Audit Committee
The Company established the Audit Committee pursuant to a resolution of the Directors passed on 9 November 2005 in compliance with the CG Code as set out in Appendix 14 to the Listing Rules. The Audit Committee comprises 3 independent non-executive Directors, namely, Mr Ko Tak Fai, Desmond (Chairman of the Audit Committee), Mr Studer Werner Josef and Mr Yau Ming Kim, Robert.
The principal duties of the Audit Committee include the review and supervision of the Group's statutory audits, interim and annual accounts of the Group and internal control procedures.
The Audit Committee shall meet at least twice a year and the Chief Financial Officer, Chief Internal Auditor, In-House Counsel, the Compliance Officer and a representative of the external auditors of the Company shall normally be invited to attend the meetings. The Company Secretary or his/her nominee shall be the secretary of the Audit Committee.
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