Wellcom_FY11-Financial-Report

5 wellcom group limited corporate governance

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Unformatted text preview: week period following the release of the half-yearly or annual financial statements to the market. 5 Wellcom Group Limited Corporate Governance Statement Principle 4: Safeguard integrity in financial reporting Audit Committee For personal use only The board has established an Audit Committee, which operates under a charter adopted by the board, which is available on the Company’s website. It is the board’s responsibility to ensure that an effective internal framework exists within the entity, including internal controls to deal with the safeguarding of assets, efficient and effective significant business processes, maintenance of proper accounting records and the reliability of financial information, together with non-financial considerations such as the benchmarking of operational key performance indicators. The board has delegated the responsibility for establishing and maintaining a framework of internal control and ethical standards to the Audit Committee. The Audit Committee was in place for the entire financial period ref...
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This document was uploaded on 02/06/2014.

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