Chinachem Group takes a different stance to most. We place our contribution to the community and environment on an equal footing with our profitability. This is further strengthened by our unique ownership structure – whilst our group of companies are presently held by Court appointed administrators, they ultimately will sit within a charitable trust containing assets bequeathed to it by the late Nina Wang, once Chinachem Group's Chairwoman.
The Hong Kong Court has determined that a scheme be established for the administration of the charitable trust in furtherance of Nina Wang’s will. An application by the Secretary of Justice (as the protector of charities in Hong Kong) pertaining the implementation of the scheme is pending determination by the Court.
Currently, two representatives from PricewaterhouseCoopers Limited (PwC) act as court appointed administrators, protecting and preserving the assets of the estate.
Safeguarding our legacy
Chinachem Group
Corporate Governance
The preservation and enhancement of the legacy that we operate, is of the utmost importance to the Group, therefore we take corporate governance very seriously.
The Group is overseen by an Executive Committee (ExCo) whose members include the following Executive Directors of the Group: Donald Choi, Wong Hung Han, and Ricky Tsang; two Independent Non-Executive Directors: Andy Cheung and Peter Brien; as well as three representatives from the administrators.
Sitting on the Executive Committee as CEO, is Donald Choi. He has worked globally as an architect and developer for more than 30 years and believes passionately in the power of design to empower society. Donald is also the Board Chairman of Pine Care Group Limited, a subsidiary company of the Group. Very active across a number of community, professional, and academic areas, he is amongst other roles, Chairperson of the Construction Innovation and Technology Application Centre, as well as board members of Hong Kong Green Building Council, Business Environment Council, Hong Kong Design Centre, the Hong Kong Science and Technology Parks Corporation, and Habitat of Humanity Hong Kong. In addition, he serves as Adjunct Professor at the University of Hong Kong, Trustee of Rhode Island School of Design, advisory committee members at the Hong Kong Polytechnic University and the Chinese University of Hong Kong, etc.
The following chart shows the Group's current corporate governance structure. The Group is committed to maintaining the highest standards of openness, integrity and accountability, encouraging and providing support to employees to report any suspected misconduct, malpractice and irregularity within the Group.
Should anyone, internal or external, suspect misconduct, malpractice, or irregularity within the Group, they should contact the Audit Committee at auditcommitee@chinachemgroup.com.
