Special Announcement
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Executive Committee Terms of Reference


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.