We were delighted that the Board of Leo Paper Group was honored with the Directors of The Year Awards 2018 (Category: Non-listed Companies - Boards) at the presentation ceremony held at the Hong Kong Convention and Exhibition Center on November 29, 2018. This accolade is presented annually by The Hong Kong Institute of Directors, to honor outstanding performances in corporate governance. Our Group is the only private company to garner this award since 2002. We are honored by this recognition of our business development strategies and corporate governance philosophy over the years.
This award was first launched in 2001 as the first of its kind organized in Asia. The Directors of The Year Awards are organized annually by the Hong Kong Institute of Directors and co-organized by the Financial Services and the Treasury Bureau of HKSAR Government, Securities and Futures Commission, and Hong Kong Exchanges and Clearing Limited. The winning companies are selected based on strict and comprehensive criteria, including board composition and competencies of directors, effectiveness in strategic corporate business functions, compliance and accountability, risk and succession management, business ethics, and other criteria.
The Board of Directors of Leo Paper Group continually demonstrates a sense of good corporate governance. The judging panel praised the Board of the Group for excellent management skills, experience and perspective. These strengths have enabled us to lead all employees to uphold the same corporate values, continuing our initiatives in investing resources in environmental protection and fulfilling social responsibility, as well as proactively acting in accordance with the listing rules to realize high standards and transparent governance.
The Group’s success is also due to our staff upholding the same values and commitment to attaining the same goals. This award not only acknowledges our dedication, hard work and achievements over the years, but also serves as inspiration for Leo to strive to stay at the forefront of corporate governance.