![]() ![]() In addition, we oversee the work and quality of the internal audit function. The AC also makes a recommendation to the Board on the appointment or reappointment of the external auditor. We are responsible for assessing the quality of the audit performed by, and the independence and objectivity of, the external auditor. The AC’s primary role is to assist the Board in fulfilling its oversight responsibilities in areas such as the integrity of financial reporting, the effectiveness of the risk management framework and system of internal controls as well as consideration of ethics and compliance matters. I also welcome Sir Charles Roxburgh, who has been appointed as a Non-executive Director of Shell plc, effective March 13, 2023 and will become a member of the AC as of the same date. I am also delighted to welcome new Committee member, Cyrus Taraporevala, who joined the AC on March 2, 2023. I begin this report by thanking Gerrit Zalm and Jane Holl Lute for their contributions as members of the Audit Committee (AC) since March 2017 and July 2021, respectively. I am pleased to present our Audit Committee Report for 2022. Gerrit Zalm retired from the Board and the AC with effect from May 24, 2022. Jane Holl Lute stepped down from the AC with effect from May 24, 2022. In addition to the six meetings, as part of its activities, the AC conducted two deep-dive sessions, a site visit to the London trading floor and members of the AC also visited Shell Recharge Fulham Road. Other regulatory and statutory information. ![]()
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