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Autoneum Annual Report 2015
Corporate Governance
Audit fees and additional fees
KPMG and other auditors charged Autoneum
Holding Ltd approximately CHF 1.1 million in
the financial year 2015 for services in connec-
tion with auditing the annual financial state-
ments of the Group companies, the consolidated
Autoneum Group accounts and the Remunera-
tion report. KPMG and other auditors also charged
Autoneum approximately CHF 0.5 million for
additional services in the year under review,
mainly for tax advisory services.
Information instruments of the
external auditors
The external auditor informs the Audit Com
mittee in writing and verbally at every meeting
about relevant auditing activities and other
important facts and figures related to the
company. Representatives of the external and
internal auditors attend Audit Committee
meetings to explain their activities and answer
questions. The statutory auditors have access
to the minutes of the meetings of the Board of
Directors.
The Audit Committee of the Board of Directors
makes an annual assessment of the performance,
fees and independence of the statutory and
Group auditors. It submits a proposal to the
Board of Directors regarding who should be
proposed for election as statutory auditors at the
General Meeting. In addition, the Audit Com
mittee reviews the scope of external auditing,
the auditing plans and relevant procedures
annually, and discusses auditing results with the
external auditors in each case.
9 Information policy
Autoneum maintains regular, open communica-
tion with all stakeholders and relevant parties,
in particular with investors, financial analysts
and representatives of banks and the media.
Communication takes place through the Annual
Report and Semi-Annual Report, the Annual
General Meeting and at least one media and
financial analysts conference each year.
Reporting on the financial year 2015
includes the Annual Report with review of the
year, the annual and consolidated financial
statements, the Corporate Governance report
and Remuneration report, a media release
as well as a presentation. The Annual Report
can be ordered by shareholders using the
form enclosed with the invitation to the Gener-
al Meeting. It is also available for perusal at
company headquarters no later than 20 days
prior to the General Meeting. At the Annual
General Meeting, the Board of Directors and
the Group Executive Board provide informa-
tion on the annual accounts and the course of
company business and answer shareholders’
questions.
Representatives of
the external and internal
auditors attend Audit
Committee meetings.