Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 591

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 6
Chunk 591
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 the methods used to account for significant or unusual transactions where different approaches are possible;
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●   whether our company has followed appropriate accounting standards and made appropriate estimates and judgments, taking into account the views of the external auditor;
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●   the clarity of the disclosure in our financial reports and the context in which statements are made; and
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●   all material information presented with the financial statements, such as any operations and financial review and any corporate governance statements (insofar as it relates to the audit and risk management).
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In relation to our internal controls and risk management systems, our audit committee, among other things:

●   reviews the effectiveness of our internal control and risk management systems;
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●   reviews the policies and procedures for the identification, assessment and reporting of financial and non-financial risks and our management of those risks in accordance with the requirements of the Sarbanes-Oxley Act and other applicable laws, rules and regulations and the applicable requirements of any stock exchange;
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●   approves the appointment and removal of the head of the internal audit function;
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●   ensures our internal audit function has adequate standing and resources and is free from management or other restrictions;
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●   reviews and monitors our executive management’s responsiveness to the findings and recommendations of the internal audit function; and
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●   reviews with management and our independent auditors the adequacy and effectiveness of our internal control over financial reporting and disclosure controls and procedures.
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In relation to our external auditor, our audit committee, among other things:

●   recommends the appointment, reappointment or removal of the external auditor and considers any issues relating to their resignation, dismissal, remuneration or terms of engagement, subject to approval by the shareholders;
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●   considers and monitors the external auditor’s independence, objectivity and effectiveness;
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●   reviews and monitors the effectiveness of the audit process, considering relevant ethical or professional requirements;
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●   develops and implements policy on the engagement of the external auditor to provide non-audit services, taking into any relevant ethical guidance; and
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●   pre-approves the external auditors’ annual audit fees and the nature and scope of proposed audit coverage, subject to approval by our shareholders.
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The audit committee is authorized to obtain, at our company’s expense, reasonable outside legal or other professional advice on any matters within the scope of its responsibilities.
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