Common use of Composition and Meetings of the Audit Committee Clause in Contracts

Composition and Meetings of the Audit Committee. 1.1 The Audit Committee comprises not less than two Directors, including at least one A Director and at least one B Director. 1.2 The initial composition of the Audit Committee shall be Xxxx Xxxxx, Xxxxx Xxxxx, Xxxxxxx Xxxxxx, Xxxxxxxxx Xxxxx Xxxxxxx and up to 3 members identified by MDLZ prior to Closing. 1.3 The chairman of the Audit Committee shall be appointed by the B Shareholder. 1.4 The chairman will ensure that the Committee receives information and papers in a timely manner to enable full and proper consideration to be given to the issues. 1.5 The quorum for meetings of the Audit Committee is two of its members which must include one A Director and one B Director. 1.6 No one other than an Audit Committee member is entitled to attend meetings of the Audit Committee but others may attend by invitation. The Audit Committee may invite any officer, director, employee of or adviser to the Group to attend for all or part of any meeting as and when appropriate and necessary. 1.7 The external auditor and CFO will be invited to attend meetings of the Audit Committee on a regular basis. 1.8 Meetings of the Audit Committee are to be held at least four times in each Financial Year at appropriate times in the financial reporting and audit cycle and otherwise as required. Any of the Committee members, the CFO, head of internal audit (if appointed) or the Company’s external auditors may request a meeting of the Audit Committee if he considers it necessary. 1.9 At least 10 Business Days’ written notice of an Audit Committee meeting shall be given to each member of the Audit Committee and any other person required to attend. Supporting papers shall be sent to the Audit Committee members and to other attendees as appropriate, at the same time.

Composition and Meetings of the Audit Committee. 1.1 The Audit Committee comprises not less than two Directors, including at least one A Director and at least one B Director. 1.2 The initial composition of the Audit Committee shall be Xxxx Xxxxx, Xxxxx Xxxxx, Xxxxxxx Xxxxxx, Xxxxxxxxx Xxxxx Xxxxxxx and up to 3 2 members identified by MDLZ prior to Closing. 1.3 The chairman of the Audit Committee shall be appointed by the B Shareholder. 1.4 The chairman will ensure that the Committee receives information and papers in a timely manner to enable full and proper consideration to be given to the issues. 1.5 The quorum for meetings of the Audit Committee is two of its members which must include one A Director and one B Director. 1.6 No one other than an Audit Committee member is entitled to attend meetings of the Audit Committee but others may attend by invitation. The Audit Committee may invite any officer, director, employee of or adviser to the Group to attend for all or part of any meeting as and when appropriate and necessary. 1.7 The external auditor and CFO will be invited to attend meetings of the Audit Committee on a regular basis. 1.8 Meetings of the Audit Committee are to be held at least four times in each Financial Year at appropriate times in the financial reporting and audit cycle and otherwise as required. Any of the Committee members, the CFO, head of internal audit (if appointed) or the Company’s external auditors may request a meeting of the Audit Committee if he considers it necessary. 1.9 At least 10 Business Days’ written notice of an Audit Committee meeting shall be given to each member of the Audit Committee and any other person required to attend. Supporting papers shall be sent to the Audit Committee members and to other attendees as appropriate, at the same time.

Composition and Meetings of the Audit Committee. 1.1 The Audit Committee comprises not less than two Directors, including at least one A Director and at least one B Director. 1.2 The initial composition of the Audit Committee shall be Xxxx Xxxxx, Xxxxx Xxxxx, Xxxxxxx Xxxxxx, Xxxxxxxxx Xxx Xxxxx Xxxxxxx and up to 3 members identified by MDLZ prior to Closing. 1.3 The chairman of the Audit Committee shall be appointed by the B Shareholder. 1.4 The chairman will ensure that the Committee receives information and papers in a timely manner to enable full and proper consideration to be given to the issues. 1.5 The quorum for meetings of the Audit Committee is two of its members which must include one A Director and one B Director. 1.6 No one other than an Audit Committee member is entitled to attend meetings of the Audit Committee but others may attend by invitation. The Audit Committee may invite any officer, director, employee of or adviser to the Group to attend for all or part of any meeting as and when appropriate and necessary. 1.7 The external auditor and CFO will be invited to attend meetings of the Audit Committee on a regular basis. 1.8 Meetings of the Audit Committee are to be held at least four times in each Financial Year at appropriate times in the financial reporting and audit cycle and otherwise as required. Any of the Committee members, the CFO, head of internal audit (if appointed) or the Company’s external auditors may request a meeting of the Audit Committee if he considers it necessary. 1.9 At least 10 Business Days’ written notice of an Audit Committee meeting shall be given to each member of the Audit Committee and any other person required to attend. Supporting papers shall be sent to the Audit Committee members and to other attendees as appropriate, at the same time.