Corporate Governance

The Group strives to achieve the highest standard of corporate governance through board responsibility, a sound internal control system as well as a comprehensive code of conduct.

As a publicly-listed company, every effort has been made to ensure that the Group adheres to best practices and is in good compliance status in all regulatory aspects. The Group’s Compliance Policy Statement describes our commitment and approach to compliance in conducting business activities.

Directors' training and development is an important element of good corporate governance. The Group has arranged for Directors to attend training sessions and forums which place emphasis on the roles, functions and duties of a listed company director.

Wharf's management has been closely involved in the development of the Group's business conduct and ethics, risk management, audit and compliance as well as shareholders' rights and reporting. Any changes to regulations that affect the Group's corporate affairs and businesses, and changes to accounting standards are closely monitored.

The Group has devised a sound and effective internal control system to safeguard shareholders' investment and the Group's assets. The Group's Board of Directors, through the Audit Committee, ensures the system's effectiveness by conducting an annual review and reporting to Shareholders.

Good corporate governance also requires the co-operation of every colleague. In addition to a set of policies and practices, staff are briefed and updated on the Group's comprehensive code of conduct and are required to conduct their business in an ethically responsible manner and behave in accordance with the Group's norms, values and regulatory requirements.

To maintain the accountability and transparency of the Group's operations, we keep our stakeholders informed of our performance and activities through the following channels:

  • corporate website
  • annual and interim reports
  • announcements
  • circulars
  • press releases
  • intranet
  • staff newsletters
  • client newsletters

A full Corporate Governance Report is available from page 59 to 76 of the Groups Annual Report 2019.