The role of the audit committee in corporate governance is integral for a board of directors, especially in protecting investors & health of capital markets
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An important skill for those who serve in the role of committee chair is effective planning, planning an agenda and sending it out to the committee members.
Nonprofit advisory boards support and advise boards. nonprofit boards have a reciprocal responsibility to monitor and support the work of advisory boards.
The main purpose of audit committees is oversight, especially during proxy season. They provide the second set of eyes that provide proper evaluation.