Assess the Audit Committee’s Role


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Assess  the  Audit  Committee’s  Role  in  Monitoring  Compliance  with  the  Company’s Code  of  Conduct  and  the  Law

Consider whether the audit committee should assume responsibilities in connection with monitoring compliance with the company’s code of ethical conduct (if it has one) and legal compliance, including the following:

- reviewing the company’s code of ethical conduct;

- reviewing reports that summarize the company’s monitoring of compliance

with its code of ethical conduct and legal compliance;

- reviewing the fairness of any proposed material transaction between

management of the company and the company (excluding transactions that

are subject to review by the Compensation Committee of the Board); and

- making recommendations regarding such transactions to the Board;

Review  Duties  and  Performance  of  Audit  Committee

  • review and reassess at least annually the adequacy of the audit committee’s charter;
  • review at least quarterly the committee’s intention, and ability, to fulfill all of the duties set forth in the audit committee charter;
  • review at least annually the audit committee’s performance, including an assessment from the Board of Directors as a whole;

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