Audit Committee

The Audit Committee is chaired by an independent external director, with financial and accounting knowledge and is comprised of four non-executive Directors. This composition meets the requirements of the Bank of Jamaica’s Corporate Governance Standard and the Jamaica and Trinidad & Tobago Stock Exchange Listing Agreements.

 The Audit Committee assists the Board through its direct oversight for:

• The integrity of the financial statements;
• Ensuring compliance with obligations under applicable legal and regulatory requirements;
• The monitoring of the adequacy and effectiveness of the Group’s internal control system;
• The assessment of the effectiveness of the internal audit function including review of audit plans and subsequent reports;
• The monitoring and reviewing of the external auditor’s independence and effectiveness of the services provided.

In discharging its oversight role, the Committee is empowered to investigate any matter of interest or concern it deems appropriate and has authority to retain outside counsel or other experts for this purpose and has unrestricted access to employees, documents or other information.

Members of the Committee are:

Kelvin St. C. Roberts (Chairman)
Audrey Deer-Williams
C. Earl Samuels
Gregory B. Shirley

The Committee meets on a bi-monthly basis or more frequently, if circumstances so dictate.