Audit and Risk Committee

The Board has also established an Audit and Risk Committee comprising the Board members.

The function of the Audit and Risk Committee is to oversee financial reporting, accounting policies, financial management, internal control systems, risk management system, systems for protecting assets and compliance. The Committee keeps under review the scope and results of audit work, its cost effectiveness and performance, independence and objectivity of the auditors.

The Audit and Risk Committee receives regular reports from the Chief Executive Officer including reports on financial and business performance, risk management and accounting and internal control matters.