ESG Report 2022

In order to implement excellent corporate operations to management. All Directors receive governance, the Group's board of directors is regular updates on governance and regulatory responsible for setting the Group's goals, matters. Directors can also seek independent strategies and monitoring its performance. The professional advice in accordance with established board of directors will also make decisions on p r o c e d u r e s t o a s s i s t i n f u l f i l l i n g t h e i r agendas such as year-end and interim results, responsibilities. major transactions, director appointments, The Group has established committees responsible dividends and accounting policies, and will monitor for different areas, including the Remuneration internal control procedures for the Group's Committee, Audit Committee, Nomination operations. The board has delegated the Committee, and Risk Management Committee. responsibility and authority to oversee day-to-day 5.1 Corporate Governance Ensure there is a formal and transparent process for policies setting on directors' remuneration Comprises of 3 independent non-executive directors Reviews and monitors the Group's financial reporting system and internal control procedures Comprises of 3 independent non-executive directors Ensure fair and transparent procedures for the appointment, re-election and removal of directors Comprises of 3 independent non-executive directors Oversees and reviews the Group's risk management and internal control systems Comprises of 2 independent non-excutive directors and 2 executive directors The Group has always been striving to establish a regulations. We have entered into a statement of high-integrity and law-abiding corporate culture, integrity, and have relevant rules and regulations and holds a “zero tolerance” attitude towards illegal for practicing integrity. behaviors such as bribery, extortion, fraud and money laundering. We strictly comply with the We continue to conduct audits of all business Criminal Law of the People's Republic of China, the segments of the Group and have established Anti-unfair Competition Law of the People's corresponding audit departments for different Republic of China, Interim Provisions on Banning business segments. Commercial Bribery and other related laws and 5.2 Business Ethics 20 Environmental, Social and Governance Report 2022 The United Laboratories International Holdings Limited Nomination Committee Risk Management Committee Audit Committee Remuneration Committee