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 | | | | Corporate Governance |  | The Company is committed to serving the long-term interests of shareholders by being transparent and employing sound business practices. This commitment extends to the prompt disclosure of relevant information in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, as well as a continual determination to achieve high levels of ethics and corporate governance within every aspect of the Group’s business. The board of directors of the Company will continue to review and monitor the Group’s corporate governance practices from time to time with the aim of maintaining a high standard of corporate governance.
The Company has established an Audit Committee to ensure proper financial reporting and adequate internal controls. In addition, a Remuneration Committee has been established to determine the appropriate remuneration of directors and members of senior management. The Company ensures that both committees are provided with sufficient resources to appropriately carry out their respective duties.
The Company firmly believes that transparency and sound business practices will lay the foundation for robust growth while maximizing shareholder returns.
Board of Directors
Our board of Directors consists of eleven Directors, of whom five are executive Directors, four are non-executive Directors and three are independent non-executive directors. The functions and duties conferred on the Board include: convening shareholders’ meetings and reporting their work to the shareholders’ meetings, implementing the resolutions of the shareholders’ meetings, determining the Company’s business plans and investment plans, formulating the Company’s annual budget and final accounts, formulating the Company’s proposals for dividend and bonus distributions and for the increase or reduction of registered capital as well as exercising other powers, functions and duties as conferred by the Articles of Association.
Investor Relations
All the publications of the Company, including prospectus and annoucements, are available on the Stock Exchange's website at www.hkex.com.hk and the company’s own website www.pacific-textiles.com.
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