CLP is committed to good standards of corporate governance and it is our objective to take forward a corporate governance structure which builds on CLP’s own standards and experience. Over the years, we have developed and put in place a set of policies, procedures and systems that make up a unique CLP corporate governance structure.
Our Board is charged with promoting the success of CLP. We believe that board diversity enhances decision-making capability and we recognise board diversity is an essential element in contributing to the sustainable development of CLP. Our Retirement Age Guideline for Non-executive Directors is part of our Board Diversity Policy.
CLP is committed to undertaking a performance evaluation of the Board on an ongoing basis. Through this review, the Board seeks practical, actionable recommendations, which would enable the Board to progress and enhance its impact on key issues facing CLP.
CLP adopts a transparent and structured methodology in the determination of the fees paid to our Non-executive Directors. This ensures that the fees are in line with market practice based on a formal independent review undertaken at least every three years.