Board of Directors

Management Structure

Audit Committee

The minimum number of members of the Committee shall be 3 and shall be appointed by the Board without fixed term of office but shall retire, and being eligible for re-appointment, at every annual general meeting of the Company. All members should be non-executive directors and a majority of them should be independent.

Under its Terms of Reference,duties of the Audit Committee include considering the appointment, reappointment and removal of the external auditor, the audit fee and terms of engagement of the external auditor, and any questions of resignation or dismissal of that auditor; discussing with the external auditor before the audit commences, the nature and scope of the audit, and ensure co-ordination where more than one audit firm is involved; reviewing and monitoring the external auditor’s independence and objectivity and the effectiveness of the audit process in accordance with applicable standard; developing and implementing policy on the engagement of an external auditor to supply non-audit services; monitoring integrity of financial statements of the Company and the Company’s annual report and accounts, half-year report and, if prepared for publication, quarterly reports, and to review significant financial reporting judgements contained in them; considering any significant or unusual items that are, or may need to be, reflected in such reports and accounts and must give due consideration to any matters raised by the Company’s staff responsible for the accounting and financial reporting function, compliance officer or auditors; and reviewing the Company’s financial controls, internal control and risk management.

Members:
Raymond CHENG (Chairman)
Charles LO
John LO

Remuneration Committee

Members of the Committee shall be directors of the Company, and precisely of a minimum of 3 members. Majority of the Committee shall be independent non-executive directors of the Company. The members shall be appointed by the Board without fixed term of office but shall retire, and being eligible for re-appointment, at every annual general meeting of the Company. The Board shall nominate one of the members of the Committee who is also an independent non-executive director of the Company to be the chairman of the Committee. The Company Secretary of the Company shall be the secretary of the Committee.

Under its Terms of Reference, duties of the Remuneration Committee include making recommendation to the Board on the Company’s remuneration policy and structure for all remuneration of directors and senior management and on the establishment of a formal and transparent procedure for developing policy on such remuneration; having the delegated responsibility to determine the specific remuneration packages of all executive directors and senior management, including benefits in kind, pension rights and compensation payments, including any compensation payable for loss or termination of their office or appointment, and make recommendations to the Board of the remuneration of non-executive directors. The remuneration committee should consider factors such as salaries paid by comparable companies, time commitment and responsibilities of the directors, employment conditions elsewhere in the group and desirability of performance-based remuneration; reviewing and approving performance-based remuneration by reference to corporate goals and objectives resolved by the Board from time to time; reviewing and approving the compensation payable to executive directors and senior management in connection with any loss or termination of their office or appointment to ensure that such compensation is determined in accordance with relevant contractual terms and that such compensation is otherwise fair and not excessive for the Company; reviewing and approving compensation arrangements relating to dismissal or removal of directors for misconduct to ensure that such arrangements are determined in accordance with relevant contractual terms and that any compensation payment is otherwise reasonable and appropriate; and ensuring that no director or any of his associates is involved in deciding his own remuneration.

Members:
Raymond CHENG (Chairman)
Charles LO
Bankee KWAN

Total Caring Committee

Since 2007, Caring Committee has been set up to perform CASH group’s mission of becoming a Total Caring Organization. Committee aims at effectively combine the top down vision with the bottom up ideas and opinions, in order to facilitate an inside out power to fulfil our sustainable development of social responsibilities.

Throughout the years, Caring Committee has organized a wide variety of CSR activities, including staff activities, corporate events, donations and social services. We have also expanded our Committee to PRC area in 2010 to cope with the growing needs and progressive business development. Caring Committee periodically review our mission for continuous development and improvement.

Members:
Board of Directors
Human Resources Department
Group Public Affairs Department
Representatives from different Business Units

Crisis Emergency Team

To prepare for the risk of outbreak of epidemic or disastrous event, a Steering Committee is set up for taking up the leading role to respond to the crisis alert; while a Management Committee is responsible for working out the preventive measures and contingency plans, as well as co-ordinating with all relevant Department Heads to execute the crisis procedures when triggered by the pre-defined criteria.

Steering Committee Members:
Bankee Pak-hoo Kwan
Bernard Law
Raymond Ng
Benson Chan
Derek Ng

Management Committee Members:
Bernard Law
Raymond Ng
Kevin Lee