The Board of Directors and the Audit Committee The Board of Directors and the Audit Committee are composed primarily of Directors who are neither management
nor employees of the Company. The Board is responsible for overseeing management in the performance of its
financial reporting responsibilities, and for approving the financial information presented. The Board fulfils these
responsibilities by reviewing the financial information prepared by management and discussing relevant matters
with management and the independent auditors. The Audit Committee has the responsibility of meeting with
management and the independent auditors to discuss the internal controls over the financial reporting process,
auditing matters and financial reporting issues. The Board is also responsible for recommending the appointment of
the Company’s external independent auditors.
The Company’s independent auditors audit the consolidated financial statements annually on behalf of the
Company’s shareholders. The Company’s independent auditors have full and free access to management and the
Audit Committee