Frequency Scheduled meetings At least Quarterly When Quarter Quarter Quarter Quarter annually 1 2 3 4 Understand 3 management remuneration structures and the drivers of bias Meet with the 3 'marzipan layer' (i.e. those below the executive tier) Review 3 reports from regulators and management's response External auditors Recommend 3 appointment and review performance Approve audit 3 fees and terms of engagement Consider 3 policy in relation to non-audit services Consider 3 hiring policy for former employees of the auditor Consider 3 objectivity/ independence and obtain confirmation from auditor Review audit 3 plan and scope of audit work Review external 3 audit findings
Frequency Scheduled meetings At least annually Quarterly When Quarter 1 Quarter 2 Quarter 3 Quarter 4 Understand management remuneration structures and the drivers of bias 3 Meet with the 'marzipan layer' (i.e. those below the executive tier) 3 Review reports from regulators and management's response 3 External auditors Recommend appointment and review performance 3 Approve audit fees and terms of engagement 3 Consider policy in relation to non-audit services 3 Consider hiring policy for former employees of the auditor 3 Consider objectivity/ independence and obtain confirmation from auditor 3 Review audit plan and scope of audit work 3 Review external audit findings 3