The Audit Committee comprises two Independent Non-Executive Directors and one Non-Executive Director. Its Chairman must demonstrate accounting and auditing proficiency. Indicative responsibilities of the Committee are as follows:

  • Monitoring the financial reporting process.
  • Supervising the effective operation of the internal control and risk management systems as well as monitoring the Internal Audit’s proper functioning.
  • Tracking the Financial Statements’ statutory audit progress.
  • Reviewing and monitoring issues related to the objectivity and independence of the Statutory Auditor.
  • Recommending to the Board of Directors proposals concerning the appointment of the Statutory Auditor.
  • Evaluating management actions pertaining to compliance with the Code of Conduct and anti-money laundering rules.
  • Examining conflicts of interest and reporting thereon to the Board of Directors.
  • Ensuring the procedures for an effective and independent investigation of possible illegalities-irregularities on financial reporting and business operation.
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