The following is a summary of the Audit Committee’s responsibilities:
Monitoring the integrity of the Group’s financial statements, financial reporting and related statements, as well as the clarity and completeness of and informing the Board whether the Annual Report and Accounts taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess the Company’s performance, business model and strategy
Ensuring the appropriateness of accounting policies, any changes to these, and any significant estimates and judgements made
Reviewing the effectiveness of internal control, compliance and risk management systems (including whistleblowing arrangements)
Overseeing all aspects of the relationship with the internal and external auditors; approving the policy on non-audit services; making recommendations to the Board for their dismissal or changes; and supervising any tender process
Audit Committee membership
- Christine Soden (Chair of the Audit Committee, and member of the Nomination and Remuneration Committees)
- Dorothee Deuring
- Trudy Schoolenberg
- Clement Woon
Audit Committee Terms of Reference Policy on Non Audit Services from External Auditors