Risk and Audit Committee

The Risk and Audit Committee is a committee of the NSV Board that oversees the audit and risk functions of the Company. The 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.
  • Overseeing the activities of the Remuneration Committee.