Audit and Risk Committee. The Audit and Risk Committee is a committee of the Board. As ethical sourcing had been identified as a material risk to Coles, it is responsible for evaluating Coles’ ethical sourcing performance and the effectiveness of our ethical sourcing risk management systems and processes.
Audit and Risk Committee. (a) An audit and risk committee (the “Audit and Risk Committee”) to operate in accordance with the terms of reference of that committee as approved by the Board.
(b) The Audit and Risk Committee shall comprise independent Directors only which, for the avoidance of doubt, shall not include the TPG Investor Director, the KKR Investor Director or the REA Director.
(c) The Board or any two (2) members of the Audit and Risk Committee may from time to time convene a meeting of the Audit and Risk Committee.
(d) The quorum necessary for the transaction of any business of the Audit and Risk Committee shall be the presence in person, or by proxy, of at least a majority in number of the members of the Audit and Risk Committee.
Audit and Risk Committee. The membership of the Audit and Risk Committee shall consist of non-executive Directors of the Company plus any persons co-opted pursuant to Articles58 and 89 and shall consist of not less than three non-executive Directors. The Audit and Risk Committee shall monitor risks, review the accounting policies and procedures of the Company, its internal financial control systems and its compliance with statutory requirements and shall consider any matter raised by the Company’s external and internal auditors.
Audit and Risk Committee. (1) The Board shall appoint an Audit and Risk Committee of the Board which shall, for the purpose of paragraph (3) of Article 21, include the Chief Financial Officer of the Credit Guarantee Corporation, ex officio, who shall not have the power to cast a vote.
(2) The Audit and Risk Committee shall, in relation to the audit of the accounts of the Credit Guarantee Corporation, provide oversight of the financial reporting process, the audit process, the system of internal controls and compliance with laws and regulations, which may include -
(a) reviewing the budgets and performance standards and benchmarks set by the Board;
(b) considering internal controls and reviewing their effectiveness;
(c) reviewing significant accounting and reporting issues and professional and regulatory developments to understand the potential impact on financial statements;
(d) recommending to the Board, the appointment and subsequent rotations of qualified independent auditors;
(e) ensuring the conduct of an independent annual external audit; and
(f) obtaining and reviewing the results of the audit with management and external auditors.
(3) The Audit and Risk Committee shall elect one of its members, other than an ex officio member, as Chairperson and the person so elected shall have an original and a casting vote.
(4) The Audit and Risk Committee shall meet at least twice per year.
(5) The Audit and Risk Committee shall prepare an annual report which shall be presented to the Board.
Audit and Risk Committee. The Authority’s Audit and Risk Committee shall consist of at least three independent, non-executive Authority members, with written terms of reference which clearly outline the committee’s authority and duties. The role of the Committee is to ensure that the interests of Government and other stakeholders are fully protected in relation to business and financial reporting and internal control. The PSRA operates a formal Risk Management policy and maintains a Risk Register and this is updated on an ongoing basis. The maintenance of the Register ensures that risks are identified and assessed and necessary mitigating actions are, where resources allow, put in place.
Audit and Risk Committee. The Board’s Audit and Risk Committee consists of at least three independent non-executive Board members, and has written terms of reference which clearly outline the Committee’s authority and duties. The role of the Committee is to ensure that the interests of Government and other stakeholders are fully protected in relation to business and financial reporting and internal control.
Audit and Risk Committee. The Authority’s Finance, Audit and Risk Committee (FAR Committee) has been established in accordance with the DPER Code and includes two independent, non- executive Committee members. The FAR Committee has written terms of reference which clearly outline the Committee’s authority and duties. The role of the Committee is to ensure that the interests of Government and other stakeholders are fully protected in relation to business and financial reporting and internal control.
Audit and Risk Committee. The Board shall maintain an audit and risk committee (“Audit and Risk Committee”) which shall consist of not less than 2 (two) members nominated by the Board. The Audit and Risk Committee shall make decisions by way of a majority vote. The Audit and Risk Committee is required to perform the responsibilities assigned to it in terms of section 165 and 166 of the MFMA. The Audit and Risk Committee shall have authority to determine the following matters: - the auditing process, financial reporting, the system of corporate controls and risk management of the Company, and when required, to make recommendations to the full Board for approval; the adequacy and effectiveness of the Company's policies and procedures to assess, monitor and manage financial and non-financial business risks of the Company; The adequacy and effectiveness of the internal compliance and control systems, including the accounting, financial and tax controls of the Company; any incident involving fraud or significant breakdown of the Company's internal controls; and make recommendations to the Board in relation thereto.
Audit and Risk Committee. (a) Xxx. Xxxxxx Xx Buck (Chairperson) (b) Xxx. Xxxxx Zilwa
Audit and Risk Committee. As Accounting Officer, the Commissioner is responsible for ensuring that the Commissioner's office is managed economically, efficiently and effectively to ensure value for public money. The Commissioner has an Audit and Risk Committee to provide assurance of this to the Welsh Ministers, the Assembly and the public. This Committee advises the Commissioner on the strategic processes concerning risk management and governance. It is for the Commissioner to determine the number of members, appoint members and arrange meetings.
