|In addition to the creation of shareholder value and management of risk, VTech seeks to enhance relations with shareholders and investors through active engagement.|
|We aim to enhance shareholder value over the long term in a number of ways, including:
|Share Performance and Dividend|
In the financial year 2011, the highest closing share price was HK$94.90 (on 13 January 2011) and lowest closing price was HK$69.05 (on 25 May 2010).
The Group’s dividend payout ratio is linked to its operating earnings performance, financial position and future investment opportunities. The payout ratio in the financial year 2011 amounted to 95.8% of the profit attributable to shareholders of the Company, against 93.7% in the previous financial year.
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 Directors on the Board are independent non-executive directors. The Board has established an Audit Committee, a Remuneration Committee, a Nomination 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.
VTech’s investor relations program 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, Japan 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.