The Board of the Company (‘the Board’) had previously established a committee of the Board known as the Audit Committee at a meeting held on 12 May 2005, when terms of reference were formally agreed. The terms of reference for the Audit Committee were revised and approved by the Board on 22 July 2015.
At a meeting held on 14 December 2018, where the below Terms of Reference were approved, the Board resolved to change the name of the Audit Committee such that in the future it shall be known as the Audit and Risk Committee (‘the Committee’).