Difference between revisions of "Audit Committee"
From FairShares Wiki 3.x
m |
|||
| (5 intermediate revisions by 2 users not shown) | |||
| Line 1: | Line 1: | ||
| − | The '''Audit Committee''' is defined in Clause 47 (in the section on [[Accounting, Audit, Dispute Resolution and Intellectual Property]]). It is elected at | + | The '''Audit Committee''' is defined in Clause/Article 47 (in the section on [[Accounting, Audit, Dispute Resolution and Intellectual Property]]). It is elected at a GM when the member threshold set in [[Governance|Articles of Association]] is reached. It comprises up to four people from at least two shareholder classes and has four duties: |
| + | |||
| + | # to assist and check the preparation of financial records presented to General Meetings to ensure they are accurate, authentic and meet the needs of members; | ||
| + | # to assist and check the preparation of information needed for a social audit; | ||
| + | # to organise elections to the Board at the AGM in accordance with Clause/Article 31; | ||
| + | # to record, check and authenticate that the procedures in Clauses/Articles 17 to 27 are being followed when voting takes place in a General Meeting. | ||
| − | |||
| − | |||
| − | |||
| − | |||
---- | ---- | ||
Return to the [[FairShares Glossary]] | Return to the [[FairShares Glossary]] | ||
Latest revision as of 09:24, 3 February 2021
The Audit Committee is defined in Clause/Article 47 (in the section on Accounting, Audit, Dispute Resolution and Intellectual Property). It is elected at a GM when the member threshold set in Articles of Association is reached. It comprises up to four people from at least two shareholder classes and has four duties:
- to assist and check the preparation of financial records presented to General Meetings to ensure they are accurate, authentic and meet the needs of members;
- to assist and check the preparation of information needed for a social audit;
- to organise elections to the Board at the AGM in accordance with Clause/Article 31;
- to record, check and authenticate that the procedures in Clauses/Articles 17 to 27 are being followed when voting takes place in a General Meeting.
Return to the FairShares Glossary
