Audit Committee
Highlights
The Audit Committee comprises only Independent Non-Executive Directors, thereby guaranteeing its independence and credibility.
Composition
Established by the Board in 1999, the Committee has four members, all of whom have attained outstanding academic and professional qualifications or related expertise.
| Audit Committee Members |
H.K. Cheng, GBS, OBE, JP (Chairman)
Laura L.Y. Chen
P.W. Liu, SBS, JP
Dominic C.F. Ho |
Functions
The duties of the Audit Committee include maintaining an appropriate relationship with the Company's auditors, reviewing financial information of the Company and overseeing the Company's financial reporting system and internal control procedures.
The Committee meets at least twice a year to discuss the nature and scope of internal audit work and to assess the Group's internal controls. Separate meetings are also held, without the management present, with external auditors as and when required.
Terms of Reference