| The LT has two (2) different sets of meetings, and the specific responsibilities of
LT at each meeting include:
LT Oversight meetings-
To assist the CEO in overseeing the management and operations of the
Group
To develop the Group’s business within the framework of the Board-approved
strategy
To review the business and investments of the Group including reviewing
investment policies and any significant acquisitions, partnerships or divestitures
To review monthly management accounts, identify issues, and implement
agreed-upon improvement measures
To review implementation progress of change management initiatives
To review, and ensure full implementation of Group performance management
system
To review the key human resources (“HR”) policies and decisions (eg. manpower
planning, training and career development program, management succession plan)
To review annual planning and budgeting exercise, and review annual corporate
plans (eg. marketing plan, IT strategy, HR strategy, financial plan and budget, regulations plan),
and to make recommendations to the Board on the Group’s broad policies and strategies
To ensure that all key decisions of LT are clearly communicated to the
respective Divisions of LT members.
To deliberate on any other management issues brought to its attention
LT Business Governance meetings –
To review and approve development projects and initiatives
To review the progress of development projects and initiatives, and provide
direction to Project Teams on the related issues
To review any significant risks and exposures that exist, and assess the steps
proposed by Project Teams to minimise the risks to the Group
To deliberate on any other issues as may be requested by the CEO from time to
time. |
