CORPORATE GOVERNANCE REPORT (CONTINUED)
BOARD COMMITTEES (Continued)
Nomination Committee (Continued)
Mr. Leung Hay Man was the Independent Non-executive Director and served the Board until October 2018. Mr. Wong Man Kong, Peter was the Non-executive Director and served the Board until March 2019. Save for the above, there is no change in the composition of the Board.
During the year, two nomination committee meetings were held. During the meetings, the Nomination Committee members reviewed the structure, size, diversity and composition (including the skills, knowledge, experience and length of service) of the Board, assessed the independence
of Independent Non-executive Directors and reviewed the Independent Non-executive Directors' annual confirmations on their independence; reviewed the time required for a Director to perform his responsibilities; made recommendations to the Board for re-election of the retiring Directors at the annual general meeting of the Company held on 28 May 2018. The Nomination Committee members also reviewed and recommended the proposed amendments to the disclosure of corporate governance of the Company, where appropriate, to the terms of reference of the Nomination Committee, reviewed and recommended a revised and updated board diversity policy and formulated a nomination policy of the Company in December 2018, and recommended the same to the Board for approval.
The current composition of the Board provides a diversity of skills, gender, experience, and knowledge to the Company. The diversity profile of the Board as at 14 March 2019 is as follows:
Board Diversity
0
1
2
3
4
Gender
Number of Directors: 8
Male
Female
Designation
Executive Directors
Independent Non-executive Directors
Ethnicity
Age Group
61-70
Chinese
Male
7
8
Non-executive Directors
3
71 or above
Board Tenure
> 10 years
> 20 years
> 30 years
Property Development
Property Investment
Business Management
Core Expertise
Accounting
Commercial and Public Service
Note:
Multiple professional background and experience may apply to a Director.
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2018
Banking and Finance
1