Audit committees should make sure they have the right composition to manage the complexity of their role. To be most effective, audit committees should periodically reassess the optimal mix of committee members, taking into account regulations and requirements; changes in the business; and the skills, experiences, diversity, time commitments, tenure, and rotation of its members. This edition of the brief reviews composition requirements and provides some leading practices in this area.
From Deloitte, Corporate Governance Monthly
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