• Code on Corporate Governance Practices

      Beijing Enterprises Water Group Limited (the "Company") is committed to maintain the quality of corporate governance so as to ensure better transparency of the Company, protection of shareholders' and stakeholders' rights and enhance shareholder value. During the year ended 31 December 2020, in the opinion of the board (the "Board") of directors (the "Director(s)") of the Company, the Company complied with all code provisions set out in the Corporate Governance Code (the "CG Code") as set out in Appendix 14 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"), with deviation mentioned below.

      Code provision E.1.2 of the CG Code stipulates that the chairman of the Board should attend the annual general meeting of the Company. Having regard to the mandatory global travel restrictions in connection with the COVID-19 pandemic, the chairman of the Board did not attend the annual general meeting of the Company held on 9 June 2020. In his absence, the executive director of the Company was invited to chair the annual general meeting and the member of nomination committee of the Company was invited to attend by video/audio conferencing, and was available to answer shareholders’ questions at the annual general meeting.

    • Model Code for Securities Transaction by Directors

      The Company has adopted the Model Code as set out in Appendix 10 of the Listing Rules as the code of conduct in respect of securities transactions of the Directors (the "Mode Code"). Having made specific enquiry of all Directors, the Company has confirmed that all Directors have complied with the required standards set out in the Model Code and its code of conduct regarding Directors' securities transactions during the year.

    • Audit Committee

      The Audit Committee of the Company is composed of three independent non-executive directors. The Audit Committee members performed their duties within written terms of reference formulated by the Company in accordance with the requirements of the Listing Rules.

      The Audit Committee is mainly responsible for considering all relationships between the Company and the auditing firm (including the provision of non-audit services), monitoring the integrity of the Company's financial statements and issues arising from the audit as well as the review of the Group's risk management and internal control systems whereby the Board had delegated such responsibility to Audit Committee. In addition, the Audit Committee had been delegated the responsibility to perform corporate governance duties and sustainable development duties.

    • Nomination Committee

      The Nomination Committee of the Company was established in 2012. The Nomination Committee comprises one executive director and two independent non-executive directors. The Nomination Committee members performed their duties within written terms of reference formulated by the Company in accordance with the requirements of the Listing Rules from time to time.

      The Nomination Committee is mainly responsible of formulating policy and making recommendations to the Board on nominations, appointment and re-appointment of directors and board succession.

    • Remuneration Committee

      The Remuneration Committee of the Company was established in 2008. The Remuneration Committee currently comprises two independent non-executive directors. The Remuneration Committee members performed their duties within written terms of reference formulated by the Company in accordance with the requirements of the Listing Rules.

      The Remuneration Committee is mainly responsible of developing remuneration policies and in overseeing remuneration packages of the directors whether the emoluments offered are appropriate to the duties and performance of the respective individuals concerned.

    • List of Directors and their Roles and Functions

      Procedures for Shareholders to Propose a Person for Election as a Director

      Memorandum of Association and Bye-laws

      More details in relation to the Group's principal corporate governance practices can be found in our latest Corporate Governance Report 2020.

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