Audit committee regulations

Datum 24 mei 2004 Audit committee regulations Referentie 3 Onderwerp Audit committee regulations AUDIT COMMITTEE REGULATIONS Adoption of the present Regulations duly took place on 24 May 2004 on the strength of article 5(2)of the Supervisory Board Regulations 1.1 Article 1: Audit Committee Remit 1.1 Without prejudice to article 5(1) of the Supervisory Board Regulations, the Audit Committee shall advise the Supervisory Board on the latter’s duties as well as preparing that Board’s decision making in this context. 1.2 The Audit Committee’s remit comprises: a. supervision and (prior) monitoring of, and provision of advice to, the Board of Management regarding the functioning of the internal risk management and control systems, including supervision of compliance with the relevant legislation and regulations and of the efficacy of the Codes of Conduct; b. supervision of the Company’s dissemination of financial information (choice of accounting policies, application and assessment of impact of new regulations, appreciation of how “estimates” in the financial statements are dealt with, projections, work performed by external auditors in this respect, and so on); c. supervision of compliance with recommendations made by, and of observance of comments from, the external auditors; d. of the Company’s tax planning policy; e. supervision any’s finance; f. of the information and communication technology (ICT) applications; g. liaising at ...