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The Finance Committee shall--
(i) scrutinise the annual statement of accounts and budget estimates of the Foundation prepared by
the Director and make recommendations to the Governing Board;
(ii) prescribe the limits of the recurring and non-recurring expenditure of the Foundation for each
financial year;
(iii) review the financial position of the Foundation from time to time and have an internal audit
conducted; and
(iv) perform such other functions as may be prescribed.
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