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China Communications Services Corporation Limited Annual Report 2015
CORPORATE GOVERNANCE REPORT
The Company is committed to maintaining sound corporate governance standards and procedures to ensure the completeness,
transparency and quality of its information disclosure, and strives to achieve more standardized operational procedures and
effective management, so as to safeguard shareholders’ interests to the greatest extent.
CORPORATE GOVERNANCE PRACTICES
As a company incorporated in the PRC and listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”), the
Company has not only complied with the relevant provisions of the Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited (the “Listing Rules”), but also abided by the
PRC Company Law
and other applicable laws,
regulations and regulatory requirements of Hong Kong and the PRC as fundamental guidelines for the Company’s corporate
governance. While strictly complying with relevant laws and regulations, the Group is continually striving to further strengthen its
internal control and risk management procedures in order to improve its corporate governance standards and transparency.
The Board is responsible for performing corporate governance duties, including developing and reviewing the Company’s policies
and practices on corporate governance; reviewing and monitoring the training and continuous professional development of
directors and senior management; reviewing and monitoring the Company’s policies and practices in compliance with legal and
regulatory requirements; developing, reviewing and monitoring the code of conduct and compliance manual applicable to
employees and directors; and reviewing the Company’s compliance with the Corporate Governance Code and disclosure in the
Corporate Governance Report.
The Company has been recognized by capital market in fostering sound corporate governance over the years. In 2015, the
Company was awarded “The Best of Asia — Icon on Corporate Governance” by
Corporate Governance Asia
. Moreover, the
Company was awarded again the Gold Award in “Financial Performance, Corporate Governance and Investor Relations” by
The
Asset
, and the Company was also honored with “The Best Listed Company Award in Corporate Governance” by
Tai Kung Pao
at
the “China Securities Golden Bauhinia Awards”.
Throughout the year ended 31 December 2015, the Company has complied with the code provisions as set out in the Corporate
Governance Code contained in Appendix 14 of the Listing Rules.
