Annual Report 2020

China Merchants China Direct Investments Limited Annual Report 2020 53 CORPORATE GOVERNANCE REPORT (CONTINUED) BOARD OF DIRECTORS (CONTINUED ) The Board is responsible for formulating the Company’s overall investment strategy and guidelines that the Investment Manager shall follow to make the investments. The Board is also responsible for performing the following corporate governance duties as required under the Code: ‧ developing and reviewing the Company’s policies and practices on corporate governance; ‧ reviewing and monitoring the training and continuous professional development (“ CPD ”) of the Directors and senior management; ‧ reviewing and monitoring the Company’s policies and practices on compliance with legal and regulatory requirements; ‧ developing, reviewing and monitoring the code of conduct and compliance manual (if any) applicable to the employees and Directors; and ‧ reviewing the Company’s compliance with the Code and disclosure in the corporate governance report. During the year under review, the Board had performed the above duties. For the regular Board meetings, at least 14 days’ notice is given for all Directors to attend. Directors are also consulted to include matters in the agenda for every Board meeting. The Board held two regular meetings during the year under review. The attendance of each of the Directors and Alternate Director is as follows: Attendance/ number of regular meetings during the Director’s term of office in 2020 Mr. ZHANG Jian * (Chairman) 2/2 Mr. ZHANG Rizhong* 2/2 Mr. WANG Xiaoding # 2/2 Mr. TSE Yue Kit # 2/2 Ms. KAN Ka Yee, Elizabeth # 2/2 Mr. CHU Lap Lik, Victor (alternate to Ms. KAN Ka Yee, Elizabeth # ) 1/2 Mr. KE Shifeng* 2/2 Mr. LIU Baojie** 2/2 Mr. TSANG Wah Kwong** 2/2 Dr. LI Fang** 2/2 Dr. GONG Shaolin ** (appointed on 11 September 2020) 0/0 # Executive Directors * Non-executive Directors ** Independent Non-executive Directors