Committees
Functional Committees of the Board
Audit Committee
Hotai's Audit Committee was established on June 21, 2016 and is comprised of all three independent directors. The Committee meets at least once every quarter.
The committee members are shown in the table below.
Remuneration Committee
Hotai's Remuneration Committee was established on October 25, 2011 and is comprised of all three independent directors. The Committee meets at least twice every year.
The committee members are shown in the table below.
Sustainable Development Committee
Hotai Motor established the Corporate Social Responsibility Committee in 2018—which was renamed the Sustainable Development Committee in December 2021—as a functional committee under the Board to pursue corporate sustainability, implement and oversee related policies and sustainable development strategies. The Committee meets at least twice a year and is charged with adopting annual sustainability policies and reviewing the implementation of each ESG topic through regular meetings.
The committee members are shown in the table below.
The Communication between Independent Directors, Internal Auditor and the Certified Accountants
I. Policy:
(1) Independent directors communicate with the accountants at least once a year. The accountants report financial results, operating results of the subsidiaries and internal audit results to independent directors. They also discuss and communicate the questions raised by the participants in the meeting.
(2) Independent directors communicate with our internal auditors at least once a quarter. Our internal auditors report the internal audit operations internal control results to independent directors. Independent directors and our internal auditor audit the subsidiaries every quarter, and discuss and communicate with subsidiaries when auditing.
II. Major Communication Results:
Summary of communication between independent directors and auditors:
(2) Summary of communication between independent directors and chief internal control officer:
