Corporate Governance
Corporate Governance Practices
Prime Intelligence Solutions Group Limited is committed to maintaining high standards of corporate governance. The Board is of the view that enhancing public accountability and corporate governance is beneficial to the healthy development of the Group and enhancing the confidence and protection of customers and suppliers.
The Company has adopted the Corporate Governance Code (the “Corporate Governance Code”) as set out in the Company’s Listing Code on 14 February 2018 (the “Listing” The date is in effect and has complied with the Corporate Governance Code for the year ended March 31, 2018, with the exception of the following deviations. The Board continues to monitor and review corporate governance principles and practices to ensure compliance
Chairman And Chief Executive Officer
CG Code provision C.2.1 stipulates that the roles of chairman and chief executive officer should be separate and should not be performed by the same individual. Mr. Wang was appointed as the Chairman and the chief executive officer on 13 May 2024. Given that the scale of the Group is not mega and that the Company’s and the Group’s current business operations and administration have been stable, the Board is justified that the current structure is able to enable the effective discharge of the duties of both positions. However, going forward, the Board will review from time to time the need to separate the roles of the Chairman and the chief executive officer if the situation warrants it.
Directors’ Securities Transactions
The Company has adopted a code of conduct regarding securities transactions by Directors (the “Model Code”) on terms no less exacting than the required standard of dealings set out in Rule 5.48 to 5.67 of the GEM Listing Rules effective from the Listing Date on 14 February 2018.
Upon the specific enquiry made to all the Directors, the Company was not aware of any non-compliance with the Model Code regarding securities transactions by the Directors for the period from the Listing Date during to 31 March 2018.
Board Of Directors
Composition
The Board currently comprises 8 directors, including 4 Executive Director, 1 Non-executive Directors and 3 Independent non-executive directors.
Executive Directors
Mr. Wang Yicheng (Chairman and Chief Executive Officer)
Ms. Yuen Mei Ling, Pauline
Ms. Zhang Yushan
Mr. Yang Chuan
Non-executive Directors
Mr. Yuen Kwok Wai, Tony
Independent non-executive Directors
Mr. Wong Ching Wan
Ms. Li Dongxian
Ms. He Zhiqi
Board Committeess
Audit Committee
Mr. Wong Ching Wan (Chairman)
Ms. Li Dongxian
Ms. He Zhiqi
Nomination Committee
Mr. Wong Ching Wan (Chairman)
Mr. Wang Yicheng
Ms. Li Dongxian
Ms. He Zhiqi
Remuneration Committee
Mr. Wong Ching Wan (Chairman)
Mr. Wang Yicheng
Ms. Li Dongxian
Ms. He Zhiqi
All directors have given sufficient time and attention to the affairs of the Group. Each executive director has sufficient experience, knowledge and execution ability to hold the position so as to carry out his duties effectively and efficiently