Audit committee

The principal tasks of the audit committee are as follows:

• Discussion on the quarterly, half-yearly and annual figures
• Analysis of the annual accounts and statutory reports
• Discussion on the budgets
• Monitoring of the legal control of the (consolidated) annual accounts and analysis of the recommendations of the statutory auditor
• Analysis of the efficiency of the internal control mechanism and risk management of the company

The audit committee meets at least four times a year. The committee reports its conclusions and recommendations directly to the board of directors.

Composition of the audit committee

• Nick van Ommen, chairman
• Paul Christiaens
• Jean-Pierre Blumberg