The Audit Committee advises the Board on accounting, audit and internal control matters, and shall in particular:

  • monitor the financial reporting process;
  • monitor the effectiveness of the Company’s internal control and risk management systems;
  • monitor the internal audit and its effectiveness;
  • monitor the statutory audit (contrôle legal/wettelijke controle) of the annual and consolidated accounts, including any follow-up on any questions and recommendations made by the external auditor;
  • present recommendations to the Board with respect to the appointment of the statutory auditor; and
  • review and monitor the independence of the external auditor, in particular regarding the provision of additional services to the Company.

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