The Boards of HK Electric Investments Manager Limited and HK Electric Investments Limited, each of which led by the Chairman and comprising the same individuals, are collectively responsible for approval and monitoring of strategies and policies, approval of annual budgets and business plans, evaluation of the performance, and oversight of the management. Currently, six members of the Boards are Independent Non-executive Directors whom the Boards are satisfied do not have any material relationship with the Trust Group.
The approach and procedures for nomination and selection of Directors are set out in the Director Nomination Policy. The Boards have also adopted a Board Diversity Policy in recognition of the benefits of Boards that possess a balance of skill set, experience, expertise and diversity of perspectives appropriate for the strategies of the Trust Group, taking into consideration the benefits of various aspects of diversity, including gender, age, ethnicity, cultural and education background, professional experience and qualifications and other factors that may be relevant from time to time towards achieving diversified Boards.
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Executive Directors
FOK Kin Ning, Canning Chairman Appointed to the Boards of HK Electric Investments Manager Limited (the "Trustee-Manager") and HK Electric Investments Limited (the "Company"), and as the Chairman of the Boards since December 2013. He is also the Chairman of The Hongkong Electric Company, Limited ("HK Electric"), a wholly-owned subsidiary of the Company. Mr. Fok is the Chairman of Power Assets Holdings Limited ("Power Assets"). Mr. Fok is an Executive Director and Group Co-Managing Director of CK Hutchison Holdings Limited ("CK Hutchison") and the Deputy Chairman of CK Infrastructure Holdings Limited ("CKI"). Mr. Fok is the Chairman of Hutchison Telecommunications (Australia) Limited ("HTAL"), Hutchison Telecommunications Hong Kong Holdings Limited, Hutchison Port Holdings Management Pte. Limited ("HPHMPL") which is the trustee-manager of Hutchison Port Holdings Trust ("HPH Trust") and TPG Telecom Limited ("TPG Telecom"), a Director of Cenovus Energy Inc. ("Cenovus Energy"), and a Deputy President of the Board of Commissioners of PT Indosat Tbk. All the companies mentioned above, except the Trustee-Manager, HK Electric and HPHMPL, are listed companies, and HPH Trust is a listed business trust. Mr. Fok acts as a Director of certain substantial Holders of Share Stapled Units within the meaning of Part XV of the Securities and Futures Ordinance ("SFO") and a Director of certain companies controlled by certain substantial Holders of Share Stapled Units. Mr. Fok holds a Bachelor of Arts degree and a Diploma in Financial Management, and is a Fellow of Chartered Accountants Australia and New Zealand.
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WAN Chi Tin Chief Executive Officer Appointed to the Boards of the Trustee-Manager and the Company since their incorporation in September 2013 and as Chief Executive Officer of the Company since December 2013. Mr. Wan is also Managing Director of HK Electric and a Director of all of the subsidiaries of the Company. He has worked for the Power Assets Group and the Group since 1978, holding various positions including Group Managing Director and Director of Engineering (Planning & Development) of Power Assets, a listed company, and Chief Executive Officer of Powercor Australia Limited and CitiPower Pty., associate companies of the Power Assets Group in Australia. Mr. Wan acts as an Executive Director and a Director of the substantial Holders of Share Stapled Units for the purpose of Part XV of the SFO, namely Power Assets and Quickview Limited respectively. Mr. Wan holds a Bachelor of Science degree in Electrical Engineering and is also a Chartered Engineer. He is an Honorary Fellow of the Energy Institute, a Fellow of the Institution of Engineering and Technology, an Honorary Fellow of The Hong Kong Institution of Engineers and a Fellow of The Hong Kong Management Association. Mr. Wan was previously a member of the Audit Committee of The University of Hong Kong and Vice Chairman of the Engineers Registration Board of Hong Kong.
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CHAN Loi Shun Appointed to the Boards of the Trustee-Manager and the Company since their incorporation in September 2013. Mr. Chan is also a Director of all the subsidiaries of the Company including HK Electric. He is an Executive Director and Chief Financial Officer of CKI and an Executive Director of Power Assets. Mr. Chan joined the CK Group in January 1992. All the companies mentioned above, except the Trustee-Manager and HK Electric, are listed companies. Mr. Chan acts as a Director of a number of substantial Holders of Share Stapled Units for the purpose of Part XV of the SFO, namely CKI, Power Assets and Quickview Limited. Mr. Chan is a fellow of the Hong Kong Institute of Certified Public Accountants ("HKICPA"), a fellow of the Association of Chartered Certified Accountants and also a member of the Institute of Certified Management Accountants (Australia).
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CHENG Cho Ying, Francis Appointed to the Boards of the Trustee-Manager and the Company in December 2013. Mr. Cheng is also a Director of HK Electric and serves as its Operations Director. Mr. Cheng has worked for the Group since 1979. He holds a Bachelor's degree in Chemistry and is a Fellow of the Royal Society of Chemistry in the United Kingdom. He is also a Fellow of The Hong Kong Institution of Engineers.
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WANG Yuanhang Appointed to the Boards of the Trustee-Manager and the Company in July 2022. Mr. Wang is also a Director of HK Electric. He is a Director of State Grid International Development Limited. He previously served as Director of the Development and Strategy Department of State Grid Brazil Holding S.A., Director of Department of Overseas Operations (Operation Monitoring Center) of State Grid International Development Co., Limited and Director of Independent Power Transmission Operator S.A. in Greece. State Grid International Development Limited and State Grid International Development Co., Limited are substantial Holders of Share Stapled Units for the purpose of Part XV of the SFO. Mr. Wang holds a Bachelor Degree in Relay Protection and Automatic Telecontrol Technology from North China Electric Power University and a Master Degree in Business Administration from Shanxi University. He is also a Chartered Engineer registered by the Engineering Council in the United Kingdom.
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