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HC-3.2.1

The Board should establish an audit committee of at least three directors of which the majority should be independent including the Chairman. The committee should:

(a) Review the company's accounting and financial practices;
(b) Review the integrity of the investment firm licensee'sG financial and internal controls and financial statements;
(c) Review the investment firm licensee'sG compliance with legal requirements;
(d) Recommend the appointment, compensation and oversight of the investment firm licensee'sG external auditor; and
(e) Recommend the appointment of the internal auditor (whether in-house or outsourced).
Amended: January 2013
January 2011
 Versions
(2 Versions)
 
Jan 1 2011 - Dec 31 2012Jan 1 2013 onwards
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