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AMTD Group Inc. Announces the Adoption of a Completely Independent and Non-Executive Board Structure and an Innovative CEO Rotation System Across the Group
AMTD Group Inc. announced the adoption of a unique CEO rotation system, where CEOs of operating companies will be appointed by the Executive Management Committee on a rotational basis. This approach aims to foster shared leadership, diversity, and continuous grooming of next-level leaders. The rotating CEOs every six months will bring different perspectives, values, and enhance decision-making processes, aligning with the company's mission of shared values and sustainable interest.
AMTD Group Inc. ha annunciato l'adozione di un sistema di rotazione unico per i CEO, dove i CEO delle società operative saranno nominati dal Comitato di Gestione Esecutiva su base rotativa. Questo approccio mira a promuovere una leadership condivisa, la diversità e la formazione continua di leader di livello successivo. La rotazione dei CEO ogni sei mesi porterà prospettive diverse, nuovi valori e migliorerà i processi decisionali, in linea con la missione aziendale di valori condivisi e interesse sostenibile.
AMTD Group Inc. anunció la adopción de un sistema de rotación de CEO único, donde los CEOs de las empresas operativas serán nombrados por el Comité de Gestión Ejecutiva de manera rotativa. Este enfoque busca fomentar un liderazgo compartido, la diversidad y el desarrollo continuo de líderes del próximo nivel. Los CEOs rotativos cada seis meses aportarán distintas perspectivas, valores y mejorarán los procesos de toma de decisiones, alineándose con la misión de la compañía de valores compartidos e interés sostenible.
AMTD Group Inc.는 운영 회사의 CEO를 회전시켜 임명하는 독특한 CEO 회전 제도를 채택했다고 발표했습니다. 이러한 접근 방식은 공유된 리더십, 다양성 및 차세대 리더의 지속적인 양성을 촉진하기 위한 것입니다. 6개월마다 회전하는 CEO는 다양한 관점과 가치를 제공하고 의사결정 과정을 강화하여 회사의 공유 가치와 지속 가능한 이익의 사명에 부합합니다.
AMTD Group Inc. a annoncé l'adoption d'un système unique de rotation des CEO, où les CEO des entreprises opérationnelles seront nommés par le Comité de gestion exécutive sur une base rotationnelle. Cette approche vise à favoriser un leadership partagé, la diversité et la formation continue des leaders de niveau supérieur. Les CEO tournants tous les six mois apporteront différentes perspectives, valeurs et amélioreront les processus décisionnels, en accord avec la mission de l'entreprise de valeurs partagées et d'intérêt durable.
AMTD Group Inc. hat die Einführung eines einzigartigen CEO-Rotationssystems bekanntgegeben, bei dem die CEOs der operativen Unternehmen von dem Exekutivmanagementausschuss auf einer Rotationsbasis ernannt werden. Dieser Ansatz zielt darauf ab, geteilte Führung, Vielfalt und die kontinuierliche Entwicklung von Führungskräften der nächsten Ebene zu fördern. Die alle sechs Monate wechselnden CEOs bringen verschiedene Perspektiven und Werte ein und verbessern die Entscheidungsprozesse, im Einklang mit der Unternehmensmission von geteilten Werten und nachhaltigem Interesse.
Positive
Unique CEO rotation system fostering shared leadership and diversity.
Continuous grooming of next-level leaders.
Enhanced decision-making processes through diverse perspectives.
Alignment with the company's mission of shared values and sustainable interest.
Negative
None.
PARIS & NEW YORK & SINGAPORE--(BUSINESS WIRE)--
AMTD Group Inc. (“AMTD Group”), the controlling shareholder of AMTD IDEA Group (NYSE: AMTD; SGX: HKB) (“AMTD IDEA”) and AMTD Digital Inc. (NYSE: HKD) (“AMTD Digital”) today announced the introduction and adoption of an innovative system through which the CEOs of all of its operating companies and key subsidiaries, including AMTD IDEA and AMTD Digital, will be appointed by the Executive Management Committee (“EMC”) of the applicable entities on a rotational basis. This philosophy of shared leadership is reflected in the new feature which forms the core foundation of the rotating CEO mechanism. Under the new rotation program, no single individual would be appointed as the sole leader of an entity for an extended period, and a campaign of “everyone can be a hero” will be rolled out across the group to encourage and promote the next leaders of the companies. Through this rotation program, AMTD Group will maximize the values from the collective wisdom and stepped-up efforts to groom and nurture the next-level leaders.
By rotating the CEOs every six months, the group will be led by different personalities, which will create a much more diverse workplace where different common principles and perspectives will be consistently communicated and implemented. Due to the shared decision-making process and the grooming process to cultivate the next-level leadership, the long-term and sustainable interest of AMTD will be best served. Shared Values as the core mission of AMTD and key shareholders’ beliefs and practices will be implemented through the new structure and organization leadership.
Dr. Feridun Hamdullahpur, the independent chairman of AMTD IDEA commented, “The entire AMTD organization is built upon innovative thinking. We don’t just talk about it; we practise it all the time. We have evolved and matured by understanding the changing world a bit better and defying the status quo. The rotating CEO program is born out of such thinking, and I believe will bring renewed energy and inspiration for the long-term sustainability and growth of the group. We would not be where we are without their great work, dedication, and commitment. We will continue counting on the new leadership program to move us steadily forward and grow our impact gradually and concretely over time.”
About AMTD Group
AMTD Group is a conglomerate with core business portfolio to span across financial services, digital solutions, media and entertainment, education and training, and premium assets.
About AMTD IDEA Group
AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients’ diverse and inter-connected business needs and digital requirements across all phases of their life cycles as well as hospitality and VIP services. Through our unique eco-system – the "AMTD SpiderNet" - AMTD IDEA Group is uniquely positioned as an active superconnector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as “Twitter") at @AMTDGroup.
About AMTD Digital Inc.
AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates four main business lines including digital solutions services, digital media, content and marketing services, digital investments as well as hospitality and VIP services. It is the fusion reactor at the core of the AMTD SpiderNet ecosystem and empowers and integrates the various digital businesses within its ecosystem. For AMTD Digital’s announcements, please visit https://ir.amtdigital.net/investor-news.
Safe Harbor Statement
This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward- looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and AMTD Digital Inc., are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group and AMTD Digital Inc. with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group and AMTD Digital Inc. do not undertake any obligation to update any forward-looking statement, except as required under applicable law.
What did AMTD Group Inc. announce regarding its board structure and CEO rotation system?
AMTD Group Inc. announced the adoption of a unique system where CEOs of operating companies will be appointed on a rotational basis by the Executive Management Committee.
What is the aim of the rotating CEO program introduced by AMTD Group?
The rotating CEO program aims to foster shared leadership, diversity, and continuous grooming of next-level leaders within the organization.
How often will the CEOs be rotated under the new program at AMTD Group?
CEOs will be rotated every six months to bring different perspectives and values to the leadership roles.
What core mission of AMTD will be implemented through the new CEO rotation system?
The core mission of shared values and sustainable interest of AMTD will be implemented through the new CEO rotation system.
Who commented on the introduction of the rotating CEO program at AMTD Group?
Dr. Feridun Hamdullahpur, the independent chairman of AMTD IDEA, commented on the introduction of the rotating CEO program at AMTD Group.
AMTD IDEA Group American Depositary Shares, each representing six (6)
