### West Kowloon Cultural District Authority Ordinance 《西九文化區管理局條例》

8. Audit Committee
(1) There is established by this section a committee to be known as the Audit Committee.
(2) The functions of the Audit Committee are—
(a) to consider such matters relating to the financial affairs of the Authority and to conduct an audit (whether generally or in respect of particular matters) as the Committee considers necessary or desirable;
(b) to deal with any matter delegated to it by the Authority under section 13; and
(c) to consider any other matter, whether financial or otherwise, referred or assigned to it by the Board for consideration.
(3) The Audit Committee is to consist of such number of members, not being less than 3, as the Board may determine.
(4) At least one member of the Audit Committee is to be a member who, in the opinion of the Board, possesses such appropriate professional qualification or expertise in accounting or financial management as would render the member suitable for appointment.
(5) Each of the members of the Audit Committee, whether or not the member is a Board member, is to be appointed by the Board.
(6) A person is not eligible for appointment as a member of the Audit Committee if—
(a) he is the Chief Executive Officer or any other employee of the Authority; or
(b) he is the chairman of any other committee established under this Ordinance.
(7) The Board is to appoint a Board member (other than the Chairman) to be the chairman of the Audit Committee.
(8) The Board may—
(a) withdraw any matter referred or assigned under subsection (2)(c); or
(b) revoke any appointment made under subsection (5) or (7).
(9) An appointment made under this section is to be made public in the manner that the Board considers fit.
(10) Meetings of the Audit Committee are to be held as often as may be necessary for the performance of its functions.
(11) The Audit Committee may, subject to the requirements of this Ordinance, regulate its own administration, proceedings and business in such manner as it considers appropriate.

### West Kowloon Cultural District Authority Ordinance 《西九文化區管理局條例》

9. Investment Committee
(1) There is established by this section a committee to be known as the Investment Committee.
(2) The functions of the Investment Committee are—
(a) to advise the Authority in relation to its functions under section 23;
(b) for the purposes of paragraph (a), to monitor any investment made under section 23 and oversee the management of such investment;
(c) to deal with any matter delegated to it by the Authority under section 13; and
(d) to consider any other matter relating to investment or finance that is referred or assigned to it by the Board for consideration.
(3) The Investment Committee is to consist of—
(a) the Director of Accounting Services, or his representative; and
(b) such number of other members, not being less than 2, as the Board may determine who, in the opinion of the Board, possess such expertise or experience as would render them suitable for appointment.
(4) Each of the members of the Investment Committee specified in subsection (3)(b), whether or not the member is a Board member, is to be appointed by the Board.
(5) The Board is to appoint a Board member to be the chairman of the Investment Committee.
(6) The Board may—
(a) withdraw any matter referred or assigned under subsection (2)(d); or
(b) revoke any appointment made under subsection (4) or (5).
(7) An appointment made under this section is to be made public in the manner that the Board considers fit.
(8) Meetings of the Investment Committee are to be held as often as may be necessary for the performance of its functions.
(9) The Investment Committee may, subject to the requirements of this Ordinance, regulate its own administration, proceedings and business in such manner as it considers appropriate.

### West Kowloon Cultural District Authority Ordinance 《西九文化區管理局條例》

10. Remuneration Committee
(1) There is established by this section a committee to be known as the Remuneration Committee.
(2) The functions of the Remuneration Committee are—
(a) to advise the Authority in relation to its functions under section 12(2) and (3);
(b) to advise the Authority on any other matter relating to the remuneration, allowances or benefits made available to its employees, former employees or their dependants that is referred or assigned to it by the Board for consideration; and
(c) to deal with any matter delegated to it by the Authority under section 13.
(3) The Remuneration Committee is to consist of such number of members, not being less than 3, as the Board may determine.
(4) Each of the members of the Remuneration Committee, whether or not the member is a Board member, is to be appointed by the Board.
(5) The Board is to appoint a Board member (other than the Chief Executive Officer) to be the chairman of the Remuneration Committee.
(6) The Board may—
(a) withdraw any matter referred or assigned under subsection (2)(b); or
(b) revoke any appointment made under subsection (4) or (5).
(7) An appointment made under this section is to be made public in the manner that the Board considers fit.
(8) Meetings of the Remuneration Committee are to be held as often as may be necessary for the performance of its functions.
(9) The Remuneration Committee may, subject to the requirements of this Ordinance, regulate its own administration, proceedings and business in such manner as it considers appropriate.

11. Establishment of committees
(1) The Board may, for the purpose of performing any of the functions of the Authority, establish such committee as the Board considers necessary or expedient to deal with any matter (including, in particular, matters relating to planning, finance and operation of arts and cultural facilities).
(2) The Board may refer or assign a matter to any committee established under this section for consideration.
(3) A committee is to consist of such number of committee members as the Board may determine.
(4) Each of the committee members, whether or not the member is a Board member, is to be appointed by the Board.
(5) The Board is to appoint a Board member (other than the Chairman) to be the chairman of a committee.
(6) The Board may—
(a) withdraw any matter referred or assigned under subsection (2); or
(b) revoke any appointment made under subsection (4) or (5).
(7) An appointment made under this section is to be made public in the manner that the Board considers fit.
(8) A committee established under this section may, subject to the requirements of this Ordinance, regulate its own administration, proceedings and business in such manner as it considers appropriate.