The Board has six board committees, namely Audit Committee, Executive Committee, Investment Committee, Nomination Committee, Remuneration Committee and Risk Management Committee.
Audit Committee
Mr. Kwong Che Keung, Gordon* (Committee Chairman)
Mr. Tsui Yiu Wa, Alec*
Mr. Jiang, Simon X.*
*Independent Non-Executive Director
The Board, through the Audit Committee, has conducted semi-annual reviews of the effectiveness of the internal control system of the Company covering all financial reporting and internal control procedures, ensuring compliance with applicable statutory accounting and reporting requirements, legal and regulatory requirements, internal rules and procedures approved by the Board.
The terms of reference of the Audit Committee are as follows:
Terms of Reference - Audit Committee
Executive Committee
Mr. Liang Yanfeng# (Committee Chairman)
Mr. Wang Futian#
Mr. Wang Xiaoming#
Mr. Wang Xiaodong#
Mr. Lin Wenjin#
#Executive Director
The Executive Committee meets regularly and operates as a general management committee with overall delegated authority from the Board. The committee is responsible for executing the strategy, reviewing the business performance, ensuring adequate fundings and monitoring performance of the management of the Company and its subsidiaries.
The terms of reference of the Executive Committee are as follows:
Terms of Reference - Executive Committee
Investment Committee
Mr. Wang Xiaoming# (Committee Chairman)
Mr. WANG Futian#
Mr. Liang Yanfeng#
Mr. Wang Xiaodong#
Mr. Lin Wenjin#
#Executive Director
The Investment Committee advises the Board on the investment of the Company, including advice on investment policies, asset allocation and new investment proposal.
The terms of reference of the Investment Committee are as follows:
Terms of Reference - Investment Committee
Nomination Committee
Mr. Tsui Yiu Wa, Alec* (Committee Chairman)
Mr. Kwong Che Keung, Gordon*
Mr. Jiang, Simon X.*
Mr. Liang Yanfeng#
*Independent Non-Executive Director
#Executive Director
The Nomination Committee is responsible for making recommendations to the Board on the nomination of candidates to fill casual vacancies of Directors.
The terms of reference of the Nomination Committee are as follows:
Terms of Reference - Nomination Committee
Remuneration Committee
Mr. Jiang, Simon X.* (Committee Chairman)
Mr. Kwong Che Keung, Gordon*
Mr. Tsui Yiu Wa, Alec*
Mr. Liang Yanfeng#
Mr. Lin Wenjin#
*Independent Non-Executive Director
#Executive Director
The Remuneration Committee is responsible for determining the policy for the remuneration of the Directors and Senior Executives of the Company, approving the terms of their service contracts and ensuring the appropriate remuneration offered.
The terms of reference of the Remuneration Committee are as follows:
Terms of Reference - Remuneration Committee
Risk Management Committee
Mr. Liang Yanfeng# (Committee Chairman)
Mr. Wang Futian#
Mr. Wang Xiaoming#
Mr. Wang Xiaodong#
#Executive Director
The Risk Management Committee is responsible for risk managment, operational & financial control and compliance with rules and regulations in order to minimize risks which may cause loss or reputation damage. The committee is responsible for formulating the written policies and procedures to identify and manage risks including operation risk, liquidity risk, regulatory risk, and credit risk.
The terms of reference of the Risk Management Committee are as follows:
Terms of Reference - Risk Management Committee |
