Summary by Moomoo AI
boc hong kong (Holdings) Limited recently updated its Audit Committee Terms of Reference, clarifying the goals, roles, responsibilities, and operational methods of the Audit Committee. The committee is a permanent committee subordinate to the board of directors, mainly responsible for monitoring the group's financial reporting accuracy, internal control system, internal and external audit functions, and other responsibilities. The committee will collaborate with management, internal auditors, and external auditors to review the financial reports, risk management, and effectiveness of internal control systems, and ensure the group complies with relevant laws and regulatory requirements. The committee members are mainly composed of independent non-executive directors and appointed by the board of directors. The committee will hold at least four meetings annually...Show More
