Summary by Moomoo AI
China International Capital Corporation (CICC) recently released the working rules of the board of directors audit committee, aiming to regulate and improve the decision-making process and work efficiency of the audit committee. The rules are formulated in accordance with relevant laws and regulations in China and Hong Kong, as well as listing rules, and are combined with the actual situation of the company. The audit committee is composed of at least three non-executive directors, with a majority of independent directors, and at least one with professional qualifications or financial expertise. The chairman of the committee is an independent director, responsible for convening and chairing meetings. The responsibilities of the audit committee include reviewing financial information, supervising internal and external audit work, evaluating internal controls, etc. The committee meets at least once every quarter and can be conducted in multiple ways. The formulation and revision of these rules are approved by the board of directors.