GOING
THE DISTANCE
EUROSPORTS
GLOBAL
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COR PORAT E
GOV E RNANC E
Training of directors
The Company has an open policy for professional training for all directors. The Company encourages directors to attend the relevant
courses and training programmes and the cost incurred will be borne by the Company.
The Company will regularly organize internal trainings for the directors, which include technical training on the Company¡¯s products.
Induction, briefings, updates to directors in FY2016
A formal letter of appointment is provided to every new director. The formal letter of appointment indicates the time commitment
required and the roles and responsibilities of directors.
All new directors were given appropriate briefings when they were first appointed to the Board. All new directors appointed to the
Board were briefed to ensure that they are familiar with the Company¡¯s business, operation, governance practice and regulatory
requirement. The directors are provided with continuing briefings from time to time and are kept updated on relevant laws and
regulations, including directors¡¯ duties and responsibilities, corporate governance and developing trends, insider trading and financial
reporting standards so as to enable them to properly discharge their duties as members of the Board or Board committees. In
addition, the external auditors briefed the directors at least annually to keep the directors abreast of changes to accounting standards
and issues which have a direct impact on financial statements or when necessary when these changes may be significant and/or
substantial. To keep the directors abreast of industry trends and issues, press releases which were relevant to the Group¡¯s business
are circulated to the directors.
The directors can request for further explanations, briefings or information on any aspect of the Company¡¯s operation or business
issues from the management.
BOARD COMPOS I T ION AND GU I DANCE
Principle 2: There should be a strong and independent element on the Board, which is able to exercise objective judgement
on corporate affairs independently, in particular, from the management and 10% shareholders. No individual or small group of
individuals should be allowed to dominate the Board¡¯s decision making.
Board size and board composition
The present Board comprises five members. There is strong and independent element on the Board. Of the five members, three
are Non-Executive Independent Directors.
On an annual basis, the Nominating Committee reviews the size and composition of the Board and Board committees and the skills
and core competencies of their members to ensure an appropriate balance of skills and experience. These competencies include
accounting and finance, banking, business acumen, customer based knowledge, familiarity with regulatory requirements, industry
knowledge, risk management knowledge, management experience, and strategic planning experience.
The Board considers that its directors possess the necessary competencies and knowledge to lead and govern the Group effectively.
Taking into account the nature and scope of the Group¡¯s business, the Board believes that the current composition and size provide
sufficient diversity without interfering with efficient decision-making.
