Brief introductions of broad committee
<1> Role of broad committee
a. Making good use of committees have a positive effect on the governance of many companies
b. Committees have given assurance that important board duties were being discharged rigorously
<2> Responsibilities of broad committee
a. Many companies operate a series of board sub-committees responsible for supervising specific aspects of governance.
b. Operation of a committee system does not absolve the main board of its responsibilities for the areas covered by the board committees.
<3> Sub-board committee
a. Audit committee
(a)Composition: all NEDs
(b)Responsibility: The most important committee, responsible for liaising with external audit, supervising internal audit and reviewing the annual accounts and internal controls, conduct risk management and investigation
b. Nomination committee
(a)Composition: majority of NEDs
(b)Responsibility: To recommend the appointments of new directors to the board
c. Remuneration committee
(a)Composition: all NEDs
(b)Responsibility: To advise the executive director’s remuneration policy and the specific remuneration package for each director
d. Risk committee
(a)Composition: majority of NEDs
(b)Responsibility: Overseeing the organization’s risk response and management strategies
，我們將會(huì)及時(shí)處理。