Hong Kong, Dec 8, 2009 - (ACN Newswire) - UC RUSAL, the world's largest aluminium producer, is pleased to announce the appointment of Ms Elsie Leung Oi-Sie, GBM, JP and Mr Barry Cheung Chun-Yuen, JP as independent non-executive directors to its Board of Directors.
Ms Elsie Leung Oi-Sie,GBM, JP, was formerly Secretary for Justice and a member of the Executive Council of the Hong Kong Special Administrative Region (HKSAR) Government. She has been the Deputy Director of the Basic Law Committee of The HKSAR of the Standing Committee of the National People's Congress of The People's Republic of China since 2006.
Mr Barry Cheung Chun-Yuen, JP, is the Chairman of Hong Kong Mercantile Exchange, Chairman of the Board of Hong Kong's Urban Renewal Authority, Chairman of the StandingCommittee on Disciplined Services Salaries and Conditions of Service, an Alternate Chairman of the Pay Trend Survey Committee, a member of the Commission on Strategic Development and a member of the Standing Commission on Civil Service Salaries and Conditions of Service.
The appointment of Ms Elsie Leung and Mr Barry Cheung will broaden the professional experience of the Board as well as further enhance the company's corporate governance. Over the years RUSAL has taken major steps to createan effective corporate governance system in line with international best practice. The company has seven committees under the Board of Directors. In 2005, RUSAL adopted a Code of Ethics establishing standards of ethical behaviour to govern relations within the company and with customers, business associates, suppliers, state authorities, the community and competitors. It also serves as a tool to develop a corporate culture based on the highest ethical standards.
Mr Oleg Deripaska, CEO ofUC RUSAL said, "Given UC RUSAL's long-term strategic interest in China and the wider Asian region, we have been looking for directors who have direct experience in these markets to give us advice and Ms Leung and Mr Cheung are ideal choices for the Board. They have extensive and diverse experience in the region. Ms Leung has a strong legal background and Mr Cheung is an expert and pioneer in the Asian commodities and trading community. Their expertise will be of great value to the UC RUSAL Board in helping the Group uphold the highest corporate governance standards and grow its business. We also believe that their decision to join the Board is a strong vote of confidence in the company."
Ms Elsie Leung said: "I look forward to contributing my knowledge and experience to further reinforce the competitive position of RUSAL as a global aluminium leader with a strong focus on the Asian market."
Mr Barry Cheung said: "I am delighted to join the international team of RUSAL's Boardand pleased to be of service to the global industry leader with my expertise in international and regional business practices."
The appointment of Ms Elsie Leung is already effective, and Mr Barry Cheung will join the Board of RUSAL immediately prior to the listing.
Ms Elsie Leung Oi-Sie, GBM, JP
Ms Elsie Leung Oi-Sie, GBM, JP, has substantial legal experience and profound knowledge of Asian market practices. She was formerly Secretary for Justice and a member of the Executive Councilof the Hong Kong Special Administrative Region (HKSAR) Government. She received the Grand Bauhinia Medal from the HKSAR Government in 2002.
Ms Leung qualified as a solicitor and started practice in 1968. She obtained her LLM degree from the University of Hong Kong in 1988. Prior to taking up office as Secretary for Justice in July 1997, she was a solicitor in private practice and had served on various government boards and committees, including the Social Welfare Advisory Committee, Independent Police Complaints Council and Inland Revenue Appeal Board. She was appointed a Hong Kong Delegate to the 8th National People's Congress between 1993 and 1997.
Before Hong Kong rejoined the mainland, Ms Leung was involved in preparatory work for the establishment of the HKSAR and provided legal advice to designated Chief Executive. She was Secretary for Justice of the HKSAR Government between 1997 and 2005, and is Deputy Director of the Basic Law Committee of The HKSAR of the StandingCommittee of the National People's Congress of The People's Republic of China since 2006.
Mr Barry Cheung Chun-Yuen, JP
Mr Barry Cheung Chun-Yuen, JP, is Chairman of Hong Kong Mercantile Exchange. He is currently Chairman of the Board of HongKong's Urban Renewal Authority, Chairman of the Standing Committee on Disciplined Services Salaries and Conditions of Service, an Alternate Chairman of the Pay Trend Survey Committee, a member of the Commission on Strategic Development and a memberof the Standing Commission on Civil Service Salaries and Conditions of Service. He was also a former Chairman of the Corruption Prevention Advisory Committee of Hong Kong's Independent Commission Against Corruption.
From 1993 to 1994, Mr Cheung was a full-time member of the Hong Kong Government's Central Policy Unit on secondment from McKinsey & Company. He was with McKinsey & Company in Los Angeles and Hong Kong from 1987 to 1994, advising major financial institutions in the United Statesand Asia.
Mr Cheung received a Bachelor of Science degree with First Class Honours in Mathematics and Computer Science from the University of Sussex and an MBA from the Harvard Business School.
About UC RUSAL
United Company RUSAL (www.rusal.com) is the global leader in the aluminium industry, accounting for approximately 11% and 13% of global production of aluminium and alumina respectively. UC RUSAL employs more than 75,000 people in 19 countries, across 5 continents. UC RUSAL markets and sells its products primarily in the European, Japanese, Korean, South East Asian and North American markets.
Source: UC RUSAL
Contact:
Vera Kurochkina
+7 495 720 5170
Vera.Kurochkina@rusal.com
ACN Newswire
/ Print / Comments