2006 - TCL Communication Technology Holdings Limited

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TCL COMMUNICATION TECHNOLOGY HOLDINGS LIMITED Corporate Governance Report The Executive Committee is responsible for implementing the objectives and strategic plans as approved by the Board and overseeing the day-to-day operations of the Group. Normally, the Executive Committee meets once a month, and may convene additional meetings when necessary to handle urgent matters. ACCOUNTABILITY AND AUDIT (1) Financial Reporting The Board is responsible for the integrity of financial information. The directors acknowledge their responsibility for the preparation of the accounts for each financial period which give a true and fair view of the state of affairs of the Group and of the results and cash flows for that period. The directors, having made appropriate enquiries, consider that the Group has adequate resources to continue in operational existence for the foreseeable future and that, for this reason, it is appropriate to adopt the going concern basis in preparing the financial statements. (2) Internal Controls Each year, the Audit Committee of the Company reviews the findings made by the external auditors in respect of issues encountered by them in preparation of the audit report, which often cover issues relating to internal control. The Audit Committee also reviews the internal control report submitted by the Company’s internal audit department. The Audit Committee will then review the actions performed or the plans to be carried out by the management in addressing the issues. The issues identified and the corresponding remedial plans and recommendations are then submitted to the Board for consideration. For the year of 2006, no critical internal control issues have been identified and efforts are being made in implementing changes to resolve the identified issues. INVESTOR RELATIONS All published information, including all the statutory announcements, press releases and event calendars, is promptly posted on the Company’s website at www.tclcom.com. Viewers can also send enquiries to the Board or senior management by email at ir@tclcom.com or directly by raising questions at the general meetings of the Company. 32 Annual Report 2006
TCL COMMUNICATION TECHNOLOGY HOLDINGS LIMITED Human Resources and Social Responsibility HUMAN RESOURCES The Company has high regards for its employees and considers them as part of its most valuable assets. It is committed to cultivating a working environment that encourages communication, team building and sense of belonging. As at 31 December 2006, the Company had a total of 3,690 employees. The Group offers comprehensive labor and social insurance schemes as well as competitive remuneration packages to employees on an equal and fair basis. The Company also places great emphasis on upgrading employees’ professional skills and establishing a learning organization, offering room for individual staff’s personal growth. In 2006, the Company introduced a number of innovative methods to add value to its human resources. These included inviting well known training organizations from Taiwan, Hong Kong and China as well as making full use of its in-house trainers to offer a wide range of staff training programmes, which cover R&D, manufacturing, supply chain, sales and marketing, human resources, finance, English language and team development. All in all, during the year under review, the Company’s employees received, on average, 65 hours of training and achieved an overall passing rate of 92%. Not only did these training sharpened the middle and top management’s leadership and management skills, they also offered general staff at working level an opportunity to advance their skills at work. SOCIAL RESPONSIBILITY Society is the base of an enterprise. As a responsible corporate citizen, the Company is committed to shouldering its responsibilities. As such, the Company abides by high moral standards and is dedicated to improving the business environment by promoting environmental protection and energy saving. It has actively participated in charity work. As one of the key members of the TCL Group, we have actively supported the Group’s charitable work. Since 1996, TCL Group has donated in aggregate of RMB73.4 million in cash and supplies over the years. To date, 38 Project Hope Schools have been completed and are now in operation, with an additional of 18 under construction. In addition, TCL Corporation has established various TCL Scholarships in different universities in China to support poor students in furthering their education. It has also donated TVs to help the poor in developing regions, and, particularly, donations were made after the occurrence of natural disasters like flooding and tsunamis, we see it as our obligation to always provide help and hope to people in need. Annual Report 2006 33
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2006 - TCL Communication Technology Holdings Limited

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