The Audit Committee
The Audit Committee
The Audit Committee is an independent body answerable directly to the Board of Governors and responsible for verifying that the operations of the Bank have been conducted and its books kept in a proper manner. At the time of approval of the financial statements by the Board of Directors, the Audit Committee issues its statements thereon. The reports of the Audit Committee on the results of its work during the preceding year are sent to the Board of Governors together with the annual report of the Board of Directors. The Audit Committee is composed of six Members, appointed by the Board of Governors for a non-renewable term of office of six consecutive financial years.
Date of situation: 14/02/2013
Chairman
Members
Observers
Audit Committee Annual Reports for the year 2011
The Annual Reports were prepared by the Audit Committee of the Bank, an independent body of individuals appointed by, and reporting to, the Board of Governors. These reports are published in accordance with a decision of the EIB's Board of Governors on 15 May 2012.
Code of Conduct for the members of the Audit Committee of the EIB
The rules of conduct spelled out in this code are based on the principles enshrined in the Bank's Statute, its Rule of Procedure and subsequent texts governing Bank activity, as well as on other general pertinent principles, and have been inspired by the Codes of Conduct for the Managment Committee and for the staff of the Bank.
Audit Committee Charter
The objective of this Charter, issued by the Audit Committee in view of the relevant provisions of the Rules of Procedure, is to describe the function, objectives and responsibilities of the Audit Committee.
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