changes to the Board<\/a><\/em><\/strong> came after independent non-executive director Edward Chow Kwong Fai passed away over a month ago. He was also chairman of the Remuneration Committee and a member of the Audit Committee.<\/p>\n\n\n\nWith these replacements the board complies with regulations, which demand a minimum three independent non-executive directors representing at least one-third of the Board.<\/p>\n\n\n\n
Melco said Mr. Tsui\u2019s remuneration for acting as independent non-executive director would be of HK$200,000 (US$25,804) per annum; plus HK$100,000 (US$12,902) for serving on the Audit Committee and HK$40,000 (US$5,160) per annum for his role as chairman of the Remuneration Committee.<\/p>\n","protected":false},"excerpt":{"rendered":"
Frank Tsui Che Yin has been appointed as an independent non-executive director of the company.<\/p>\n","protected":false},"author":2,"featured_media":7784,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Melco International Development Limited has announced strategic adjustments to its board of directors, re-designating Frank Tsui Che Yin as an independent non-executive director and appointing him chairman of the Remuneration Committee. These changes, alongside Mr. Ng Ching Wo's appointment to the Audit Committee, ensure the company's adherence to mandated corporate governance frameworks regarding independent director representation, following a recent vacancy.","focusai_entities":"Melco International Development Limited, Frank Tsui Che Yin, Ng Ching Wo, Edward Chow Kwong Fai","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Governance Impact","query":"How do these specific board re-designations and committee appointments enhance Melco's overall corporate governance framework and mitigate potential regulatory compliance risks within its diverse gaming verticals?"},{"label":"Strategic Oversight","query":"Beyond immediate regulatory compliance, what strategic implications do these board changes have for Melco's long-term operational oversight, capital allocation decisions, and M&A strategy?"}],"footnotes":""},"categories":[157,16338,158],"tags":[12436,665],"class_list":["post-7779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-casinos","tag-melco"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7779"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7779\/revisions"}],"predecessor-version":[{"id":7816,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7779\/revisions\/7816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7784"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}