Annual Report - QuamIR

Corporate Governance Report (Continued)
During the year, the Remuneration Committee held one meeting and
reviewed, inter alia, the remuneration policy and structure of the Company,
the Directors’ fees and the remuneration of newly appointed Director. No
Director was involved in deciding his/her own remuneration. The attendance
records of each member at the meetings of the Committee are set out on
page 17. Details of the Directors’ remuneration for the year are set out in note
10 to the consolidated financial statements.
Nomination Committee
The Company has established a Nomination Committee with written terms
of reference. The Nomination Committee, chaired by an Independent Nonexecutive
Director, comprises four members namely Mr. CHUNG Cho Yee,
Mico, Mr. CHENG Yuk Wo, Mr. Albert Thomas DA ROSA, Junior and Mr. FAN
Yan Hok, Philip, all of whom are independent. The Nomination Committee
held one meeting during the year, and the attendance details of each member
are set out on page 17.
17
10
17
The Nomination Committee is responsible for reviewing the structure, size
and composition of the Board, identifying suitable candidates for directorship,
assessing the independence of Independent Non-executive Directors, and
making recommendations to the Board regarding any proposed appointment
or re-appointment.
During the year, the work performed by the Nomination Committee includes
the following:
• reviewing the structure, size and composition of the Board;
•
• assessing the independence of Independent Non-executive Directors;
•
• assessing the qualification and experience of new candidate for
directorship and making recommendation to the Board on matters
relating to the appointment of director;
•
• make recommendation to the Board relating to the re-appointment of
the retiring Directors.
Audit Committee
The Company has established an Audit Committee with written terms of
reference which have been updated from time to time to align with the code
provisions set out in the CG Code. The Audit Committee, chaired by an
Independent Non-executive Director, comprises four members namely Mr.
CHUNG Cho Yee, Mico, Mr. CHENG Yuk Wo, Mr. Albert Thomas DA ROSA,
Junior and Mr. FAN Yan Hok, Philip, all of whom are Independent Nonexecutive
Directors.
•
•
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