The announcement was made on a filing to the Hong Kong Stock Exchange also on Monday.
China.- Simon Meng has been named as the new independent non-executive director of MGM China. Also, he was announced as a member of the Audit Committee, the Nomination and Corporate Governance Committee, and the Remuneration Committee of the company.
The announcement was made on a filing to the Hong Kong Stock Exchange also on Monday. The new director, 61, did a BA degree in law from Beijing University and has Masters’ degrees in both public law and business law. He also holds a PhD in law from Bordeaux University in France and an LLM degree from New York University School of Law.
Meng is recognized of being one of the best in China in terms of cross-border transactions. He has significant experience in project development relating to energy, real estate, and urban transportation sectors in China and has advised numerous Chinese and multinational corporations.
MGM China stated that Mr Meng entered into a letter of appointment with the company for a term of three years. He will be entitled to an annual director’s fee of US$90,000.
With the new director, the MGM China Committee includes five executive directors, including James Murren, Pansy Ho, Chen Yau Wong, Bill Hornbuckle, and Grant Bowie. Kenneth Feng, James Freeman, and John McManus, as non-executive directors and Zhe Sun, Patricia Lam, Russell Banham, and new Simon Meng as independent non-executive directors.