Special Announcement

Executive Committee Terms of Reference

Functions

1. To exercise the functions and powers of the Board between regular Board meetings (except for those functions and powers specified in Section 9 (7) in the AA Ordinance and the approval of annual budget, 5-year Business and Financial Plan, financial statements, dividend payment, appointment of auditor and matters pertaining to staff remuneration).
2 Without affecting the generality of (1) above, to undertake the following functions:
 
(a) to consider business development and commercial strategies and issues associated with the realization of such strategies;
(b) to provide strategic steer to Management;
(c) to ensure coordination of the activities among the Board committees;
(d) to serve as a sounding board for the Chairman of the Board in the leadership and oversight of the business and affairs of the Authority;
(e) to oversee senior management succession planning.
3. To perform any other function as may be delegated to it by the Board.