Corporate Governance

Guoco recognises the importance of good corporate governance and behavior, and has the ultimate objective of realising long term shareholders’ value whilst taking into account the interest of other stakeholders. The Company has adopted a Corporate Governance Code (“CG Code”) based on the principles as set out in Appendix 14 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“HKEX Code”). The CG Code is reviewed from time to time and updated as appropriate to align with the revised provisions of the HKEX Code. Continuous efforts are made to review and enhance the Group’s risk management and internal control systems and procedures in light of changes in regulations and developments in best practices.

To us, maintaining high standards of corporate governance practices is not just complying with the letter of the provisions but also the intent of the regulations to enhance corporate performance and accountability.

Governance Framework

We have established a clear corporate governance structure to ensure an effective distribution of rights and responsibilities among our Board and the management and maintaining a high standard of business ethics and practices. The structure will also enhance our accountability to shareholders and other stakeholders, and the timely and accurate disclosure of the Group’s material matters.

The Board

Within our corporate governance framework, the Board assumes an important role in directing the Company and enhancing its value for shareholders in accordance with good corporate governance principles. Assisted by the Board Committees, the main responsibilities of the Board broadly cover, among others, reviewing and approving corporate mission and broad strategies; overseeing and evaluating the conduct of the Group’s businesses; identifying principal risks and ensuring the implementation of appropriate systems to manage these risks; as well as reviewing and approving key matters such as financial results, investments and divestments and other material transactions.

The Board views its corporate governance duties as an ongoing commitment. It regularly monitors and reviews the relevant corporate governance code, policy, standard and practices of the Company and their legal and regulatory compliance.

Board Committees

While the Board takes full responsibility of the Group’s corporate governance, relevant aspects of their function are delegated to the Board Committees and management where appropriate. Members with relating expertise and experience will provide the required support to enable the Group in upholding the highest standard of corporate governance.

Please click here for more details about the Board Committees.

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