38
ANNUAL REPORT 2015/2016
AUDIT COMMITTEE (CONT’D)
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of the Group and the Company before their submission to the Board of Directors;
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and risk management via reviews carried out by the internal auditors;
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discuss any matters that these groups believe should be discussed privately with the Audit Committee;
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compliance policies and programs and any reports received from regulators;
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external auditors, and reviewed the scope and results of the audit;
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the Audit Committee considers appropriate; and
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The Audit Committee, having reviewed all non-audit services provided by the external auditors to the Group, is satisfied
that the nature and extent of such services would not affect the independence of the external auditors. The Audit
Committee has also conducted a review of interested person transactions.
The Audit Committee convened four meetings during the financial year and has also met with internal and external
auditors, without the presence of the Company’s management, at least once a year.
The Audit Committee recommends to the Board of Directors that the auditors, Ernst & Young LLP, be nominated for re-
appointment as external auditors at the forthcoming Annual General Meeting of the Company.
Further details regarding the Audit Committee are disclosed in the Corporate Governance Report.
DIRECTORS’
STATEMENT
