The audit committee was established in 1995 and comprises Board’s non-executive directors Andrea Waters (Committee Chair), Ellen Comerford, Lachlan Given, Stuart Grimshaw and Kevin Dundo with regular attendance by the CEO at the request of the audit committee.
Meetings of the committee are usually held in February, March, July and August each year, with audit planning meetings held in June and December each year and at any other time as requested by a member of the committee or the external auditors. The primary function of the committee is to assist the Board in fulfilling its responsibilities for the Company’s financial reporting and external reporting, and ensuring all accounting reports are prepared in accordance with the appropriate accounting standards and statutory requirements. In addition, it reviews the performance of the auditors and makes any recommendations that the committee feels necessary.
Please see our charter (PDF).