Committee members
- Mr William W. Douglas III (Chair)
- Mrs Glykeria Tsernou
- Mrs Zulikat Wuraola Abiola
The Audit and Risk Committee monitors the effectiveness of our financial reporting, internal control and risk management systems and processes. Key elements of its role include:
- Providing advice to the Board on whether the annual report and accounts, taken as a whole, is fair, balanced and understandable and provides the information necessary for shareholders to assess our position and performance
- Monitoring the quality, fairness and integrity of the financial statements of the Group and reviewing significant financial reporting issues and judgements contained in them
- Reviewing the Group’s internal financial control and anti-fraud systems as well as the Group’s broader enterprise risk management and legal and ethical compliance programmes (including computerised information system controls and security) with the input of the external auditors and the internal audit department
- Reviewing and evaluating the Group’s major areas of financial risk and the steps taken to monitor and control such risk, as well as guidelines and policies governing risk assessment
- Monitoring and reviewing the external auditors’ independence, quality, adequacy and effectiveness, taking into consideration the requirements of all applicable laws in Switzerland and the UK, the listing requirements of the London Stock Exchange and Athens Stock Exchange and applicable professional standards
