Annual Report - QuamIR

Report of the Directors (Continued)
Purchase, Sale or Redemption of the Company’s Listed
Securities
During the year ended 31 December 2011, neither the Company nor its
subsidiaries purchased, sold or redeemed any of the Company’s listed
securities.
Corporate Governance
The Company’s corporate governance practices are set out in the Corporate
Governance Report on pages 14 to 25.
Model Code for Securities Transactions by Directors
The Company has adopted the Model Code as its own code of conduct
regarding Directors’ securities transactions. Specified employees who are
likely to be in possession of unpublished price-sensitive information of the
Group are also subject to compliance with guidelines on no less exacting
terms than the Model Code. A Code for Securities Dealings by Employees
has also been adopted in this regard.
Retirement Benefits Schemes
Information on the Group’s retirement benefits schemes is set out in note 11a
to the consolidated financial statements.
Sufficiency of Public Float
Based on the information that is publicly available to the Company and within
the knowledge of the Directors, as at the date of this report, there is sufficient
public float of more than 25% of the Company’s issued shares as required
under the Listing Rules.
Review of the Audited Financial Statements by Audit
Committee
The audit committee of the Company comprises four independent nonexecutive
directors with written terms of reference in accordance with the
requirements of the Listing Rules, and reports to the Board. The audit
committee has reviewed the audited consolidated financial statements for the
year ended 31 December 2011.
14
25
11a
25%
66 HKC (Holdings) Limited • Annual Report 2011