Sands China on Friday announced the establishment of an Environmental, Social, and Governance Committee.
Ms. Chiang Yun, an Independent Non-Executive Director of the Company, is appointed as the Chairman of the ESG Committee and Dr. Wong Ying Wai, an Executive Director of the Company, and Mr. Kenneth Patrick Chung, an Independent Non-Executive Director of the Company, are appointed as members of the ESG Committee, all with effect from April 16, 2021.
An ESG Committee of a company is typically there to consider the material environmental, social, and governance issues relevant to the group’s business activities and is there to work with other board committees to assist the board in fulfilling its responsibilities.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.