Investor RelationsCorporate Governance
KWIH values good corporate governance. The Group complies with
the code provisions in the Code on Corporate Governance Practices
as set out in appendix 14 of the rules governing the listing of
securities on The Stock Exchange of Hong Kong Limited. To ensure
the interest of its shareholders, the Board of Directors also sets
up Audit Committee, Remuneration Committee and Nomination Committee
to ensure proper reporting and adequate internal controls of the
Group.
The Board is accountable for the proper stewardship of the Group's
affairs, and Directors acknowledge their responsibility for
preparing the accounts of the Group in accordance with the
requirements of the Listing Rules and applicable laws and the
integrity of financial information so reported. Such responsibility
extends to cover not only the annual and interim reports but also
announcements and other financial disclosures of the Group required
under the Listing Rules.
Besides, the management of individual businesses within the Group
provides the Directors with such information and explanations
necessary to enable them to make an informed assessment of the
financial and other information put before the Board for approval.
The Group also adopts the going concern basis in preparing its
financial statements and acknowledges its responsibility for
maintaining and reviewing the effectiveness of the Group's system
of internal controls.
The Group has a clear organizational structure with well-defined
responsibilities, reporting lines and authority limit and budgetary
controls on managers of operating divisions. The scope of internal
control and risk management covering financial, operational, and
compliance areas, and control procedures is to identify and then
manage risks.
