Corporate Governance

Governance at LCHS

LCHS’s stands for a high standard of corporate governance, and we are committed to keeping our stakeholders informed.

LCHS is committed to meeting the highest industry standards and providing our investors with consistent, fair and transparent reporting.

Robust and resilient infrastructure

Technology forms a central component of LCHS’s operations, and significant investment continues to increase the robustness and resilience of LCHS’s trading and computing infrastructure. Driving this is a team of technology professionals devoted purely to improving LCHS’s technical platforms as well as expanding LCHS’s research computing capabilities.

LCHS has a state-of-the-art trading platform, located in a dedicated new data centre with resilient power and cooling facilities and direct feeds to numerous information vendors and electronic execution platforms. This gives LCHS the flexibility to trade a highly diversified mix of instruments across multiple asset classes and geographies. This has contributed greatly to the strong long-term performance of LCHS’s investment programs.

LCHS

At LCHS, we acknowledge that people manage risk and we work collaboratively to enable all members of our staff to perform as risk managers.

Market research
Investment decision

Competitive analysis
Reporting & analysis

LCHS researchers have access to a computer cluster with massive processing capability and storage facilities. Complex trading algorithms, risk management and performance optimisation processes can be executed against huge time series data sets in seconds and new strategies can be prototyped with ease.

Each research team has integrated technology specialists, accelerating the creation of strategies and ensuring the resulting systems have sufficient design and build integrity to be traded 24 hours a day, every day, in all market conditions.

Disaster recovery is critical, and LCHS conducts regular tests to help ensure business continuity. A disaster recovery site with a back-up trading system runs permanently and in parallel to the main trading system. Both primary and backup data centres are based in secure areas at separate sites. Even within the primary site there are two complete instances of the trading system, so that if any single component fails it can be replaced immediately.

In addition, a back-up trading office in London is also on stand-by to ensure continuous manual trade execution if both the main site and disaster recovery site are inaccessible. LCHS’s trade execution desk in Hong Kong can also be used as a back-up trading platform if required.

Executive Board

The Executive Board is responsible for achieving the company’s aims, the strategy and associated risk profile, the development of results and company social responsibility issues that are relevant to the company.

Structure and appointment

Candidates for the Executive Board are selected and nominated by the Supervisory Board but are appointed by the General Meeting of Shareholders.

Responsibilities and accountability

The Executive Board is collectively responsible for the management and performance of LCHS. The Chairman of the Executive Board takes the lead in this, and is the main point of liaison for the Supervisory Board. The Executive Board is accountable to the Supervisory Board and to the General Meeting of Shareholders. More details about the Executive Board’s responsibilities, duties and powers, can be read in the Executive Board By-Laws.

Supervisory Board

LCHS has a two-tier board structure. The Executive Board members are responsible for the day-to-day operations of the company. The role of the Supervisory Board is to supervise the policies of the Executive Board and the general affairs of the company and its enterprise, taking into account the relevant interests of the company’s stakeholders and to advise the Executive Board. The Supervisory Board also has due regard for corporate social responsibility issues which may be relevant to LCHS.

Structure and appointment

The Supervisory Board consists of at least three members. The members are appointed by the General Meeting of Shareholders. At present, all Supervisory Board members are independent from the company. The number of supervisory board memberships of all Supervisory Board Members is limited to such extent that the proper performance of their duties is assured.

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