Duties and Responsibilities
A) Review the quarterly, half-year and annual financial statements before their submission to the Board, with particular focus on the following matters:
B) To review all financial statements by:
C) To perform oversight function in the management of the Company’s internal controls by:
D) To review Internal Audit Department’s plans, activities, organizational structure and effectiveness in complying with the International Standards for the Professional Practice of Internal Auditing; and to ensure there is no unjustified restrictions, or limitations, on the reviews conducted by Internal Audit Department, such as but not limited to the following:
E) To oversee adequacy of external audit activities by:
On Governance and Compliance:
A) In coordination with the Compliance Officer, monitor and facilitate the company’s compliance to all rules, laws, regulations, and company policies that would have an impact in the organization’s objectives.
B) Formulate policies that will promote compliance to rules, laws, regulations and company policies.
C) Perform oversight and review function of potential conflicts of interest and related party transactions.
D) Review the findings of any examinations by regulatory agencies and any auditor observations.
E) Review the process for communicating the code of conduct to company personnel and for monitoring compliance therewith.
F) Obtain regular updates from the Compliance Officer, management and company legal counsel regarding compliance matters.
G) Review the Company’s corporate governance activities and programs, and oversee the implementation thereof by the Company.