The Audit and Risk Committee supports the Board of Directors in those compliance, risk management and financial duties.​

The members of the Audit and Risk Committee are:

Jean-Pierre Jacquemoud		Chairman
Marina de Planta		Independent Director
Martin Wenk		Independent Director
Paul Wilson		Independent Director

The Audit and Risk Committee was established on 21 September 2006. The Board of Directors is nevertheless ultimately responsible and retains all responsibilities defined by law, the articles of association and internal regulations. 

The Audit and Risk Committee consists of not fewer than three members of the Board of Directors each of whom satisfies certain independence requirements (such as holding a non-executive position). All members are financially literate, with at least one member possessing accounting or financial management expertise and other qualifications necessary to satisfy the requirements of a "financial expert".

Audit and Risk Committee's primary responsibilities include:

• Overseeing the internal auditors; 
• Supervising the external auditors and selecting and nominating the external auditors for election by the meeting of the shareholders;
• Overseeing the accounting policies, financial controls and the compliance with accounting and internal control standards;
• Overseeing internal control, internal audit and compliance processes and procedures; 
• Overseeing compliance with laws and external and internal regulations;
• Reviewing, with management, the identification, prioritisation and management of the risks, the risk portfolio and the related actions implemented by management; and
• Ensuring the company has implemented an appropriate and effective risk management system and process.

​The Audit and Risk Committee meets as often as required, but at least four times a year.

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