The Board comprises 15 Directors including two executive Directors, eight non-executive Directors and five independent non-executive Directors with a term of three years, subject to re-election and reappointment. Responsibilities of the Board include but are not limited to:
1) executing resolutions passed at Shareholders’ general meetings and reporting to the Shareholders;
2) determining our operation and investment plans;
3) formulating our financial and capital plans;
4) determining our internal management structure and formulating fundamental management rules;
5) appointing and dismissing members of senior management and determining their remunerations, rewards and penalties;
6) reviewing toll rates, toll collection methods and related adjustments proposed by our general manager; and
7) exercising other functions and powers empowered by relevant laws, regulations and the Articles of Association.
The Supervisory Committee of our Company consists of eight members, including three employee Supervisors, three shareholder representative Supervisors and two independent Supervisors with a term of three years, subject to re-election and reappointment. Responsibilities of the Supervisory Committee include but are not limited to:
1) reviewing regular reports of our Company prepared by the Board;
2) inspecting our financial position;
3) supervising Directors and senior management in respect of their performance of duties, and requesting them to rectify any actions which prejudice against our interests; and
4) exercising other functions and powers empowered by relevant laws, regulations and the Articles of Association.
Procedures for Shareholders of the Company to Nominate a Person for Election as a Director (PDF)