Audit Committee
The Audit Committee was formed in 1996. It is tasked with overseeing the process for preparing the financial statements and financial information; verifying the effectiveness of internal control and risk management; supervising the auditor selection procedure and monitoring audit assignments. At 31 December 2022:
5
Number of meetings
100%
Independance ratio
100%
Average attendance ratio
Selection and Remuneration Committee
The Selection Committee (formed in 1995) and the Remuneration Committee (formed in 1997) were merged into a single committee in 2016.
The Selection and Remuneration Committee gives its opinion on appointments to the Board and on term-of-office renewals of the CEO and directors, as well as on the calculation method and the amount of remuneration paid to corporate officers. At 31 December 2022:
6
Number of meetings
100%
Independance ratio
100%
Average attendance ratio
Ethics, CSR and Patronage Committee
The Ethics, CSR and Patronage Committee was formed in 2001. It ensures compliance with the Group’s values and rules of conduct. It gives its opinion on patronage initiatives. At 31 December 2022:
5
Number of meetings
100%
Independance ratio
100%
Average attendance ratio
