Document background
An Audit Committee Resolution is a crucial governance document used to formally record decisions made by the audit committee of a company in Hong Kong. This document type is essential for maintaining proper corporate governance records and demonstrating compliance with the Hong Kong Companies Ordinance, HKEx Listing Rules, and other regulatory requirements. The resolution typically covers matters such as approval of financial statements, appointment or removal of auditors, review of internal control systems, risk management matters, and other significant oversight responsibilities. It's particularly important for listed companies and regulated entities, though it's also used by private companies with formal governance structures. The document must be properly executed and maintained as part of the company's corporate records, serving as evidence of the committee's diligent discharge of its duties.
