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HK Electric Investments
CORPORATE GOVERNANCE
(Continued)
Trustee-Manager Audit Committee and Company Audit Committee
Each of the Trustee-Manager Audit Committee and the Company Audit Committee
comprises two Independent Non-executive Directors and one Non-executive Director. It
is chaired by Mr. Donald Jeffrey Roberts and the other members are Mr. Ronald Joseph
Arculli and Mr. Lee Lan Yee, Francis.
The Trustee-Manager Audit Committee reports directly to the Trustee-Manager Board
and its principal responsibilities are to assist the Trustee-Manager Board in fulfilling its
audit duties through the review and supervision of the financial reporting system and
internal control system of the Trust and the Trustee-Manager, to review the financial
information of the Trust and the Trustee-Manager, and to consider issues relating to
the external auditor and their appointment.
The Company Audit Committee reports directly to the Company Board and its
principal responsibilities are to assist the Company Board in fulfilling its audit duties
through the review and supervision of the financial reporting system and internal
control system of the Company, to review the financial information of the Company
and to consider issues relating to the external auditor and their appointment.
The Audit Committees also meet regularly with the external auditor to discuss the
audit process and accounting issues. The terms of reference of the Trustee-Manager
Audit Committee and the Company Audit Committee are published on the Company’s
website and the HKEX’s website.
Communication with Holders of Share Stapled Units
The Trustee-Manager and the Company have established a range of communication
channels between themselves and Holders of Share Stapled Units and investors.
These include the annual general meeting, the annual and interim reports, notices,
letters, announcements and circulars, results highlights published in newspapers,
news releases, the Company’s website at
www.hkei.hkand meetings with investors
and analysts. All Holders of Share Stapled Units have the opportunity to put questions
to the Boards at general meetings, and at other times by e-mailing or writing to the
Company.
Holders of Share Stapled Units may at any time notify the Company by mail or
email of any change in their choice of language (English or Chinese or both) or
means of receiving (printed copies or through the Company’s website) corporate
communications from the Trustee-Manager and the Company.