Following the successful completion of the reorganization transaction on February 13, 2020, the only Power Financial Board committee that remains in force is the Audit Committee.
You will find below information on the composition of the Audit Committee, a brief summary of its mandate, as well as a copy of the committee's charter.
The primary mandate of the Audit Committee is to review the financial statements of the Corporation and public disclosure documents containing financial information and to report on such review to the Board, to be satisfied that adequate procedures are in place for the review of the Corporation’s public disclosure documents that contain financial information, to oversee the work and review the independence of the external auditors, and to review any evaluation of the Corporation’s internal control over financial reporting. The Audit Committee is also responsible for monitoring the implementation of, and compliance with, the Corporation’s Global Anti-Bribery Policy. In performing its duties and exercising its powers, the Audit Committee considers and addresses the risks related to the establishment, maintenance and implementation of disclosure controls and procedures and internal control over financial reporting and the risks related to cyber security that would reasonably be expected to have a material effect on the Corporation.