Board Committees

Please click here for the list of directors including the names of the Chairman and Members of each Board Committee of BOC Hong Kong (Holdings) Limited.

 

Audit Committee

Mandate of the Audit Committee

 

Main duties and major works performed in 2019 as disclosed in the Corporate Governance Report are as follows:

Nomination and Remuneration Committee

Mandate of the Nomination and Remuneration Committee

 

Main duties and major works performed in 2019 as disclosed in the Corporate Governance Report are as follows:

Pursuant to the “Policy on Directors’ Remuneration” adopted by the Company, when recommendation of the remuneration of Directors is made, the Nomination and Remuneration Committee should benchmark against companies of comparable business type or scale, the role (chairmanship or membership) they played, job nature and workload at both the Board and Board Committee levels (including frequency of meetings and nature of agenda items) in order to compensate Directors fairly. The remuneration of Directors is subject to regular review based on market practices, regulatory requirements and inflation, etc. No individual Director is allowed to participate in the procedures for deciding his/her individual remuneration package. The remuneration of the Independent Non-executive Directors is not linked with the performance of the Company. Information relating to the remuneration of each Director for 2019 is set out in Note 21 to the Financial Statements. The present scale of Director’s fees, including additional fees for membership of Board Committees, is given below:

The Nomination and Remuneration Committee also has the delegated responsibility from the Board to determine the remuneration packages of the Executive Directors and the Senior Management, including benefits in kind, pension rights and compensation payments (including any compensation payable for loss or termination of their office or appointment, early payout of deferred remuneration), as well as the performance-based remuneration. Moreover, it will recommend to the Board on their remuneration package upon joining, sign-on bonus and contract guaranteed bonus, etc.

Risk Committee

Mandate of the Risk Committee

 

Main duties and major works performed in 2019 as disclosed in the Corporate Governance Report are as follows:

Strategy and Budget Committee

Mandate of the Strategy and Budget Committee

 

Main duties and major works performed in 2019 as disclosed in the Corporate Governance Report are as follows:

Sustainability Committee

Mandate of the Sustainability Committee

 

The Sustainability Committee was established on 23 December 2019 and did not hold any meeting from the date of establishment to the year-end date. Main duties as disclosed in the Corporate Governance Report are as follows: