Audit committee charter
Wednesday, 01 January 2020
The audit committee oversees and monitors the company’s audit processes, including the internal control activities.
The ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations1 Recommendation 4.1 states that the board of a listed entity should have an audit committee with at least three non-executive director members of whom the majority are independent and that the chair of the audit committee be an independent director. It is recommended that the chair of the audit committee is not the chair of the board of directors of the company.
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