Lukfook Group is committed to maintaining high standards of corporate governance. Conducting business with "Exquisite Craftsmanship, Quality Services and Customer-Oriented", the Group serves both the Group's and shareholders' long-term interests.
With all the committee members being independent non-executive directors, the Audit Committee is established to maintain the relationship with the Company's external auditor, review the Company's financial information and oversight of the Company's financial reporting system and internal control procedures to ensures proper reporting and adequate internal controls. The Remuneration Committee is established, with a majority being independent non-executive directors, to make recommendation to the Board on the Company's policy and structure for all remuneration of directors and senior management. The nomination committee is established to review the structure, size and composition of the Board as well as consider the succession plan for directors and other senior executives.
The Group maintains high transparency with the timely release of information to shareholders. Corporate information, such as Annual Report and Interim Report, is also disclosed to the shareholders via the Group's website at lukfook.com.
In 2005, Forbes Magazine named the Group as "One of Asia and The Pacific's 200 Best Under A Billion". Among the 22 Hong Kong enterprises on the list, Lukfook Group is the only jewellery company being elected, which indicates Lukfook is a renowned company in the region with excellent corporate governance ability. Companies on the list must have revenues under US$1 billion a year and five-years' average returns on equity of at least 5 percent. Sustained growth in sales and earnings are also required.