idsMED is committed to good corporate governance principles because we believe in enhancing our shareholders' value. We emphasise on transparency, accountability, and independence.
We are committed to good corporate governance principles because we believe in enhancing our shareholders' value. We emphasise on transparency, accountability, and independence.
Overseeing corporate governance is our Board of Directors, committed to prudent management to enhance shareholder value. The Board members come with a broad range of business and management experience across different industries, including supply chain management, banking, finance, talent management, leadership, risk management, global business, and marketing.
The Board comprises an Executive Director and six Non-executive Directors:
- Ben Chang: Group CEO and Founding Partner
- Dr. Victor Fung: Chairman and Non-executive Director, Nomination and Remuneration Committees Chairman
- Dr. William Fung: Non-executive Director
- Martin Angus: Non-executive Director, Audit Committee Chairman
- Monica Tsui: Non-executive Director, Audit, Nomination and Remuneration Committees Member
- Tsui Lap Chee: Non-executive Director, Nomination and Remuneration Committees Member
- Henrik Pedersen: Non-executive Director, Audit Committee Member
The Board established the following committees in 2017 with defined terms of reference:
- Audit Committee
- Nomination Committee
- Remuneration Committee
The Audit Committee is established to review the Group’s financial reporting, internal controls, and corporate governance issues and make relevant recommendations to the Board.
A Non-executive Director chairs the Committee, and all Committee members are Non-executive Directors. The Committee includes members with appropriate accounting or related financial management expertise.
A Non-executive Director chairs the Nomination Committee. Its terms of reference cover:
- recommendations to the Board on the appointment of Directors
- evaluation of Board composition
- identification of suitably qualified individuals to become Board members
- assessment of the independence of Non-executive Directors
- the succession of Board management
- the monitoring of training and continuous professional development of Directors and senior management
A Non-executive Director chairs the Remuneration Committee. The Committee’s responsibilities include:
- making recommendations to the Board on the remuneration policy for all Directors and senior management,
- granting of share options and allocation of shares to employees
- determining the remuneration packages of individual Executive Directors and senior management.