ANNUAL%20REPORT%202015%20eng

Corporate Governance Report
Continuous Professional Development of Directors
The existing Directors are continually kept up-to-date with the legal and regulatory developments, and business
and market changes to facilitate the discharge of their responsibilities.
Newly appointed Director will receive formal, comprehensive and tailored induction on the first occasion of
his/her appointment to ensure appropriate understanding of the business and operations of the Company
and full awareness of director’s responsibilities and obligations under the Listing Rules and relevant statutory
requirements. Such induction shall be supplemented by visits to the Company’s key plant sites and meetings with
senior management of the Company.
Directors are encouraged to participate in appropriate continuous professional development to develop and
refresh their knowledge and skills to ensure that their contribution to the Board remains informed and relevant.
Internally-facilitated briefings for Directors will be arranged and reading material on relevant topics will be issued
to Directors where appropriate. All Directors are encouraged to attend relevant training courses at the Company’s
expenses.
During the year ended 31 December 2015, the Company provided to all Directors training materials prepared
by qualified professionals for the Directors and links to video released by the Stock Exchange on topics such as
Updates on the New CG Code on Internal Controls and the New ESG Reporting Guide; Review of Listing Rules
on Disclosure of Financial Information; Integrity Management and Corruption Prevention, Listing Enforcement
Strategies: Current Themes and Case Studies; Listing Compliance Update. Directors (including outgoing directors)
namely Mr. Odjargal Jambaljamts, Dr. Battsengel Gotov, Dr. Oyungerel Janchiv, Mr. Batsaikhan Purev, Mr. Od
Jambaljamts, Mr. Gankhuyag Adilbish, Mr. Ochirbat Punsalmaa, Mr. Unenbat Jigjid and Mr. Chan Tze Ching,
Ignatius have read the relevant training materials. The Company also organised an internal induction session for
and provided training materials provided by qualified professionals to Dr. Khashchuluun Chuluundorj on topics
such as Continuing Obligations of the Company and its Directors, Connection Transactions and Company’s
Operations and Business.
Mr. Unenbat Jigjid attended a training session on Economic Policy in Mongolia as Resource Rich Country
conducted by the Japan International Cooperation Agency, and Mr. Ochirbat Punsalmaa attended training
sessions including Coal Mongolia, International Coal Investors Conference; and Mongolia Mining 2015,
International Mining and Oil Expo conducted by various authorities and qualified professionals last year. Mr. Chan
Tze Ching, Ignatius also attended various training sessions including Economic & Market Outlook 2015, Asian
Financial Forum; HKEX Board Offsite 2015: HKEX – Where to Next?; Global Risk Report 2015: A Perspective;
Shadow Banking in China Event; The political and economic climate in the Mainland China and Hong Kong
after the 2015 National People’s Congress (NPC) & the Chinese People’s Political Consultative Conference
(CPPCC) by Mr. Lau Yui-siu 2015; China’s Financial Future; Occupying the Excess “Danger”, “Opportunities”
about the Future Discussion Forum; RMB Fixed Income and Currency (FIC) Conference; Non-Executive Director
Programme: Corporate Governance Code update – Is your board ready to respond?; HKEX Board Offsite 2015:
Group Strategic Plan 2016-18: “Extending the Mutual Market”; Hong Kong Directors Forum – the Peer-to-Peer
Network: The Board’s Role in Strategy and Facilities; International Seminar on University Social Responsibility
cum Inauguration Ceremony of the University Social Responsibility Network; Multilaw Annual Conference; Tricor
Seminar 2015 – Corporate Governance and Regulatory Updates: Panel Discussion; The 32nd ABA General
Meeting and Conference in Taipei; and Hong Kong Economic Summit 2016 conducted by various authorities and
qualified professionals last year.
In addition, relevant reading materials including legal and regulatory update and seminar handouts have been
provided to the Directors for their reference and studying.
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Annual Report 2015