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Glorious Property
Annual Report 2011
CORPORATE GOVERNANCE
The Group endeavors to enforce a high level of corporate governance and believes that this is
vital to the development of the Group and safeguarding the interest of the shareholders. As a
responsible enterprise, the Group’s corporate governance standards are built on the principles
of independency, accountability, transparency and integrity.
The Group has an efficient Board of Directors and seeks to maximise benefit for the
shareholders through audit committee, remuneration committee and nomination committee
which ensure reporting system, sufficient internal monitoring and optimised accountability
system are implemented.
CORPORATE SOCIAL RESPONSIBILITY
In 2011, aligned with the goal of contributing to the harmonious development of the society,
the Group consistently abided by its social responsibilities as a good corporate citizen.
As a publicly listed company, the Group successfully achieved its parallel goals of both
building quality residential and commercial projects and promoting its commitment to
the environmental protection by implementing green management. The Group has made
significant contribution to charitable activities in many areas such as environmental protection
and education.
CORPORATE CULTURE
The Group strives to forge a cohesive corporate culture of achieving and sharing together by
encouraging harmonious and team-spirited atmosphere, constructing all-rounded and all-
leveled communication system and multi-professional development plans and thus inducing
cohesion within the Group. During the year, the “Teamwork Training Programme” reinforced
employees’ awareness of cooperation and service, thus the cohesion and sense of belonging
within the Group are further enhanced. During the year, the Group designated the senior
management team to The Wharton School, University of Pennsylvania, the U.S.A. for a short
term global leadership training by which they were equipped with the foremost modern
business management knowledge, therefore, the Group’s senior management’s modernisation
and leadership as an international enterprise can be improved. The Group frequently held
various company activities, such as the Staff Culture, Sports and Arts Festivals to provide a
communication platform outside the workplace for its employees, helping them improve their
physical and mental well-being as well as enriching the corporate culture.
Business Outlook
In 2012, the Group forecasts that the growth of global economy remains slow. The European
sovereign debt crisis will not see a significant improvement in the short run while the Eurozone
economies may fall into recession. The United States economy will continue to recover
at a slow pace. The international financial market is still subject to fluctuations which will
encumber the recovery and growth of the world economy.