Corporate Governance

We are committed to maintaining a high standard of corporate governance practices, demonstrated through an experienced Board, sound risk management and internal controls, and transparency and accountability to all shareholders.

Home / Who we are / Corporate Governance

MMG is committed to maintaining a high standard of corporate governance practices demonstrated through an experienced Board, sound risk management and internal controls, and transparency and accountability to all shareholders. MMG applies the principles of good corporate governance as set out in the Corporate Governance Code of the Hong Kong Listing Rules and those of the International Council on Mining and Metals (ICMM).

To further enhance its corporate governance practices, the Board has approved a restructuring and re-constitution of its Board committees with effect from 4 December 2019. There are two standing Board committees after the restructure of the Board Committees, namely the Audit and Risk Management Committee and the Governance, Remuneration and Nomination Committee, for overseeing particular aspects of the Company’s affairs.

Through our committees we are able to ensure a high standard of business practice. Our Board-level Audit and Risk Management Committee and the Governance, Remuneration and Nomination Committee operate under clear terms of reference.

We also have a number of executive management committees that provide a forum for a more detailed analysis of key issues in managing the company. These include:

  • Safety, Health, Environment and Community (SHEC) Committee;
  • Disclosure Committee;
  • Investment Review Committee;
  • Mineral Resources and Ore Reserves Committee and
  • Code of Conduct Committee.

For more information on MMG’s Corporate Governance download our Corporate Governance Statement

Board Committees

Audit and Risk Management Committee

Chairman
Mr Chan Ka Keung, Peter

Members
Mr Zhang Shuqiang
Mr Xu Jiqing
Dr Peter Cassidy
Mr Leung Cheuk Yan

Download the Terms of Reference of the Audit and Risk Management Committee.

 

Governance, Remuneration and Nomination Committee

Chairman
Dr Peter Cassidy

Members
Mr Jiao Jian
Mr Xu Jiqing
Mr Leung Cheuk Yan
Mr Chan Ka Keung, Peter

Download the Terms of Reference of the Governance, Remuneration and Nomination Committee.

 

Executive Management Committees

We also have a number of Executive management committees, including Safety, Health, Environment and Community (SHEC), Disclosure, Investment Review, Mineral Resources and Ore Reserves and Code of Conduct.

Mineral Resources and Ore Reserves Committee

The Mineral Resources and Ore Reserves Committee is responsible for overseeing the Mineral Resources and Ore Reserves reporting process and ensuring its compliance with the Listing Rules and JORC Code.

The Mineral Resources and Ore Reserves Committee reports to the Governance, Remuneration and Nomination Committee.

Disclosure Committee

The Disclosure Committee is responsible for advising on disclosure obligations of the Company. The Company has adopted a Disclosure Framework to ensure its compliance with the disclosure obligations under the Listing Rules and the timely disclosure of inside information to the market.

The Disclosure Committee comprises the:

  • CEO,
  • Executive General Manager – Commercial
  • CFO,
  • Executive General Manager – Corporate Relations,
  • General Counsel and
  • the Company Secretary.

The Disclosure Framework requires employees to refer all information that potentially requires disclosure to a member of the Disclosure Committee.

The Disclosure Committee reports to the Governance, Remuneration and Nomination Committee.

The Safety, Health, Environment and Community (SHEC) Committee

The Safety, Health, Environment and Community (SHEC) Committee is a management committee reporting directly to the CEO. This allows for streamlined reporting of all material SHEC matters to the Board. The Board receives SHEC reports along with the CEO monthly reports, providing an overview of any material SHEC matters. Material SHEC matters are referred to the Board through the CEO’s report section of the Board agenda as a standing item.

Shareholder’s Policies and Procedures

Shareholder Communication Policy

The Shareholder Communication Policy aims to ensure that effective communication between MMG Limited and its shareholders is maintained, and ready, equal and timely access to clear and balanced information about the Company (including its financial performance, strategic plans, material developments, governance and risk profile) is available to the shareholders to enable them to exercise their rights in an informed manner.

Download the Shareholder Communication Policy.

Procedures for shareholders

The following document outlines procedures for shareholder(s) of the Company to convene general meetings and nominate a person for election as a director of the Company.

Download the Procedures for shareholder(s) to convene general meetings / nominate a person for election as a director.

Articles of Association

Download the MMG Limited Articles of Association. Chinese-language version available here.

Downloads

 

Print