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Kuwait Energy
Kuwait Energy Plc, Queensway House, Hilgrove Street, St Helier, Jersey JEI 1ES, Channel Islands
(A)
Operational
Geology and reserves
New projects
Prices and demand
(B)
Financial and tax
(C)
Information and communication
(D)
Licences
(E)
Human resources
(F)
Legal and regulatory
(G)
Health, safety and environmental
(H)
Insurance
(I)
Political;
(ii)
to ensure that key risk areas identified are incorporated into the internal audit plan;
(iii)
to consider whether appropriate measures have been taken with regard to
computerised information system controls and security and contingency plans for
processing financial information in the event of a system breakdown;
(iv)
to review the group’s procedures for detecting and preventing fraud and receive
reports on non-compliance;
(v)
to review the group’s systems and controls for the detection and prevention of
bribery and receive reports on non-compliance;
(vi)
to review the adequacy and effectiveness of the group’s anti-money laundering
systems and controls;
(vii)
to review the adequacy and effectiveness of the group’s compliance function
including with respect to legal compliance, conflicts of interest and ethical conduct;
(viii)
to consider the major findings of internal investigations and management’s response;
and
(ix)
to consider whether the management has implemented recommendations made by
the Committee and by internal and external auditors.
(f)
Whistleblowing
The Committee shall review the adequacy and security of the Group’s arrangements by
which staff and contractors may, in confidence, raise concerns about possible improprieties
in matters of financial reporting or other matters, so as to ensure that arrangements are in