Lee Kum Kee FiFth Generation KEL949

Exhibit 8: Lee Family Constitution Table of Contents

CONTENTS Page

Introduction
Members of Lee Kum Kee Family Assembly 3
Family Vision Statement & Shared Core Values 4
Chapter 1: Lee Kum Kee Family Governance Structure
1.1 Lee Kum Kee Enterprising Family Model 5
1.2 Family Assembly Members 6
1.3 Formation and Goals of Family Council; Roles & Responsibilities of 7–8
Family Council Members
1.4 Election, Appointment and Removal of Family Council Members 9–11
1.5 Family Council Meeting; Appointment and Roles of Chairman of 12
Family Council Meeting
1.6 Decision Making Procedure in Family Council Meeting 13
1.7 Selection and Appointment of Chairmen for Enterprising Family 14–15
Model Functional Units
1.7A Charter for Family Investment 16
1.7B Charter for Family Foundation 17
1.7C Charter for Family Learning & Development Centre 18
19
1.8 Guidelines on Conveying Family Assembly Meetings 20
Chapter 2: General Guidelines for Lee Kum Kee Family
2.1 Primary and Contributing Responsibilities of Family Council, 21–22
Owners, Business Unit Boards and Management
2.2 Team Communication Model 23
2.3 Declaration of Interest 24
Chapter 3: Policies for Lee Kum Kee Family and Family Enterprise
3.1 Ownership Succession 25
3.2 Disclosure of Share Ownership in Family Investment and Family 26
Business
3.3 Family Employment 27–28
3.4 Retirement Age 29
3.5 Family and Corporate Philanthropy 30
3.6 Composition of Board of Directors of Family Business Units 31
3.7 Pre-nuptial Agreement 32
Source: Company documents.

16 KeLLoGG SchooL oF manaGement

This document is authorized for use only in Martin Roll's Fit for Generations - The Essentials of Successful Family Business at CEIBS from Aug 2021 to Sep 2021.