Urban Renewal Authority 2018-19 Annual Report

93 CORPORATE GOVERNANCE Committees Function Areas Finance Committee • URA’s funding requirements • Financial and treasury policies • Investment of surplus funds • Financial aspects of the Annual Business Plan and Five-year Corporate Plan • Annual budgets • Market selling prices and target rents of development projects Human Resources and Remuneration Committee • Remuneration policies (level and mix) of senior and general staff • Proposals for adjustments to salary and variable pay • Organisation effectiveness and human resources management Land, Rehousing and Compensation Committee • Policies and matters relating to land grants, property acquisition, compensation and rehousing • Acquisition strategies, approaches and offers for individual projects • Policy and criteria for loans under Section 12 of the URA Ordinance Planning, Development and Conservation Committee • Selection of projects in the Five-year Corporate Plan and Annual Business Plan • Submission of Development Scheme Plan to the Town Planning Board • Planning and development parameters and design issues • Conservation proposals • Revitalisation proposals Review Committee • Review of the Management’s decisions on application of relevant URA’s policies as requested by affected owners or occupiers