NOMINATION OF DIRECTORS
The Board is responsible for considering the suitability of
an individual to act as a Director, and approving and terminating
the appointment of a Director. The Company has not established
a Nomination Committee. The Company currently does not have
any plans to set up a Nomination Committee considering the small
size of the Board.
The Chairman is responsible for identifying suitable candidates
for member of the Board when there is a vacancy or an additional
director is considered necessary. The Chairman proposes the
appointment of such candidates to each member of the Board for
consideration. Each member of the Board will review the qualifications
of the relevant candidates for determining the suitability to
the Group on the basis of his or her qualifications, experiences
and background.
LOOKING FORWARD
The Group will keep on reviewing its corporate governance
standards on a timely basis and the Board endeavors to take
the necessary actions to ensure the compliance with the provisions
of the Code on Corporate Governance Practices introduced by
the Stock Exchange.
COMPLIANCE WITH THE CODE ON CORPORATE GOVERNANCE PRACTICES
OF THE LISTING RULES
The Company has complied with all the code provisions set
out in the Code on Corporate Governance Practices ("Corporate
Governance Code") contained in Appendix 14 of the Rules
Governing the Listing of Securities on the Stock Exchange
(the "Listing Rules").
MODEL CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS OF
LISTED ISSUERS
The Company had adopted the "Model Code for Securities
Transactions by Directors of Listed Issuers" as set out
in Appendix 10 of the Listing Rules as the code for dealing
in securities of the Company by the directors (the "Code").
Having made specific enquiries, the Company confirmed that
all directors have complied with the required standard as
set out in the Code.
AUDITORS' REMUNERATION
The Audit Committee of the Company is responsible for considering
the appointment of the external auditor and reviewing any
non-audit functions performed by the external auditor, including
whether such non-audit functions could lead to any potential
material adverse effect on the Company.
DIRECTORS' AND AUDITORS' RESPONSIBILITIES FOR ACCOUNTS
The directors are responsible for the preparation of financial
statements which give a true and fair view. In preparing financial
statements which give a true and fair view it is fundamental
that appropriate accounting policies are selected and applied
consistently.
It is the auditor's responsibility to form an independent
opinion, based on their audit, on those financial statements
and to report their opinion.
TRANSPARENCY AND COMMUNICATION
MINTH GROUP thoroughly maintains and enhances its transparency.
Latest developments and financial reports of the Group are
available to investors through its website www.minthgroup.com
or by directly contacting the Group's Investor Relations Department.
The Group maintains effective communications and good relationships
with fund managers and analysts through meetings, conference
calls, road shows, etc.
Shareholders are encouraged to make enquiries to Company's
appropriate staff member through letters, emails, phone calls,
etc. They are also invited to attend Annual General Meetings
and voice any concerns or suggestions to the Directors.
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