The Audit Committee assists the Board of Directors in performing its duties with regard to overall supervision and financial control.
Duties:
- Assessment of accounts
- Assessment of risk governance and organisation
- Assessment of the internal control system (ICS)
- Monitoring of operational risks and risk management measures
- Monitoring of the audits performed by the internal and external auditors
- Approval of the internal audit plan
- Coordination of the external audit plans, the audit results and specific audit assignments
- Verification of the consistency of auditing activities with any existing consulting mandates
- Reviewing of the fee structure
The Audit Committee also ensures optimal cooperation between internal and external control units, the Audit Committee, the Chairman and the Executive Management.
Current members: Dr Ivo Furrer, Beat Fellmann, Dr Andreas von Planta, Regula Wallimann