Annual Report 2019

Corporate Governance Report 068 Annual Report 2019 Miramar Hotel and Investment Company, Limited Auditors’ Remuneration During the year ended 31 December 2019, the fees (before out-of-pocket expenses) paid/payable to the Company’s auditors, KPMG, for the provision of audit services and non-audit services are as follows: Remuneration HK$’000 Audit services 2,625 Non-audit services: Interim review 450 Other services 208 3,283 Model Code for Securities Transaction by Directors The Company has adopted the “Model Code for Securities Transactions by Directors of Listed Issuers” (the “Model Code”) as set out in Appendix 10 of the Listing Rules as the code for dealing in securities of the Company by the directors. Having made specific enquiries, the Company confirmed that all directors had complied with the required standards set out in the Model Code throughout the year ended 31 December 2019. Communication with Shareholders The Board has adopted a Shareholders Communication Policy reflecting mostly the current practices of the Company for communication with its shareholders. Such policy is to promote effective communication with shareholders of the Company and enable them to exercise their rights as shareholders in an informed manner and to furnish the investment community with equal and timely access to information about the Company. It will be updated in response to any subsequent changes in internal structure, regulatory and market developments. The Company has established a number of channels for maintaining an on-going dialogue with its shareholders as follows: (i) corporate communications such as annual reports, interim reports and circulars are issued in printed form and are available on the Stock Exchange’s website at www.hkex.com.hk and the Company’s website at www.miramar-group.com ; (ii) periodic announcements are made through the Stock Exchange and published on the respective websites of the Stock Exchange and the Company; (iii) corporate information is made available on the Company’s website and the Articles of Association of the Company is made available on the respective websites of the Stock Exchange and the Company; (iv) Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) provide a forum for the shareholders to make comments and exchange views with the Directors and senior management; and (v) the Company’s Share Registrar serves the shareholders in respect of share registration, dividend payment, change of shareholders’ particulars and related matters.