No auditing committee has been established. The company’s Board of Directors includes several directors with years of extensive professional experience in accounting and audit issues and therefore no separate auditing committee is needed.
The Board’s work includes ongoing identification, assessment, and management of the essential risks faced by the Ortivus Group. The Board has formulated and approved a number of policies that serve as guidelines for corporate management to track and manage relevant risks. Once a year the company’s auditors personally report to the Board the results of the ongoing audit of operations within the Ortivus Group.