Vtech 2012 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2012 Vtech annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

Shareholders
VTech seeks to enhance relations with
shareholders and investors through active
engagement, to ensure a full understanding
of our efforts to enhance shareholder value
and manage risk.
Shareholder Value
We aim to enhance shareholder value
over the long term in a number of ways,
particularly through:
• Strengtheningthecompetitivenessof
the Group’s operations
• Continuouseffortstoachieve
sustainable growth in shareholder
returns and returns on investment
• Ensuringtimely,accurate,
comprehensive and non-selective
disclosure of the Group’s financial
information and operating
performance
Share Performance and
Dividend
In the financial year 2012, the highest
closing share price was HK$99.55 (on 30
March 2012) while the lowest closing price
was HK$63.75 (on 4 October 2011).
The Group’s dividend payout ratio is linked
to its operating earnings performance,
financial position and future investment
opportunities. The dividend payout ratio in
the financial year 2012 amounted to 98.8%
of the profit attributable to shareholders
of the Company, against 96.2% in the
previous financial year.
Corporate Governance
VTech is committed to good corporate
governance, which we recognise as crucial
in helping us to deliver our strategy,
generate shareholder value and safeguard
our shareholders’ long-term interests.
To ensure sound corporate oversight,
the majority of the Board is independent
non-executive directors. The Board
has established an Audit Committee, a
Nomination Committee, a Remuneration
Committee and a Risk Management
Committee with defined terms of
reference.
The Company has a Code of Conduct
which employees are required to abide by
and a Whistleblower Policy to facilitate the
raising of concerns by employees.
Investor Communications
VTech’s investor relations programme
keeps investors abreast of the Group’s
latest developments and we welcome
suggestions.
During the financial year, we held meetings
with investors, organised site visits to
our facilities in mainland China and
participated in investor conferences. We
also held roadshows in Singapore, Hong
Kong and the UK.
Key financial announcements are webcast,
accompanied by the detailed slide
presentations and other important financial
information. Up-to-date information on
the Group’s developments, financial data
and stock information can be found at the
corporate website www.vtech.com. All key
information is available electronically.
27
VTech Holdings Ltd Annual Report 2012