Investor Relations

Corporate Governance

BOARD COMPOSITION

The Board of the Company consisted of three executive Directors and three independent non-executive Directors.

The Board is responsible for the leadership and control of the Company, overseeing the Company’s businesses, strategic decisions and performance, evaluating the performance of the Company and supervising the management. In addition, the Board reserves the authority to make final decisions for all major matters of the Company, including approving and monitoring of budgets, internal control and risk management, dividend payout, material transaction, preparation and release of financial information, appointment of Directors, and other significant financial and operational matters.

List of Directors and Their Role and Function

 

BOARD COMMITTEES

Paradise Entertainment Limited as a listed company responsible to shareholders with good corporate governance, the company has established the Board Committees to ensure a long-term, safeguard and stable development in the interest of its shareholders.

 

REMUNERATION COMMITTEE

The remuneration committee of the Company (the “Remuneration Committee”) is responsible for making recommendations to the Board on, among other things, the Company’s policy and structure for the remuneration of all Directors and senior management of the Company by making reference to market rates, their duties and responsibilities within the Group and their experience and is delegated by the Board with the responsibility to determine on behalf of the Board the specific remuneration packages for all executive Directors and senior management of the Company.

Executive Director

Independent Non-executive Directors

 Mr. Jay Chun

 Mr. Li John Zongyang (Chairman)

 

 Ms. Tang Kiu Sam Alice

Terms of Reference

 

NOMINATION COMMITTEE

The nomination committee of the Company was established on 30 March 2012 with written terms of reference. The Nomination Committee is responsible for reviewing the structure, size and composition of the Board regularly and making recommendations on any proposed changes to the Board to complement the Company’s corporate strategy. Its duties include identification and nomination of candidates to fill casual vacancies of Directors and succession planning for the Chairman. The Nomination Committee is also responsible for assessing the independence of independent non-executive Directors.

Executive Director

Independent Non-executive Directors

 Mr. Jay Chun (Chairman)

 Ms. Tang Kiu Sam Alice 

 

 Mr. Li John Zongyang

Terms of Reference

 

AUDIT COMMITTEE

The audit committee of the Company is responsible for reviewing and supervising the financial reporting process and internal control system of the Group and providing advice and comments to the Board.

Executive Director

Independent Non-executive Directors

 

 Mr. Li John Zongyang (Chairman)

 

 Mr. Kai-Shing Tao

 

 Ms. Tang Kiu Sam Alice

Terms of Reference

 

Memorandum and Articles of Association of the Company

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Procedures for shareholders to Propose a Person for Election as a Director

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