Audit and Risk Management Committee
Ensuring financial integrity, compliance oversight, and comprehensive risk assessment to protect organizational assets and reputation.
Committee Overview
This committee provides independent oversight of financial reporting, internal controls, and risk management processes. It ensures compliance with regulatory requirements and maintains the highest standards of corporate governance.
Key Responsibilities
Audit Oversight
- External audit coordination
- Internal audit program
- Audit findings review
- Corrective action monitoring
- Auditor independence
Risk Management
- Risk assessment framework
- Risk monitoring systems
- Mitigation strategies
- Crisis management planning
- Business continuity
Compliance
- Regulatory compliance
- Policy adherence
- Ethics monitoring
- Legal requirements
- Governance standards
Committee Structure & Governance
Committee Composition
- Independent Chairman
- Independent Directors
- Risk Management Expert
- Audit Professional
Meeting Schedule
- Quarterly Meetings
- Audit Reviews
- Risk Assessments
- Compliance Reports
2025 Strategic Focus Areas
Financial Controls
Strengthening internal controls
Operational Risk
Managing operational exposures
Regulatory Compliance
Ensuring regulatory adherence
Fraud Prevention
Preventing fraudulent activities