WELCOME!
We are happy to have you join us. We take great pride in our company, China Adnet Enterpises, Inc., and are always glad to welcome new shareholders.
China Adnet Enterprises, Inc. is committed to operating within the highest standards of integrity and honesty, and in accordance with the law. We strongly believe that good corporate governance is critical and will lead to achieving long-term benefits for our shareholders.
The Board of Directors of China Adnet Enterprises, Inc. maintains three operating committees: the Audit Committee, Compensation Committee, and the Corporate Governance Committee. In addition, we also enforce a Code of Conduct & Ethics that provides an operating framework for maintaining standards, practices and ethics for all of our officers, directors, and employees.
We believe that our Board of Directors and committees, led by a group of strong and independent directors, shall provide the necessary leadership, guidance, wisdom, and experience that China Adnet Enterprises, Inc. needs in making sound business decisions and fulfilling their responsibilities to our shareholders. To this end, it is the policy of our Board of Directors that the majority of its members be independent. Currently, our directors meet the standards for independence as defined by applicable law and the rules of the NASDAQ/AMEX Stock Markets.
Corporate Governance/Committees
Ethics, integrity, honesty and respect: these are the values that anchor the corporate governance practices at China Adnet Enterprises, Inc.
The stewardship of the Company is the responsibility of the Board of Directors and the Committees of the Board and is further supported by a number of management committees, including a Disclosure Committee. The Corporate Governance Committee of the Board is specifically committed to the continuing review, development and improvement of best corporate governance practices which our Board and management believe are the cornerstones of investor trust and shareholder value.
We will continue to review and enhance our corporate governance practices while carefully monitoring the evolution of best corporate governance practices in the United States.
In keeping up-to-date with these changes in the corporate regulatory environment as well as in response to the voices of our shareholders expressed through various industry associations and groups, we have updated our systems during the past year as outlined below:
- The Charters for each of the Audit Committee, Corporate Governance Committee, and the Board of Directors as well as Terms of Reference for the Board Chair, Committee Chairs, individual directors and the CEO have all been revised and enhanced to ensure that they are completely responsive to all of the requirements of the NASDAQ as well as the AMEX rules and listing standards, and continue to exemplify best corporate governance practices in the United States.
- We have adopted a revised Code of Conduct & Ethics for directors, officers and employees that are specifically responsive to the new AMEX listing standards and incorporate the provisions of our previous Code of Ethics for Senior Officers and our Code of Conduct for Directors.
- We have implemented specific whistleblower procedures to facilitate the confidential, anonymous reporting by employees of any concerns or complaints regarding accounting, internal accounting controls and auditing matters;
- We have continued our practice of retaining an outside corporate governance consultant to assist us in conducting Board, committee and Chair evaluations and we rely upon that corporate governance expert ' s feedback for an assessment of the performance of the Board, the committees, the Chair and individual directors;
- We have adopted share ownership guidelines for our senior executives.
We also have a management committee called the Disclosure Committee, which consists of certain members of Senior Management who are responsible to consider the materiality of information and ensure compliance with disclosure obligations on a timely basis.
Our Board and management are committed to corporate governance practices of the highest standards and integrity, and will continue to be vigilant and develop our corporate governance practices to ensure that they meet or exceed the requirements and recommendations of regulatory authorities, institutional shareholders and interested stakeholders.