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Shenzhen-based OmniaLuo enlarges its BoD
02 Feb '08
5 min read
Charles C. Mo, Independent Director:
Mr. Mo is an American certified public accountant (CPA), licensed to practice in the states of California and New Hampshire. He has over 30 years of experience in public and corporate accounting, finance, governance and operations.
He is the founder and general manager of Charles Mo & Co, an executive search firm. He previously served as COO and CFO of Coca-Cola Shanghai and CFO of Nike China. Mr. Mo holds an MBA from California State University, Fullerton. He is fluent in English, Mandarin and Cantonese.
Tianhong Yu, Independent Director:
Mr. Yu has served as Vice President and Managing Director of Huayi Brothers & Taihe Film Investment Co, Ltd, a leading motion picture and television production and distribution company in China, since 2005.
Prior to that, he was the senior manager of TOM.com Inc, a leading wireless internet company in China. Mr. Yu founded Beijing Modern Art Center and CHINALAW DATABASE, the first law database in China. Mr. Yu holds a Bachelor's degree in Economic Law from Peking University in 1988.
The OmniaLuo Board now consists of one OmniaLuo executive officer and principal stockholder (Cindy Luo, Chairwoman and CEO), four independent directors (Qing Huang, Fei Luo, Charles Mo and Tianhong Yu) and two other directors who are substantial stockholders (Wenbin Fang and Xiaoyin Luo). For complete biographies, please refer to the report filed on Form 8-K on February 1, 2008.
Established Board Committees:
Effective January 28, 2008, the Board of Directors established the Company's Audit, Compensation and Governance and Nominating Committees, and appointed three of the independent directors to serve on each committee.
Mr. Charles Mo possesses accounting and related financial management experience that qualifies him as a financial expert and financially sophisticated within the meaning of Rule 4350(d)(2)(A) of the NASDAQ Marketplace Rules and will serve as Chairman of the Audit Committee. Mr. Huang will serve as the Chairman of the Compensation Committee and Mr. Yu will serve as the Chairman of the Governance and Nominating Committee.
Adopted Code of Ethics:
Effective January 28, 2008, the Board of Directors adopted a Code of Ethics that is applicable to all of OmniaLuo's employees, officers and directors.
"We recognize that it is especially important for Chinese issuers listed in the U.S. to have truly independent board members and to adhere to strict corporate governance standards to ensure that the interests of stockholders are well represented at all times," said Chairwoman Ms. Cindy Luo.
"Our four independent directors are seasoned and successful professionals who fully understand what it takes to drive and create value in the public marketplace. The establishment of a bona fide and credible Board and the adoption of NASDAQ corporate governance standards are stepping stones towards a NASDAQ Capital Market listing."
Mr. Mo is an American certified public accountant (CPA), licensed to practice in the states of California and New Hampshire. He has over 30 years of experience in public and corporate accounting, finance, governance and operations.
He is the founder and general manager of Charles Mo & Co, an executive search firm. He previously served as COO and CFO of Coca-Cola Shanghai and CFO of Nike China. Mr. Mo holds an MBA from California State University, Fullerton. He is fluent in English, Mandarin and Cantonese.
Tianhong Yu, Independent Director:
Mr. Yu has served as Vice President and Managing Director of Huayi Brothers & Taihe Film Investment Co, Ltd, a leading motion picture and television production and distribution company in China, since 2005.
Prior to that, he was the senior manager of TOM.com Inc, a leading wireless internet company in China. Mr. Yu founded Beijing Modern Art Center and CHINALAW DATABASE, the first law database in China. Mr. Yu holds a Bachelor's degree in Economic Law from Peking University in 1988.
The OmniaLuo Board now consists of one OmniaLuo executive officer and principal stockholder (Cindy Luo, Chairwoman and CEO), four independent directors (Qing Huang, Fei Luo, Charles Mo and Tianhong Yu) and two other directors who are substantial stockholders (Wenbin Fang and Xiaoyin Luo). For complete biographies, please refer to the report filed on Form 8-K on February 1, 2008.
Established Board Committees:
Effective January 28, 2008, the Board of Directors established the Company's Audit, Compensation and Governance and Nominating Committees, and appointed three of the independent directors to serve on each committee.
Mr. Charles Mo possesses accounting and related financial management experience that qualifies him as a financial expert and financially sophisticated within the meaning of Rule 4350(d)(2)(A) of the NASDAQ Marketplace Rules and will serve as Chairman of the Audit Committee. Mr. Huang will serve as the Chairman of the Compensation Committee and Mr. Yu will serve as the Chairman of the Governance and Nominating Committee.
Adopted Code of Ethics:
Effective January 28, 2008, the Board of Directors adopted a Code of Ethics that is applicable to all of OmniaLuo's employees, officers and directors.
"We recognize that it is especially important for Chinese issuers listed in the U.S. to have truly independent board members and to adhere to strict corporate governance standards to ensure that the interests of stockholders are well represented at all times," said Chairwoman Ms. Cindy Luo.
"Our four independent directors are seasoned and successful professionals who fully understand what it takes to drive and create value in the public marketplace. The establishment of a bona fide and credible Board and the adoption of NASDAQ corporate governance standards are stepping stones towards a NASDAQ Capital Market listing."
OmniaLuo Inc
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