Annual Report 2020

097 Report of the Directors Miramar Hotel and Investment Company, Limited Annual Report 2020 Borrowing Cost Capitalisation No borrowing cost was capitalised by the Company and its subsidiaries during the year ended 31 December 2020 (2019: HK$Nil). Public Float As at the date of this report, the Company has maintained the prescribed public float under the Listing Rules, based on the information that is publicly available to the Company and within the knowledge of the directors. Group’s Five-Year Financial Summary A summary of the results and of the assets and liabilities of the Group for the last five financial years is set out on page 176. Group Properties Particulars of the major properties and property interests of the Group are shown on pages 177 to 178. Employees As at 31 December 2020, the Group had a total of about 1,241 full-time employees, including 1,218 employed in Hong Kong and 23 employed in The People’s Republic of China. The Group is the “Equal Opportunity Employer”; we value dedication and respect, and work hard to instill a sense of unity, ownership and professionalism for all of our employees that supports the achievement of the Group’s Mission, Vision and Business Strategies. It is the policy of the Group to remunerate employees in a fair and equitable manner. The Group develops a performance-driven culture and adopts Total Rewards Management for talent attraction, employee recognition and retention. The Group reviews its Remuneration and Benefits Program on a regular basis to ensure the programme is in compliance with the latest laws, in line with market practice and keeps up with market conditions and levels of remuneration. Training and Development The Group regards Employees as our most precious asset. We commit ourselves to providing a continuous learning environment and opportunities to our Employees at all levels to help them grow and excel in productivity. The Group strives to continuously develop a comprehensive Learning and Development Road Map including the provision of in-house and external training programmes such as Management/Supervisory Skills, Business Knowledge, Technical Skills, Customer Services Skills, Language Ability, People Management and Personal Effectiveness, etc. for employees at all levels to advance their career achievements within the Group. Subsequent to continued deployment of resources towards employee training and development, the Group has been awarded “Manpower Developer” by the Employees Retraining Board every year since 2011, in recognition of the Group’s outstanding achievements in fostering an organisational culture conducive to manpower training and development as well as life-long learning.