This year we published our Board Best Practice Guide to the Audit Committee. The Audit Committee’s main rule is to hold management to account. It acts as an early warning system for the board and is independent of the Finance Director and CEO. As you know, this is the third line of defence: it provides “independent assurance, above all internal audit.” But what is best practice for the Audit Committee? Following the NEDonBoard event we hosted, here are three takeaways: With the exception of the financial industry, there is a great benefit to merging the Risk & Audit Committees. An
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