Boc Hong Kong (holdings) Limited · HKEX:2388
Boc Hong Kong (holdings) — Corporate Update (September 2003)
7 slides from Boc Hong Kong (holdings)'s corporate update, Sep 5, 2003
Slide 1: The Board's Response to the Report of the Special Committee
The Board’s Response to the Report of the Special Committee BOC Hong Kong (Holdings) Limited 5 September 2003
Slide 2: Where we are coming from
Where we are coming from • Ongoing transformation since restructuring & merger to pave the way for becoming a world-class banking institution • Closely following the principles & practices of good corporate governance • As an accountable and responsible company, we are taking immediate and proactive
Slide 3: Measures to enhance risk management & internal control
Measures to enhance risk management & internal control • Rectification of variations of Bank policies from HKMA guidelines • Enhancement of credit and risk management and internal control processes • The Audit Committee to commission a more detailed review of the Bank’s internal audit processes agai
Slide 4: Measures to enhance management
Measures to enhance management • Appointment of Chief Operating Officer • Appointment of Director of Risk
Slide 5: Measures to enhance corporate governance
Measures to enhance corporate governance • To increase the number of independent non-executive directors on the Board • To increase the number of executive directors on the Board • To create an Executive Committee of the Board
Slide 6: Officers responsible
Officers responsible • Mr Liu Jinbao – The Board to address a note of the Special Committee’s findings to Bank of China • Mr Or Man Ah – Application for early retirement accepted by the Board
Slide 7: Conclusion
Conclusion • The episode has come to a close • BOCHK will continue working toward its aim for becoming a world-class banking institution • Commendation for the staff • Commendation for the Special Committee
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