Summary by Futu AI
On 20 March 2024, the Power Industry updated the terms of reference of the Audit Committee, which clearly specifies the composition, duties, operation and interaction of the Audit Committee with external auditors. According to the update, the Audit Committee must consist of at least three non-executive directors, most of whom must be independent non-executive directors and at least one member must have appropriate professional qualifications or accounting or related financial management expertise. The Chairman of the Audit Committee is appointed by the Board of Directors and must be an independent non-executive director. The Committee meets at least twice a year and may be requested by external auditors. The Audit Committee's responsibilities include overseeing the integrity of the company...Show More