Audit Committee
Saga Capital's Audit Committee is selected by the Board of Saga and is regarded as a subcommittee. It sits in accordance with the Annual Financial Statements Act No. 3/2006, and delivers reports on its work to the Board at least once a year.Saga Capital's Audit Committee is a monitoring body whose purpose is to ensure the reliability and transparency of annual financial statements and other financial data issued by the company. The committee verifies that the information provided to the Board relating to the operation, standing and future prospects of Saga Capital is as reliable as possible and provides as clear a view as possible of the company’s position at that time. Investors and other stakeholders can thus depend on the quality of the company’s financial information and the work of its auditors.
Tasks of the Audit Committee:
- Monitor working processes in the preparation of financial statements
- Monitor the arrangement and activities of internal surveillance units, internal auditing and risk management
- Monitor audits of the company's annual and consolidated accounts
- Assess the independence of auditors or auditing firms and monitor any other work performed by the auditor or auditing firm
- Submit proposals to the Board regarding the selection of auditors and auditing forms
- Gunnar Thor Gislason, Chairman of the Board of Directors of Saga Capital
- Agust Egilsson
- Arnar Johannesson
