PRIVASIA-Governance-Reference-Audit-Risk-Management-Committee-Policy

TERMS OF REFERENCE OF AUDIT AND RISK MANAGEMENT COMMITTEE

Name: TERMS OF REFERENCE OF AUDIT AND RISK MANAGEMENT COMMITTEE
Brand: PRIVASIA
Availability: InStock

The Board of Directors of PRIVASIA had, on 24 February 2010, reconstituted and renamed the Audit Committee, which was established on 20 May 2009, as the Audit and Risk Management Committee. This Terms of Reference of the Committee is established pursuant to the Listing Requirements and approved by the Board.

The purpose of the Committee is to assist the Board in ensuring the effective governance over the appropriateness of the financial reporting of the Group, including the adequacy of related disclosures, the performance of both the internal audit function and the external auditor, and the oversight over the Group’s systems of internal and external controls, business risks and related compliance activities.

The existence of the Committee does not diminish the Board’s ultimate statutory and fiduciary responsibility for decision-making relating to the functions and duties of the Committee.

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APPROVED BY THE BOARD OF DIRECTORS ON 22 FEBRUARY 2024

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