Strengthening integrity, oversight, and responsible governance.
The Audit & Risk Committee plays a central role in ensuring that Celero operates with transparency, accountability, and strong financial discipline. Independent in its judgment and rigorous in its oversight, the Committee supports the Board by monitoring financial reporting, internal controls, risk management, and compliance across the organisation.
Purpose of the Committee
The Committee helps the Board safeguard Celero’s long-term sustainability by overseeing:
- The accuracy and integrity of financial statements
- The effectiveness of internal controls
- The strength of the risk management framework
- The performance and independence of internal and external auditors
- Compliance with laws, regulations, governance codes, and internal policies
Committee Composition
The Audit & Risk Committee is composed primarily of independent, non-executive directors, ensuring impartial oversight. Key requirements include:
- Minimum 3 Board members
- Majority independent or non-executive
- Chairperson must be an Independent Non-Executive Director
- Members must be financially literate, with at least two having accounting or financial expertise
- The CEO cannot be a member or Chairperson of the Committee
Key Responsibilities
1. Financial Reporting Oversight The Committee ensures Celero’s financial disclosures are fair, transparent and compliant with all accounting standards. Responsibilities include reviewing financial statements, challenging accounting assumptions, and monitoring capital adequacy.
2. Internal Controls & Risk Management The Committee evaluates the systems that protect the company’s assets. It oversees the risk management framework, monitors major risk exposures (financial, operational, IT, etc.), and reviews business continuity plans.
3. Internal Audit Oversight The Committee ensures the internal audit function is independent and effective by approving annual plans, reviewing reports, and ensuring auditors have unrestricted access to necessary records.
4. External Audit Oversight The Committee safeguards audit quality by recommending auditor appointments, reviewing audit scope, and meeting with auditors privately to ensure ethical conduct and independence.
5. Compliance, Whistleblowing & Fraud Prevention The Committee maintains a culture of integrity by overseeing compliance, reviewing responses to misconduct, and ensuring effective whistleblowing channels for confidential reporting.
Our Commitment
Celero’s Audit & Risk Committee ensures that the company remains resilient, compliant and well-protected against financial, operational, and strategic risks. Its independent oversight strengthens trust among shareholders, customers, partners and employees.