Orient Securities (03958) has released updated Terms of Reference for its Strategy and Sustainable Development Committee. According to the announcement, the committee is responsible for outlining long-term strategic development plans, reviewing major investment proposals, and providing guidance on capital operations and asset management projects that require board approval.

The committee also oversees sustainable development (ESG) policies and objectives, while monitoring the implementation and advising on adjustments when needed. The new Terms specify that the committee shall consist of three to five directors and is led by a chairperson, with key support provided by relevant company departments.

The updated framework outlines meeting procedures, including requirements for notice, quorum, voting methods, and the obligation of confidentiality. The Terms take effect upon board approval, replacing the previous version of the strategic committee’s Terms of Reference, and require that any situations not covered by the document comply with applicable laws and regulations.