The role and responsibilities of the Audit Committee
The Audit Committee assists the Supervisory Board in overseeing the quality and integrity of the accounting, reporting, risk management and internal control practices of the company, as well as the company’s compliance with legal and regulatory requirements, the performance of the Internal Audit function and the qualifications, performance and independence of the external auditor.
The Audit Committee has a role in assessing the quality and integrity of reporting on sustainability performance and takes an active role in reviewing the company’s sustainability performance data.
The Audit Committee also handles and records audits and investigations in the event of any complaints about financial reporting, internal risk management or control systems and misconduct reported via AkzoNobel’s SpeakUp! policy.