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Upload to Online Storage Audit Committee Charter

Upload to Online Storage Audit Committee Charter

Aug 6th, 2022

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How to Upload to Online Storage Audit Committee Charter

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In this video, the composition and role of the Audit Committee within a corporation are discussed. The Audit Committee is a subset of the Board of Directors, which is elected by shareholders to oversee the company's operations, including the hiring and firing of the CEO. The Board of Directors establishes various committees, such as the compensation and governance committees, with the Audit Committee being one of them. For example, if there are seven members on the Board, the Audit Committee may consist of three of those members. The role of the Audit Committee includes overseeing financial reporting, compliance, and risk management, ensuring accountability within the company's operations.

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