Page 109 - Hang Lung Group 2012 Annual Report

2. Audit Committee
An Audit Committee was established by the Board in 1999, which
now comprises three Independent Non-Executive Directors with
appropriate academic and professional qualifications or related
financial management expertise, namely Mr Simon S.O. Ip (Chairman
of the Committee), Dr H.K. Cheng and Ms Laura L.Y. Chen. Under
the CG Code, it is required that meetings are held at least two times a
year with the external auditor. Separate meetings will also need to be
held with the external auditor (in the absence of management) as and
when required. The Audit Committee has exceeded the CG Code and
has held four meetings for the purpose of, inter alia, discussing the
nature and scope of internal audit work and assessing the Group’s
internal controls in 2012. Moreover, the Committee met the external
auditor four times in 2012 without the presence of the Executive
Board members.
The terms of reference explaining the Committee’s role and authority,
which have been reviewed and revised with reference to the New
Corporate Governance Code to include duties regarding corporate
governance functions and as a minimum the specific duties as stipulated
in the Listing Rules were adopted by the Board and are available on
both our website and the website of HKEx.
The Committee is authorized by the Board to investigate any activity
within its terms of reference; to seek any information it requires from
any employee and all employees are directed to co-operate with any
requests made by the Committee; to obtain outside legal or other
independent professional advice; and to secure the attendance of
outsiders with relevant experience and expertise to their meetings
if necessary. Sufficient resources are provided to the Committee to
discharge its duty.
In 2012, the Audit Committee has performed, inter alia, the following:
• reviewed and obtained explanation from management and
the external auditor on the interim and annual results, including
causes of changes from the previous accounting period, effects
on the application of new accounting policies, compliance with the
Listing Rules and relevant legislation, and any audit issues, before
recommending their adoption by the Board;
2. 審核委員會
審核委員會乃於一九九九年由董事局設
立，目前成員包括三名獨立非執行董事，
分別為葉錫安先生（委員會主席）、鄭漢鈞
博士及陳樂怡女士。彼等均具備適當之
學術及專業資格或相關之財務管理專才。根
據企業管治守則，審核委員會須每年與外聘
核數師舉行最少兩次會議。審核委員會亦於
有需要時會與外聘核數師另行開會（管理層
並不列席）。於二零一二年，審核委員會超
越企業管治守則的要求，共舉行了四次會
議，以（其中包括）討論內部審計工作之性質
和範疇，以及評核集團之內部監控。此外，
委員會於二零一二年與外聘核數師在執行董
事並不列席的情況下會面四次。
公司及香港交易所之網頁均載有審核委員
會之職權範圍，闡明其角色及職責，以供
瀏覽。該職權範圍經參照新企業管治守則
而予以審閱及修訂後已涵蓋企業管治職能
的有關職責，以及不低於上市規則所規定
之具體職責，並經董事局採納。
委員會獲董事局授權，可調查其職權範圍
內之任何事項；向任何僱員索取任何所需
資料，而所有僱員均須就委員會之要求作
出通力合作；向外界法律人士或其他獨立
專業人士尋求意見；及於有需要時邀請具
有相關經驗和專才之外界人士參與會議。
委員會獲提供足夠資源以履行其職責。
於二零一二年，審核委員會履行了（其中包
括）以下之職責：
• 審閱並向管理層和外聘核數師取得有
關中期業績和全年業績之解釋，包括
與以往會計期有改變之原因、採用新
會計政策之影響、對上市規則和有關
法規的遵例情況、以及任何核數事
宜，然後建議董事局採納有關業績；
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