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Terms of Reference
The Executive Committee (the “Committee”) has been delegated by the Board the powers in the oversight of the management of the business and affairs of the Company.
Membership
The Committee shall be appointed by the Board from amongst the directors of the Company. The Committee shall have not less than three members. A quorum for any meeting shall be two members.
The chairman of the Committee shall be appointed by the Board. The Company Secretary shall act as the secretary to the Committee.
Duties
The Committee meets as and when required to review issues regarding the management and operation of the Company. The duties of the Committee include, but are not limited to, the following:
| (a) | to act on behalf of the Board if and when delegated; |
| (b) | to nominate suitably qualified candidates to become Directors; |
| (c) | to establish and consider changes to company-wide policies; |
| (d) | to consider the Company's corporate plans and budgets; |
| (e) | to consider any actual, or potential, major exception or occurrence which has, or may have, a major impact on the business and operation of the Company; |
| (f) | to address and deal with such other matters as may be delegated by the Board to the Committee; and |
| (g) | to delegate such of its powers as the Committee deems appropriate to the Senior Management. |
Reporting Procedure
The Committee shall report actions taken to the Board as soon as practicable following the meeting of the Committee at which such actions are taken.
Adopted and effective on 16th Day of August, 2005
Membership
| Sir Run Run Shaw | Chairman |
| Dr. Norman Leung Nai Pang | Member |
| Ms. Mona Fong | Member |
| Mr. Kevin Lo Chung Ping | Member |
| Mrs. Christina Lee | Member |
Secretary
Mr. Adrian Mak Yau Kee
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