Risk and Audit Committee

The Risk and Audit Committee is comprised of the Chair of the Board and non-executive Independent Directors.

The primary objective of the Committee is to assist the Board in fulfilling its responsibilities by:

  • Overseeing the internal control functions of the Company and its corporate entities
  • Reviewing the relationship of those functions to external audit
  • Reviewing the financial statements and reports
  • Identifying the areas of risk affecting the Company and its corporate entities
  • Monitoring the Company’s development, implementation and audit of policies and practices in relation to risk
  • Monitoring compliance with law
  • Assisting the Company to identify and manage risks and opportunities in the commercialisation of intellectual property
  • Reviewing proposals for resource allocation and making recommendations to the Board

The Committee also oversees the activities of its subcommittee, the Remuneration Committee.

MEMBERSHIP

• Ms Jan West AM (Chair)

• Mr Bill Burdett AM

• Ms Debbie Beadle

• Mr Howard Ronaldson