NYSE Listed Company Manual Section 303A.07

Key Requirements:

Listed companies must:

• Maintain an audit committee consisting of at least three independent directors.
• Ensure all audit committee members are financially literate, and at least one member has accounting or related financial management expertise.
• Adopt a written audit committee charter outlining the committee’s responsibilities and annual self-evaluation process.
• Provide audit committee oversight of financial reporting, legal and regulatory compliance, auditor independence, and the internal audit function.
• Have the audit committee review financial statements, earnings releases, risk management policies, and significant accounting or audit issues.
• Maintain an internal audit function and publicly disclose the audit committee charter.