Committees
Audit Committee
Our Audit Committee was established on May 31, 2006 pursuant to our Audit Committee Charter.The Audit Committee’s purpose is to:
- be directly responsible for the appointment, compensation and oversight of the independent auditor, which shall report directly to the Audit Committee, including resolution of disagreements between management and auditors regarding financial reporting for the purpose of preparing or issuing an audit report or related work;
- oversee management’s preparation of the Company’s financial statements and management’s conduct regarding the accounting and financial reporting processes;
- oversee management’s maintenance of internal controls and procedures for financial reporting;
- oversee the Company’s compliance with applicable legal and regulatory requirements, including without limitation, those requirements relating to financial controls and reporting;
- oversee the independent auditor’s qualifications and independence;
- oversee the performance of the independent auditors, including the annual independent audit of the Company’s financial statements;
- prepare the report required by the rules of the SEC to be included in the Company’s proxy statement; and
- discharge such duties and responsibilities as may be required of the Audit Committee by the provisions of applicable law or rule or regulation of the American Stock Exchange and the Sarbanes-Oxley Act of 2002.