Corporate Governance       

Maintaining high standards of business ethics and corporate governance has always been one of the Group's prime tasks. It believes that conducting its business in an open and responsible manner and following good corporate governance practices serve its long-term interests and those of its shareholders by maximizing returns.

Rigorous standards of corporate governance enhance the Group's accountability and transparency, earning the confidence of shareholders and the public. The Company has complied with the code provisions in the Code on Corporate Governance Practices as set out in Appendix 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Board of Directors of the Company continued to monitor and review the Group's progress in respect of corporate governance practices to ensure compliance.

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:

• Asia's 2009 Best Managed Property Company and Best Corporate Governance in Hong Kong by Euromoney.
• for Platinum Award for Excellence in Management and Corporate Governance in 2009 from The Asset magazine.
• Overall Best Company for Corporate Governance in Asia and Hong Kong (2004-2008) in Poll of Polls by Asiamoney magazine, in recognition of its continuous excellence in the corporate governance polls over the past five years.
• for 2009 Corporate Governance Asia Recognition Award - The Best of Asia from Corporate Governance Asia Magazine.
• for 11 awards in Asiamoney Corporate Governance Poll 2008 including Best Companies in Asia for Corporate Governance, Best Overall for Corporate Governance in Hong Kong, Best for Disclosure and Transparency, Best for Responsibilities of Management and the Board of Directors, Best for Shareholder's Rights and Equitable Treatment, Best for Investor Relations in Asia and Best for Investor Relations Officer in Hong Kong.
• 2008 Best Corporate Governance Award by The Asset magazine.
• 2008 Best Corporate Governance Award in Asia by Corporate Governance Asia magazine.
• for 11 awards in Asiamoney Corporate Governance Poll 2007 including Best Companies in Asia for Corporate Governance, Best overall for corporate governance in Hong Kong, Best for disclosure and transparency, Best for responsibilities of management and the board of directors, Best for shareholder's rights and equitable treatment, Best for investor relations in Asia and Best for investor relations officer in Hong Kong.
• 2007 Best Corporate Governance Award in Asia by Corporate Governance Asia magazine.
• Best Corporate Governance in Hong Kong by The Asset magazine in 2007.
• 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.
• 2006 Best Corporate Governance Award by 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 magazine.
• 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 17th March, 2010

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