Corporate Governance
To assist the Board in fulfilling its duties, four board committees are formed to oversee specific aspects of company affairs, namely the Audit Committee, the Remuneration Committee, the Nomination Committee and the Risk Control Committee. The table below provides the composition of these committees in which each Board member serves.
Chairman
Member
Directors Board Committee
Audit Committee Remuneration Committee Nomination Committee Risk Control Committee Sustainability Committee
Zhang Ping - -
Lu Zhenwei - - - -
Liu Guoxi - - - -
Su Yongjian - -
Li Hao - - - -
Wang Cheng - - - -
Jin Xinbin - -
Li Hongwei - - -
Zhu Jianbiao - - -
Audit Committee
The Audit Committee was established on 14 March 2000 pursuant to the provisions set out in the corporate governance code (the “Corporate Governance Code”) as set out in Appendix C1 to the Rules Governing the Listing of Securities on the Stock Exchange.
The Audit Committee has three members, including the Company’s two independent non-executive Directors, namely Ms. Li Hongwei, Mr. Zhu Jianbiao and a non-executive Director, Mr. Liu Guoxi. Ms. Li Hongwei is the chairman of the Audit Committee.
The Audit Committee acts as an important link between the Board and the Company’s auditors in matters within the scope of the Group’s audit. The duties of the Audit Committee are to review and provide supervision over the financial reporting process of the Group. The Audit Committee meets regularly with the management and the external auditors to discuss the accounting principles and practices adopted by the Group and the financial reporting matters.
Terms of Reference