Corporate Governance       

The Group is committed to maintaining high standards of ethics, corporate governance and effective accountability mechanisms in every aspect of its business. Conducting business in a socially responsible and honest manner serves both the Group's and shareholders' long-term interests.

The Group firmly believes that its commitment to good corporate governance has allowed it to grow from a firm foundation and provide quality products and services to the community, while maximizing shareholder returns.

The Group has an Audit Committee to ensure proper reporting and adequate internal controls, with a majority of the committee members being independent non-executive directors. In addition, Remuneration and Nomination Committees were also established. Other measures to safeguard shareholders' interests include the Group's effective board of directors and the prompt disclosure of relevant information to shareholders.

The Group maintains high transparency with the timely release of information to shareholders and investors. This commitment to prompt disclosure of relevant corporate information includes:

• Annual and interim reports
• Distribution of regular periodicals such as the SHKP Quarterly
• Press releases

All of these are available on the Group's web site.

The Group also convenes post-results press conferences and analyst meetings, with directors and senior management present to answer questions. Analysts briefings are webcast to enhance transparency.

The Group has a reputation for its leading approach to corporate governance. It was named:

• Won 2007 Best Corporate Governance Award in Asia from Corporate Governance Asia Magazine.
• Best Corporate Governance in Hong Kong by The Asset magazine in 2007.
• Ranked No.1 among the Best Companies for Corporate Governance in both Asia and Hong Kong (Best for Disclosure and Transparency, Best for Responsibilities of Management and the Board of Directors, Best for Shareholders' Rights and Equitable Treatment, and Best for Investor Relations) by asiamoney magazine in 2006.
• Won 2006 Best Corporate Governance Award from Corporate Governance Asia magazine.
• No. 1 for Best Gorporate Governance in Hong Kong in 2004 by The Asset magazine.
• Best company in Hong Kong for corporate governance in 2004 by Asiamoney.
• Best Hong Kong Company for Corpoarte Governance in the FA100 index by FinanceAsia.
• Hong Kong's Best Property Developer for corporate governance in 2003 by Euromoney magazine.
• Best Property Developer for corporate governance in the Asia-Pacific region in 2002 by Asiamoney magazine.
• One of Hong Kong's Top Ten companies for corporate governance in 2002 by The Asset magazine.
• Best Property Company in Asia for good corporate governance in 2001 by Financial Intelligence Asia magazine.

Documents:

Terms of Reference for Audit Committee
Terms of Reference for Remuneration Committee
Terms of Reference for Nomination Committee

updated 20th July, 2007

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