Audit Committee
The Audit Committee shall provide assistance to the Board of Directors in fulfilling their oversight responsibilities. The scope of the Committee’s oversight responsibility includes, but is not limited to, the Corporation’s financial statements and the financial reporting process, the systems of internal accounting and finance controls, the internal audit function, the annual independent audit of the Corporation’s financial statements, and the legal compliance and ethics programs established by management and the Board of Directors. In discharging its oversight responsibility, the Committee is empowered to investigate any matter brought to its attention with full access to all books, records, facilities, and personnel of the Corporation and the power to retain outside counsel or other experts for this purpose. Further, the Committee shall maintain free and open communication with independent auditors, internal auditors and management of the Corporation.
Each Committee member must be independent of management and the Corporation and free of any relationship that would impair such independence. Members may not receive consulting, advisory or other fees from the Corporation.
A majority of the Committee’s members should be financially literate and, if possible, at least one member should be a financial expert.
Other committees: Executive, HR, Marketing & Fundraising
