Chupa Investment Ltd is a listed company in the Stock Exchange of Hong Kong. It principal activity is sale of financial products in Hong Kong. The companys board meetings are usually held 3 times a year mainly in January every year to make the budgeted target for the yearly sales of financial products. There is no ordinary board meeting to be held in the remaining 11 months, except urgent matters. On acceptance of the post of director, each new director is given a few page introduction about the background, profile and history on Chupa Investment Ltd. Before attending the first board meeting, the new director is required to read through the introduction at least once.

Mr. Paul Chan, who is the independent non-executive director of Chupa Investment Ltd, is a professional accountant and is also the partner of the audit firm which is instructed as the external auditor of Chupa Investment Ltd. But Mr. Paul Chan is responsible for business consultancy service of his audit firm, not the audit service. Mr. Paul Chans private business is fully engaged and he is only available to attend the board meetings twice a year and he can only read the board meeting documents during the meeting although he can always make good advice to the board. Another director of Chupa Investment Ltd, Mr. Wong is a registered architecture but he was sentenced to prison for 3 months for dangerous driving causing the death of a girl in 2017. Identify weaknesses in relation to corporate governance for Chupa Investment Ltd and make recommendations for improvement.