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Safeguard Integrity |
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The Board has established an Audit Committee comprised of
the four non-executive directors. This committee operates
under a charter to enable it to perform its role and
responsibilities. Where considered appropriate, the
Company’s external auditors and the Company’s management are
invited to attend meetings. The Members of the Audit
Committee are:
Paul Teisseire (chair), Ross Johnston, Max Cowley, and Michael Givoni.
The role of the Audit Committee is to assist the Board
fulfill its responsibilities in relation to the
identification of the areas of significant business risks
and the monitoring of the following:
- Effective management of financial and other business
risks;
- Reliable management reporting;
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Compliance with laws and regulations in respect to
financial reporting;
- Maintenance of effective
and efficient audits;
- Meeting with external
auditors on a twice-yearly basis and informally as
circumstances require; and
- Recommending to the
Board the appointment, removal and remuneration of the
external auditors, and review their terms of engagement,
and the scope and quality of the audit.
The
Audit Committee provides the Board with additional
assurances regarding the reliability of financial
information for inclusion in the financial statements.
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