The competence of the Audit Committee is prescribed by the applicable law (the Czech Act No. 93/2009 Coll., on Auditors, as amended). The Audit Committee, in particular:
a) monitors the effectiveness of the internal quality control and risk management systems and monitors the process of the preparation of financial statements and consolidated financial statements;
b) recommends to the Supervisory Board auditors to be appointed and assesses the independence of the statutory auditors and audit firms and discusses with auditors any threats to their independence and adopted safeguards;
c) submits to the Board of Directors or the Supervisory Body recommendations to ensure the integrity of the accounting and financial reporting and annual reports on the Audit Committeeʼs operations; and
d) exercises other powers pursuant to applicable Czech and European Union legislation.
Members of the Audit Committee:
1) Roland Ruprecht, born on 17 April 1963, residing at Eggweg 30, CH-3065 Bolligen, Switzerland (in the Audit Committee since 1 May 2021, Chairman of the Audit Committee from 28 May 2021).
2) Jan Hrazdira, born on 13 March 1974, residing at Terronská 656/45, Bubeneč, 160 00 Prague 6, Czech Republic (in the Audit Committee since 15 May 2020)
3) Zdenek Jurak, born on 26 July 1982, residing at Nuselská 1498/72, Nusle, 140 00 Prague 4, Czech Republic (in the Audit Committee since 15 May 2020)