Audit Committee

This Committee comprises three or more External Directors as determined by the Board and is chaired by an External Director. It has direct oversight for:

• the integrity of CCFG’s financial statements;
• CCFG’s compliance with applicable legal and regulatory requirements;
• the performance of CCFG’s independent auditor and internal audit department, and
• the independent auditor’s qualifications and independence.

The Committee keeps the Board informed by submitting monthly reports for review and reporting on exceptions to the Group’s documented policies and procedures. It meets monthly, or more frequently, as circumstances dictate. In discharging its oversight role, the Committee is empowered to study or investigate any matter of interest or concern it deems appropriate; has independent authority to retain Outside Counsel or other experts for this purpose and unrestricted access to the Group’s employees, documents and other information.