Governance

Kerry Logistics Network Limited (the “Company”, together with its subsidiaries, the “Group”) recognises and embraces the benefits of having a diverse Board to enhance the quality of its performance. The Board Diversity Policy aims to set out the approach to achieve diversity on the board of directors of the Company (the “Board”).

1. Purpose

1.1  This Policy aims to set out the approach to achieve diversity on the Board.

2. Vision

2.1  The Company recognises and embraces the benefits of having a diverse Board to enhance the quality of its performance, and the importance of being able to attract, retain and motivate employees from the widest possible pool of available talent.

3. Policy Statement

3.1  With a view to achieving a sustainable and balanced development, the Company sees increasing diversity at the Board level as an essential element in supporting the attainment of its strategic objectives and its sustainable development. In designing the Board’s composition, Board diversity has been considered from a number of aspects, including but not limited to gender, age, cultural and educational background, professional experience, skills, knowledge, management experience, ethnicity and length of service. All Board appointments will be based on meritocracy, and candidates will be considered against objective criteria, having due regard for the benefits of diversity on the Board and also the needs of the Board without focusing on a single diversity aspect.

4. Measurable Objectives

4.1  Selection of candidates will be based on a range of diversity perspectives, including but not limited to gender, age, cultural and educational background, professional experience, skills, knowledge, management experience, ethnicity and length of service. The ultimate decision will be based on merit and contribution that the selected candidates will bring to the Board. The Board’s composition (including gender, age, length of service) will be disclosed in the Corporate Governance Report annually.

5. Monitoring and Reporting

5.1  The Nomination Committee will report annually, in the Corporate Governance Report, on the Board’s composition under diversified perspectives, and monitor the implementation of this Policy. In addition, the Nomination Committee should assess the diversity profile of the Group’s senior management and their direct reports annually.  Recruitment and selection practices at all levels (from the Board downwards) should be appropriately structured so that a diverse range of candidates are considered.  The Board is mindful of implementing appropriate program(s) that will assist in the development of a broader and more diverse pool of skilled and experienced employees and that, in time, their skills will prepare them for senior management and Board positions.

5.2  The Nomination Committee will adhere to this Policy when making recommendation on any Board appointments.

6. Review of this Policy

6.1  The Nomination Committee will review this Policy, as appropriate, to ensure the effectiveness of this Policy. The Nomination Committee will discuss any revisions that may be required, and recommend any such revisions to the Board for consideration and approval.

7. Disclosure of this Policy

7.1  This Policy will be published on the Company’s website for public information.

7.2  A summary of this Policy together with the measurable objectives set for implementing this Policy, and the progress made towards achieving those objectives will be disclosed in the annual Corporate Governance Report.