Financial Performance - The Group's financial results for the year ended March 31, 2023, are detailed in the consolidated statement of profit or loss and other comprehensive income[71]. - Monthly management reports on financial results and key operating statistics are reviewed by Executive Directors to discuss business performance against budgets and forecasts[141]. - The Group's dividend policy is aligned with its financial performance and market conditions[36]. Audit and Compliance - The audit fees charged by Deloitte for audit services amounted to HK634,000, leading to a total of HK$4,234,000[20]. - The Audit Committee reviews the Group's interim and annual financial results to ensure compliance with accounting principles[23]. - The Audit Committee has confirmed compliance with applicable code provisions of the CG Code during the year, with some deviations explained in relevant paragraphs[146]. - Reports from external auditors on internal controls are reviewed by the Group Finance Director and relevant management teams[144]. - Significant internal control deficiencies are reported to the Audit Committee and the Board in a timely manner to ensure prompt remediation actions[101]. Risk Management - The Board has overall responsibility for the Group's systems of risk management, internal control, and legal and regulatory compliance[37]. - The Group's risk management policy is designed to identify, evaluate, and manage significant risks, with annual assessments conducted by the Risk Management Taskforce[74]. - The Group Managing Director and Group Finance Director are responsible for developing and implementing risk mitigation strategies, including insurance coverage[75]. - The internal audit function assists the Board and Audit Committee in monitoring risk management and internal control systems on an ongoing basis[101]. - The Board conducted a review of the effectiveness of the Group's risk management and internal control systems for the year ended March 31, 2023, and concluded that these systems are effective and adequate[149]. Corporate Governance - The Board has overall responsibility for monitoring the operations of the Group's business, with Executive Directors appointed to oversee material operating subsidiaries[107]. - The Board is committed to maintaining effective corporate governance and continuously improving governance practices to meet evolving regulatory requirements[145]. - The Company has implemented a communication policy to provide shareholders with clear and comprehensive information regarding the Group's operations[129]. - The shareholders' communication policy has been reviewed and deemed effective during the year ended March 31, 2023[154]. - The Board emphasizes the importance of maintaining effective communication with shareholders and investors through various channels[151]. Environmental, Social, and Governance (ESG) Initiatives - The Company has established long-term carbon emissions reduction targets to mitigate climate change impacts and reduce its carbon footprint[65]. - The Company has set long-term management goals for reducing greenhouse gas emissions, energy consumption, waste, and improving water efficiency[168]. - The Company has established long-term ESG goals and missions, with a commitment to monitor and manage ESG-related risks[169]. - The ESG taskforce is responsible for evaluating the effectiveness of the Company's ESG management systems and reporting achievements to the Board regularly[169]. - The Company continues to monitor various environmental data and aims for continuous progress in ESG performance[188]. Diversity and Inclusion - The Board has adopted a diversity policy to enhance the diversity of board members, considering factors such as gender, age, and professional experience[56]. - As of March 31, 2023, the total workforce comprised of 63% female and 37% male, with senior management consisting of 48% female and 52% male, indicating good gender diversity[150]. Employee Welfare - Employee compensation and benefits are a key focus area, emphasizing the importance of recruitment, promotion, and dismissal practices[196]. - The Company is committed to improving workplace health and safety as part of its social responsibility initiatives[196]. - The Company aims to enhance employee training and development as part of its labor practices[196]. Stakeholder Engagement - The Company conducted annual stakeholder engagement to identify material ESG issues, which were confirmed by management and the Board[137]. - Stakeholder engagement methods include meetings, email communications, and performance appraisals, ensuring active communication with suppliers, customers, employees, investors, and government authorities[170]. - The Company engages stakeholders through various methods, including public consultation and press releases, to inform decision-making[193].
东方表行集团(00398) - 2023 - 年度财报