- Hubert Achermann, Chairman
- Gerold Bührer
- Roger Michaelis
The Audit Committee consists of three Board members. The Audit
Committee supports the Board of Directors in monitoring accounting and
inancial reporting, supervises internal and external audits, assesses
the eiciency of the internal audit system including risk management
and compliance with statutory provisions, acknowledges the sensitivity
analy sis of the pension funds of Georg Fischer Ltd, and issues its
opinions on transactions concerning equity and liabilities at Georg
Fischer Ltd. The Audit Committee also decides whether or not the
consolidated inancial statements and those of Georg Fischer Ltd can be
re commended to the Board of Directors for presentation to the Annual
As a rule, the Chairman of the Board, the CEO, the CFO, the Head of Internal Auditing, and representatives of the external auditor also attend the meetings. At the request of the Audit Committee the external auditor also provides information on current questions relating to the financial statements and financial issues.
During the business year just ended, the Audit Committee held seven meetings, three of which lasted half a day, and the other four lasted about two hours.