Finance Committee (FC)
Terms of reference
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To consider and recommend, for the Council’s approval, the annual budget of the Hong Kong Council for Accreditation of Academic and Vocational Qualifications (HKCAAVQ), including any subsequent adjustments thereof.
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To consider the medium and long-term financial plans of HKCAAVQ.
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To keep under review the financial position of HKCAAVQ, including its return on investment and fee charging policy, and make recommendations to the Council as appropriate.
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To receive, consider and recommend for the Council’s approval the audited financial statements.
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To recommend, for the Council’s approval, the appointment of Auditors.
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To monitor available cash balances and make recommendations concerning the liquidation of investments to ensure that an appropriate level of cash reserves is maintained.
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To periodically review internal controls of HKCAAVQ as they relate to financial and accounting matters.
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To make recommendations to the Council on such matters within FC’s remit as they arise.
Membership
Chairperson
Ir Francis CHENG Cho-ying, MH
Deputy Chairperson
Ms Edith SHIH
Members
Mr Rock CHEN Chung-nin, SBS, JP
Ms Jane von DADELSZEN
Professor Zita FAHMI
Dr Bryan MAGUIRE
Professor QIU Hanqin
Professor Paul TAM Kwong-hang, JP
Mr Esmond LEE Chung-sin, JP (Deputy Secretary for Education (1), Education Bureau (representative of Permanent Secretary for Education))
Mr Albert CHOW (Executive Director of HKCAAVQ)