Tonic Industries Holdings Limited (the "Company") believes that good corporate governance is central to safeguarding the interest of its shareholders and other stakeholders and enhancing its performance. The Company's corporate governance practices are based on the Code on Corporate Governance Practices set out in Appendix 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Company is committed to ensure a high standard of corporate governance.
In addition to the board of directors, the Company established a remuneration committee and an audit committee with their respective functions as follows:
Board of Directors
The Board of Directors comprises of the following eight directors:
| Executive Directors | Independent Non-executive Directors |
| Mr. Ling Siu Man, Simon | Mr. Pang Hon Chung |
| Mr. Wong Ki Cheung | Mr. Cheng Tsang Wai |
| Ms. Li Fung Ching, Catherine | Dr. Chung Hing Wah, Paul |
| Mr. Au Wai Man | |
| Mr. Lam Kwai Wah |
The Board of Directors principally focuses on the overall strategic development of the group, monitors the financial performance and the internal controls of the group's business operations.
Remuneration Committee
The Remuneration Committee consists of the following three members and two of them are independent non-executive directors:
Mr. Cheng Tsang Wai (Committee Chairman)
Mr. Pang Hon Chung
Ms. Li Fung Ching, Catherine
The Remuneration Committee makes recommendation to the Board of Directors on the Company's policy and structure for all remuneration of directors and senior management.
Audit Committee
The Audit Committee consists of the following three members and all of them are independent non-executive directors:
Mr. Pang Hon Chung (Committee Chairman)
Mr. Cheng Tsang Wai
Dr. Chung Hing Wah, Paul
The Audit Committee is responsible for reviewing the financial reports, internal controls principals and maintaining an appropriate relationship with the Company's auditors.
Please click here to view the Company's latest Corporate Governance Report.
updated 13th August, 2008
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