Audit Committee

The Board has established an Audit Committee to assist in the execution of its duties and to allow detailed consideration of complex issues. Additional information on the audit committee is set out in the Audit Committee Policy. The Audit Committee has a formal charter, approved by the Board. The Audit Committee consists of two non-executive Directors with the most applicable expertise and skills for this committee.

The main responsibilities of the audit committee are to:

• review and report to the Board on the annual report, the annual and half-year financial reports and all other financial information published by the Company or released to the market;
• assist the Board in reviewing the effectiveness of the Company’s internal control environment covering:
• effectiveness and efficiency of operations;
• reliability of financial reporting;
• compliance with applicable laws and regulations.
• versee the effective operation of the risk management framework;
• recommend to the Board the appointment, remo val and remuneration of the external auditors;
• review the terms of their engagement, and the scope and quality of the audit.

The external auditors are invited to attend the audit committee meetings to ensure that information flow is optimised.

The Board has established an Audit Committee to assist in the execution of its duties and to allow detailed consideration of complex issues. Additional information on the audit committee is set out in the Audit Committee Policy. The Audit Committee has a formal charter, approved by the Board. The Audit Committee consists of two non-executive Directors with the most applicable expertise and skills for this committee.

The main responsibilities of the audit committee are to:

• review and report to the Board on the annual report, the annual and half-year financial reports and all other financial information published by the Company or released to the market;
• assist the Board in reviewing the effectiveness of the Company’s internal control environment covering:
• effectiveness and efficiency of operations;
• reliability of financial reporting;
• compliance with applicable laws and regulations.
• versee the effective operation of the risk management framework;
• recommend to the Board the appointment, remo val and remuneration of the external auditors;
• review the terms of their engagement, and the scope and quality of the audit.

The external auditors are invited to attend the audit committee meetings to ensure that information flow is optimised.