AEV BOARD AUDIT COMMITTEE SELF-ASSESSMENT FORM

BOARD AUDIT COMMITTEE SELF-ASSESSMENT FORM V2012
OVERALL LEVEL OF COMPLIANCE (Please encircle your rating)
The percentages (%) are there to give you a feel on the level of compliance of the committee to
global standards and practices.
RATING COMPLIANCE DESCRIPTION…
10 FULL (100%) The Audit Committee FULLY COMPLIES (100%) with all the
requirements set forth in its charter.
9 SUBSTANTIVE (96-99%) The Audit Committee SUBSTANTIALLY COMPLIES with the
requirements set forth in its charter. The Committee demonstrates
evidence that its members are meeting most of the requirements set
by global standards and practices. Only minor non-compliance issues
requiring, in the main, minor actions/ follow-ups.
8 SUBSTANTIVE (90-95%)
7 SUBSTANTIVE (85- 89%)
6 MODERATE (80-84%) The Audit Committee MODERATELY COMPLIES with the requirements
set forth in its charter. The Committee demonstrates evidence that
work is ONGOING to achieve compliance to the requirements set by
global standards and practices although some areas may be in the very
early stages of compliance.
5 MODERATE (70-79%)
4 MINIMAL
(60-69%)
3 MINIMAL (50-59%)
The Audit Committee has LOW COMPLIANCE with the requirements
set forth in its charter. The Committee demonstrates evidence that a
START has been made towards compliance in some of the requirements
set by global standards and practices.
2 NEGLIGIBLE (1-49%) The Audit Committee BARELY COMPLIES with the requirements set
forth in its charter. Almost nothing worthwhile has been done to
comply with requirements set by global standards and practices.
1 NONE (0%) The Audit Committee HAVE NOT COMPLIED with the requirements set
forth in its charter. Nothing has been done to comply with requirements
set by global standards and practices.
OTHER REMARKS/COMMENTS:
Signature: ___________________________
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