Construction Industry Council - Annual Report 2024

CONSTRUCTION INDUSTRY COUNCIL 54 MEMBERSHIP OF COMMITTEES AND BOARDS AND TERMS OF REFERENCE Terms of Reference 1 To assist the Council fulfill its corporate governance and overseeing responsibilities of the CIC (with member organisations), including financial reporting, internal control, risk management, internal and external audit functions as well as compliance with policies, regulations and relevant legislations; 2 To oversee the work of Internal Audit Department, to review findings and management’s responses to the recommendations made; 3 To oversee the external audit process: a. To make recommendations to the Council on the appointment of external auditors, audit fees and any related matters; b. To review annual audit report and any matters raised by external auditors; 4 To approve the engagement of any external consultants to conduct review if necessary; and 5 To assist the Council in dealing other relevant issues. Membership Chairperson Mr. WONG Hin-wing, Simon Members Ir LEUNG Wing-kee, Ricky Mr. MA Hok-Ming, Kevin Ms. WONG Yeuk-lan, Eliza Representative of Development Bureau Audit Committee Formed in 2018, the Audit Committee supervises the work of the Internal Audit Department and oversees corporate governance, compliance, financial reporting, internal controls, risk management and audit matters of the CIC.