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Glorious Property
Annual Report 2011
Corporate Governance Report
(Continued)
Attendance Record at Meetings
The attendance record of each Director at Board meetings, Audit Committee meetings and Remuneration Committee
meeting during the Review Period are set out in the following table:
Number of meetings attended/
Number of meetings held
Directors
Board
Audit
Committee
Remuneration
Committee
Executive Directors
Mr. Zhang Zhi Rong
3/4
—
1/1
Mr. Ding Xiang Yang
4/4
—
—
Mr. Cheng Li Xiong
4/4
—
—
Mr. Liu Ning
4/4
—
—
Mr. Xia Jing Hua
4/4
—
—
Mr. Yan Zhi Rong
4/4
—
—
Mr. Yu Xiu Yang
(Note 1)
3/3
—
—
Mr. Li Xiao Bin
(Note 2)
0/1
—
—
Independent Non-executive Directors
Mr. Yim Ping Kuen
4/4
2/2
—
Mr. Liu Shun Fai
4/4
2/2
1/1
Mr. Wo Rui Fang
4/4
2/2
1/1
Mr. Han Ping
4/4
2/2
—
Note 1
Mr. Yu Xiu Yang was appointed as an executive Director on 20 May 2011, therefore he did not attend the Board meeting held on 23 March
2011.
Note 2
Mr. Li Xiao Bin retired as an executive Director at the AGM held on 20 May 2011 and did not offer himself for re-election, therefore he was not
required to attend the board meetings subsequently held on 9 June 2011, 29 August 2011 and 14 December 2011.
Appointment, Re-election and Removal of Directors
The procedures and process of appointment, re-election and removal of Directors are laid down in the Company’s
articles of association. The Board as a whole is responsible for reviewing the Board composition, developing and
formulating the relevant procedures for nomination and appointment of Directors, monitoring the appointment of
Directors and assessing the independence of the INEDs.
All Directors are appointed based on their merits and experiences relevant to the business of the Group and are subject
to re-election by the shareholders at regular intervals. In accordance with the provisions of the Corporate Governance
Code, all Directors are subject to retirement by rotation at least once every three years. A Director may be re-elected at
the general meeting after the expiration of his term.
The Board reviews its own structure, size and composition regularly to ensure that it has a balance of expertise, skills
and experience appropriate for the requirements of the business of the Company.
Each of the executive Directors has entered into a service contract with the Company for a term of three years
commencing on 2 October 2009. Each of the INEDs has entered into an appointment letter with the Company for a
term of one year commencing on 2 October 2010, which was renewed for one year from 2 October 2011.
The Company has not established a nomination committee. New Directors are sought mainly through referrals or
internal promotion. In evaluating whether a candidate is suitable to act as a Director of the Company, the Board
will review the independence, experience and skills of the candidate as well as personal ethics, integrity and time
commitment of the candidate.