The Group has set up an audit committee composed of independent non-executive directors to improve the internal monitoring and reporting mechanism, and a remuneration committee (mostly composed of independent non-executive directors) to formulate and review the remuneration system to ensure the protection of shareholders' interests.
In order to maintain transparency, the Group will also explain the company information to shareholders as soon as possible. On Luk Fook's website, in addition to financial information such as annual report and interim performance report, the performance announcement will also be broadcast online, so that shareholders can grasp the first-hand information and improve the transparency of the company.
In 2005, Lukfook Group was listed in Forbes, an internationally renowned magazine, and was selected as one of the 200 best listed institutions in the Asia-Pacific region. Among the 22 Hong Kong enterprises selected, Luk Fook Group is the only jewelry retailer in Hong Kong that has won this honor, which affirms its transcendental position in the jewelry industry in Hong Kong and proves that its corporate governance has reached the international level. According to Forbes' evaluation criteria, besides requiring an enterprise to earn an average return of not less than 5% of shareholders' funds in the past five years, it should also have a continuous increase in turnover and profits. This election can show the strength of Liu Fu.