Hong Kong Regulations

OCCUPATIONAL RETIREMENT SCHEMES (CONSULTATIVE COMMITTEES) RULES - SECT 8

Dissolution of consultative committee

(1) Not less than 10% of the scheme members may, in writing, jointly request
the consultative committee to convene an extraordinary meeting of scheme
members for the purpose of considering whether or not to dissolve the
consultative committee.

(2) On receipt of such a request, the chairman or the secretary of the
consultative committee shall-

   (a)  inform in writing the administrator, the designated person and the
        relevant employer of the scheme of the fact and of the date of receipt
        of the request; and

   (b)  arrange for a meeting of all scheme members to be held within 1 month
        from the date of the receipt of the request.

(3) Notice of the extraordinary meeting shall be given to all scheme members
in writing not less than 14 days before the date of the meeting and shall
specify the place, date and time of the meeting and the intention of passing a
resolution to dissolve the consultative committee.

(4) The notice given under subsection (3) shall include a proxy form, in Form
2 in the Schedule, which form shall be signed and returned to the chairman or
secretary not less than 3 days before the date of the meeting by a member who
wishes to vote by proxy.

(5) A scheme member may cancel a proxy by attending and voting in person at
the meeting.

(6) The quorum for the meeting shall be 5 scheme members attending the meeting
in person.

(7) A resolution to dissolve a consultative committee requires a majority of
all the scheme members voting in person or by proxy in favour of the
resolution.

(8) Where a resolution to dissolve the consultative committee is passed, the
chairman of the consultative committee shall immediately inform the designated
person, the administrator and the relevant employer of the scheme in writing
of the fact and of the effective date of the dissolution. (Enacted 1993)