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TCL Multimedia Technology Holdings Limited
 
The Board of Directors of TCL Multimedia Technology aims to achieve the highest standards of corporate governance and business ethics in pursuing its mission of becoming the world's leader in the multimedia industry. The Group's ultimate goal is to maximize values for its shareholders, staff and customers.

Board of Directors
The Board of Directors steers the Group's business direction. It is responsible for formulating the Group's long-term strategies, setting business development goals, assessing results of management policies, monitoring the management's performance and ensuring effective implementation of risk management measures on a regular basis.
 
The Board currently comprises 12 directors, including 4 executive directors, 4 non-executive directors and 4 independent non-executive directors. The non-executive directors, more than half of whom are independent, play an important role on the Board. Accounting for about half of the Board members, they are experienced professionals in their respective fields. They are responsible for ensuring that the Board maintains high standards of financial and other mandatory reporting as well as providing adequate checks and balances for safeguarding the interest of the shareholders of the Company and the Group as a whole.
(Board of Directors)

 

Nomination Committee
In 2011, the Board had not established a nomination committee, and the selection and approval of new directors was undertaken by the Board. When there was a nomination to directorship, the Board would assess the suitability of the nominee and decide whether to accept the nomination. A director appointed by the Board was subject to reelection by the shareholders of the Company at the first general meeting after the appointment. On 24 February 2012, the Board has established a nomination committee pursuant to the requirements of the Revised Code. It considers matters regarding the nomination and/or appointment or reappointment of director(s).
(Terms of Reference)

 

Audit Committee
The Audit Committee is accountable to the Board and assists the Board in meeting its responsibilities in ensuring an effective and adequate system is in place for internal controls and for meeting its external financial reporting obligations and compliance with other legal and regulatory requirements. The Audit Committee also reviews and monitors the scope and effectiveness of the work of external auditors. The Audit Committee is governed by its terms of reference, which have been revised by the Board on 24 February 2012 pursuant to the Revised Code. The Audit Committee meets at least 4 times a year to review the Group’s quarterly, interim and annual results. 
 

(Terms of Reference)

Remuneration Committee
The Remuneration Committee was established in April 2005 pursuant to the requirements of the Code. It meets from time to time to make recommendations to the Board on the Group’s policy and structure for all remuneration of directors and senior management, and on the establishment of a formal and transparent procedure for developing policy on such remuneration. The Remuneration Committee is governed by its terms of reference, which have been revised by the Board on 24 February 2012 pursuant to the Revised Code. 
(Terms of Reference)

Corporate Transparency
The Group maintains a high level of corporate transparency and has frequent interactions with shareholders, investors and media through different channels. Apart from interim and annual results announcements made in accordance with requirements of the Listing Rules of the Main Board, the Group has moved further beyond mere compliance and has volunteered to issue additional quarterly results since 2001.

Moreover, in order to provide investors with more information for evaluating the Group's performance in a timely manner, the Group made a further step to release monthly shipment data of its core products, our move was welcomed by investors and shareholders.

 "Memorandum and Articles of Association" 

 

 "The procedures for shareholders to propose a person for election as a director"