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Audit committee meeting

Internal Audit 784 views 1 replies

Hi members

I am in the process of drafting an audit committee charter and need the following clarificaiton:

Can an audit committee member nominate another audit committee member to attend audit committee meetings in his absence.  If yes, will he be counted to complete quorum and have the right to vote?

Appreciate the response with reference if possible.  thanks

Kind regards

Aamir

Replies (1)

I have no reference,but having dealt with such situations practically  I am answering .

Audit Committee(AC) can nominate some other person to attend,but it will not be counted for quorum.

I could not follow one Audit Committee member nominating another Audit Committee member to attend,since that member has to attend and vote in his capcity as a member and not twice(one on his own behalf and another on behalf of his colleague).

kkm


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