Construction Industry Council - Annual Report 2024

ANNUAL REPORT 2024 71 MEMBERSHIP OF COMMITTEES AND BOARDS AND TERMS OF REFERENCE Terms of Reference 1 To recommend appropriate investment of surplus funds; 2 To advise the CIC on investment-related matters, such as purchase, asset switching, redemption, etc; 3 To oversee the performance of the CIC’s investments; 4 To advise and formulate investment strategies for the CIC; and 5 To decide whether external managers should be appointed to manage the CIC’s investment portfolio going forward. Membership Chairperson Mr. WONG Hin-wing, Simon Members Mr. CHIU Sai-kar, Jaye Mr. KWOK Cheong-ping, Charles Mr. LAM Siu-fung, Frank Mr. TSE Yue-hong, Chris Investment Task Force The Investment Task Force advises the CIC on investment-related matters, such as purchase, asset switching, redemption, etc. It also oversees the performance of the CIC’s investments.