The Risk & Audit Committee is a subcommittee of MPC Container Ships’ Board of Directors and shall act as a preparatory and advisory body for the Board of Directors and support the Board of Directors in the exercise of its responsibility for financial reporting, internal control and risk management.
The composition of the Risk & Audit Committee shall satisfy the requirements of the Norwegian Public Limited Liability Companies Act. Each member shall be independent of MPC Container Ships’ management and shall collectively have the expertise required for the performance of the tasks assigned to the Risk & Audit Committee. At least one member shall have qualifications within auditing or accounting.