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Corporate Governance Report



                                                Corporate Governance Report





             CORPORATE GOVERNANCE PRACTICES

             The  Company has complied  with  all  the  applicable code provisions set out in  the  Corporate  Governance
             Code and Corporate Governance Report (the “Code”) contained in Appendix 14 to the Rules Governing the
             Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) for the 12 months
             ended 31st March 2018, except with deviation from code provision E.1.2.

             The then chairman of the board had not attended the annual general meeting of the Company on 25th
             August 2017, which deviated from code provision E.1.2. The chairman will endeavour to attend all future
             annual general meetings of the Company.

             THE BOARD

             The Board is responsible for the formulation of the Group’s business and strategic decisions and monitoring
             the performances of the management team.


             The Board currently comprises four executive directors, namely Mr LEUNG Wai Sing, Wilson, Mr KUOK Kun
             Man, Mr LEUNG, Jimmy and Mr LIU Lup Man and three independent non-executive directors, namely Mr LI
             Wah Ming, Mr LEE Tak Chi and Mr CHEUNG, Johnson.

             Four Board meetings were held during the year ended 31st March 2018. The attendance of each director is
             set out as follows:

             Members of the Board                                                 Attended/Eligible to attend

             Executive Directors

             Mr LEUNG Kai Ching, Kimen (retired on 15th June 2018)                                      4/4
             Mr LEUNG Wai Sing, Wilson                                                                  4/4
             Mr KUOK Kun Man                                                                            4/4
             Mr LEUNG, Jimmy                                                                            4/4
             Mr LIU Lup Man                                                                             4/4

             Independent Non-executive Directors

             Mr LI Wah Ming                                                                             3/4
             Mr LEE Tak Chi                                                                             4/4
             Mr CHEUNG, Johnson                                                                         4/4

             The  Company has  received an  annual  confirmation  of independence from each of  the  independent non-
             executive directors in accordance with rule 3.13 of the Listing Rules. The Board has assessed their
             independence and concluded that all independent non-executive directors are independent.
















                                                                      ALCO HOLDINGS LIMITED  ANNUAL REPORT 2018  13
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