Annual Report 2020

China Merchants China Direct Investments Limited Annual Report 2020 58 CORPORATE GOVERNANCE REPORT (CONTINUED) BOARD DIVERSITY POLICY The Company has a board diversity policy (the “ Policy ”) since August 2013. A summary of the Policy, together with the measurable objectives set for implementing the Policy, and the progress made towards achieving those objectives are disclosed as below. Summary of the Policy The Company sees increasing diversity at the Board level as an essential element in supporting the attainment of its strategic objectives and its sustainable development. In designing the Board’s composition, the Board diversity has been considered from a number of aspects, including but not limited to gender, age, cultural and educational background, ethnicity, professional experience, skills, knowledge and length of service. All Board appointments will be based on meritocracy, and candidates will be considered against objective criteria, having due regard for the benefits of diversity on the Board. Measurable Objectives Selection of candidates will be based on a range of diversity perspectives, including but not limited to gender, age, cultural and educational background, ethnicity, professional experience, skills, knowledge and length of service. The ultimate decision will be based on merit and contribution that the selected candidates will bring to the Board. Implementation As at 31 December 2020, the Board’s composition under major diversified perspectives was summarised as follows: 0 1 2 3 4 5 6 7 8 10 9 M F CH 50-59 60-69 0-5 6-10 >10 A Gender Ethnicity Age Group Year of Service Number of Directors M – Male F – Female CH – Chinese A – Australian