Difference between revisions of "Audit Committee"

Revision as of 11:28, 28 January 2019

The Audit Committee is defined in Clause 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 31;
to record, check and authenticate that the procedures in clauses 17 to 27 are being followed when voting takes place in a General Meeting.

Revision as of 15:27, 16 February 2014 (view source) Rory (Talk \| contribs) m ← Older edit		Revision as of 11:28, 28 January 2019 (view source) Admin (Talk \| contribs) m Newer edit →
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−	The '''Audit Committee''' is defined in Clause 47 (in the section on [[Accounting, Audit, Dispute Resolution and Intellectual Property]]). It is elected at an 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:	+	The '''Audit Committee''' is defined in Clause 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 financial records presented to General Meetings to ensure they are accurate, authentic and meet the needs of members;