• Font Size:
  • S
  • M
  • L

Article NO. Content

Title:

Regulations Governing the Exercise of Powers by Audit Committees of Public Companies  CH

Amended Date: 2024.01.11 
Article 5 The provisions of the Act, the Company Act, and any other law regarding supervisors shall apply mutatis mutandis to the audit committee.<br/>The provisions of Article 14-4, paragraph 4, of the Act concerning provisions of the Company Act that involve the powers of supervisors shall apply mutatis mutandis to the independent director members on the audit committee.<br/>Resolutions of the audit committee shall be adopted with the approval of one-half or more of the entire membership of the audit committee. The committee convenor shall represent the audit committee to the public.<br/>Persons to represent the company in matters under Articles 213, 214, and 223 of the Company Act shall be selected by the audit committee by the procedure set out in the preceding paragraph. The audit committee may resolve for members to individually represent or jointly represent the company in such matters. If representatives are not selected by the procedure in the preceding paragraph, the entire membership shall jointly represent the company.<br/>The term "entire membership" as used in these Regulations shall be calculated as the number of members actually in office.