The Astro Group has established an Audit, Risk & Compliance Committee for the purposes of:
- assisting the Board in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control relating to all matters affecting the Astro Group’s financial performance and the audit process relating to the Astro Group;
- implementing and supervising the Astro Group’s risk management framework;
- assisting the Board to discharge its responsibilities under the AJT Compliance Plan adopted by the Responsible Entity; and
- to monitor compliance with laws and regulations applicable to the Astro Group.
The Committee has adopted a Charter, a copy of which can be accessed by clicking here.
The Committee is comprised only of Independent Non-Executive Directors, namely Mr Douglas Clemson (Chairman), Ms Kate McCann and Mr Allan McDonald. All members possess the requisite financial expertise. The Committee meets as required but generally not less than four times per year. The Committee reports to the Board following each Committee meeting and makes recommendations that require Board approval or action.