Purpose:

• Safeguards assets and ensures the operation of adequate systems, control processes, and the preparation of accurate financial statements and reporting in compliance with all applicable legal requirements and accounting standards
• Ensures corporate accountability and the management of associated risks, combined assurance and integrated reporting
• Reviews Group Financial and Integrated Reports and recommends them to the Board for approval
• Recommends to the Board the appointment of external auditors and oversight of the external audit process and the results thereof
• Approves annual internal and external audit plans
• Monitors the ethical conduct of the Group
• Annually assesses the adequacy and skills of the internal audit, group financial management and reporting functions.

Quorum:

Minimum of three members and majority required for a quorum.

Frequency of meeting:

Meets at least four times a year.