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20 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2021 CORPORATE GOVERNANCE Director Orientation and DevelopmentUpon joining the Board, new directors participate in the Director Orientation programme, which provides them with a formal introduction to the Company and its businesses through meetings with key persons, provision of relevant documentation, and training. Audit CommitteeThe Audit Committee maintains oversight on the quality and integrity of financial statements of the Company, including the effectiveness of the internal controls and ensure that audited financial statements are presented annually.The Audit Committee is comprised of 3 independent Non-Executive Directors.Members:Jeremy Matouk (Chairman)Peter ClarkeSharon Christopher The Committee%u2019s primary responsibilities are as follows:Financial Reporting %u2022 Review significant accounting and reporting issues, including complex or unusual transactions and highly judgmental areas, and recent professional and regulatory pronouncements, and understand their impact on the financial statements.%u2022 Review with Management and the Internal and External Auditors the results of the audit, including any difficulties encountered.%u2022 Review the annual financial statements, and consider whether they are complete, consistent with information known to Committee Members, and reflect appropriate accounting principles.%u2022 Review other sections of the annual report and related regulatory filings before release and consider the accuracy and completeness of the information.%u2022 Review with Management and the Internal and External Auditors all matters required to be communicated to the Committee under generally accepted auditing standards.%u2022 Understand how Management develops interim financial information, and the nature and extent of Internal and External Auditor involvement.%u2022 Review interim financial reports with Management and the Internal and External Auditors, before filing with Regulators, and consider whether they are complete and consistent with the information known to Committee members.(Continued)