081<br />
* Non-beneficial.<br />
355,389*<br />
# Includes 2,269,585 ordinary shares held by a family trust in which Simon Keswick, Henry Keswick and Percy Weatherall each has a discloseable<br />
interest.<br />
In addition:<br />
a) At 31st December 2005, Edouard Ettedgui and John R Witt held options in respect of 7,100,000 and 2,200,000<br />
ordinary shares, respectively, issued pursuant to the Company’s Senior Executive Share Incentive Schemes.<br />
b) At 31st December 2005, Jonathan Gould and Percy Weatherall held options in respect of 150,000 and 130,000<br />
ordinary shares, respectively, in Jardine Matheson issued pursuant to that company’s senior executive share<br />
incentive schemes.<br />
c) At 31st December 2005, Simon Keswick, Jonathan Gould, Henry Keswick, C G R Leach and Percy Weatherall<br />
had deemed interests in 35,915,991 ordinary shares in Jardine Matheson as discretionary objects under the<br />
1947 Trust, the income of which is available for distribution to senior executive officers and employees of<br />
Jardine Matheson and its wholly-owned subsidiaries.<br />
ANNUAL REPORT 2005 77