audit

Referenceof The Audit CommitteeThe Audit Committee shall be governed by the following terms of reference.Composition Of Audit CommitteeThe Committee shall be appointed by the Board from its members and shall consist of not less than 3 membersof whom a majority shall not:-a) be executive directors of the company or any related corporation;b) comprise a spouse, parent, brother, sister, son or adopted son, daughter or adopted daughter of an executive director of the company or of any related corporation; orc) comprise persons having a relationship which, in the opinion of the Board, would interfere with the exercise of independent judgment in carrying out the functions of the Committee.The Committee shall elect a chairperson from among its members who is not an executive director or employeeof the company or any related corporation.In the event that a member of the Committee resigns, dies or for any other reason ceases to be a member withthe result that the number of members is reduced below 3, the Board of Directors shall, within 3 months of thatevent, appoint such number of new members as may be required to make up the minimum number of 3 members.Terms Of MembershipMembers of the Committee shall be appointed for an initial term of 3 years after which they will be eligiblefor reappointment.MeetingsThe Committee shall meet at least three times a year. In addition, the chairperson shall convene a meeting of theCommittee if requested to do so by any ...