Records and Accounts of the Trustees Sample Clauses

Records and Accounts of the Trustees. The Trustees or their designee shall maintain accurate and detailed records and accounts of all proceedings and transactions hereunder. The Trustees' records with respect to the assets, finances and reserves under the Trust and the Plan(s), as well as all records as to the actions of the Trustees (including minutes of Trustees’ meetings) shall be open to inspection by any Participating Employer or Covered Individual during regular business hours upon adequate advance notice of the intent to do so. The Trust may be reimbursed the expense of providing copies of any documents or records, if requested to provide same, to the extent such charge is permitted under ERISA or other similar legislation and regulation. The Trustees may withhold any documents or records that they deem confidential or protected under applicable law, regulation or practice. The Trustees shall periodically, in accordance with applicable laws and regulations, submit the Trust to a financial audit to be conducted by a certified public accountant selected by the Trustees. The Trustees shall establish and maintain an Audit or Executive and Finance Committee composed of Trustee members appointed by the Board of Trustees to oversee audit activities, assure the creditability of the Trust's financial reports and maximize the quality of the Trust's administrative affairs. The Trustees shall render an annual report to the Participating Employers and Covered Individuals as soon as possible after the end of each Plan Year, said report to be in such form and to contain such information concerning the Plan(s) and the administration thereof as deemed proper by the Trustees or as may be required by any governmental department, agency or commission, statute or regulation.