RWS AR 23 Final Single pages - Flipbook - Page 82
Audit Committee Report
Dear Shareholder
MEMBERSHIP AND ATTENDANCE
The Audit Committee continues to support
the business in achieving its business and
strategic objectives, see pages 12 to 15 of
this Annual Report and Accounts. During
FY23, the Committee has supported
the Board on a number of signi昀椀cant
governance matters relating to 昀椀nancial
reporting and internal control.
Committee members are independent Non-executive
Directors of the Company, with diverse skills and
experience. The Committee has competence relevant to
the sector and David Clayton, Julie Southern and I have
recent and relevant 昀椀nancial experience, as required by
the provisions of the QCA Code.
The Committee has looked at upcoming
regulatory changes and considered
economic risks including interest rates
and foreign exchange to help monitor
the Group’s risk exposures in the current
environment. Further information on risk
can be found on pages 44 to 47.
The Company Secretary is secretary to the Committee.
All Committee members have signi昀椀cant executive
experience in various industries. This range and depth of
昀椀nancial and commercial experience enables them to deal
e昀昀ectively with the matters they are required to address
and to challenge management when necessary.
The Board evaluates the membership of the Committee
on an annual basis. During the year, the Committee has
met 昀椀ve times and members attended all meetings that
they were eligible to attend. There were 昀椀ve meetings
held in 2022.
Only the members of the Committee have the right
to attend Committee meetings, however the CFO,
CEO, senior representatives of the external auditor,
other external advisors and other senior management
may attend meetings by invitation. If the presence of
any attendee is inappropriate or might compromise
discussion, then the Committee would either not invite
the attendee concerned or request that they not attend
that part of the meeting. Separate sessions with external
auditors are held in the absence of management.
Gordon Stuart
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RWS Holdings plc — Annual Report 2023 GOVERNANCE REPORT
