PAX Global Strengthens Audit Committee Governance Framework
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PAX Global Technology has updated its Audit Committee's Terms of Reference to align with Hong Kong’s Corporate Governance Code and Listing Rules. The revised framework requires at least three non-executive directors, a majority being independent, and at least one with professional accounting or financial expertise. It also sets restrictions on former partners of the external auditor joining the committee and clarifies the committee’s authority and resources. These changes aim to enhance audit oversight, independence, transparency, and governance.
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