JKU GmbH

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Strategic Consulting

Self Assessment Board and Audit Committee

Essentials: The more "Yes" the more effective the Board is acting probably:

  1. At least one of the member of the A.C. is an financial expert.
  2. At least one of member of A.C. is an expert of the business the company deals in.
  3. The amount of independent members of the A.C. is the majority.
  4. There is an cooling-off period of at least 2 years before entering the A.C. after resigning a management job in the company.
  5. All respective regulatory issues are dealt with once a year at least.
  6. Remuneration of Board and A.C. comply with legal requirements and internal rules, and are comparable to those positions in industry.
  7. Collaboration of the A.C. and the External Auditor is done respectful and in full trust.
  8. ...

Consulting issues: Fees are decreasing with increasing "Yes":

  1. Terms of reference are existing for Board, A. C., Internal Audit and RMS.
  2. The important legal requirements are known.
  3. Personal pride is not an issue as we always act with professioanl proficiency.
  4. All members of the A. C. approved by the self evaluation of the A. C.
  5. ...