The Navigator Global Investments Limited Audit and Risk Committee (the Committee) is responsible for making recommendations to the Board of Navigator Global Investments Limited regarding the appointment, re-appointment or replacement of the external auditor. In making those recommendations, the Committee is authorised to conduct periodic reviews of the performance of the audit firm.
The Committee has delegated authority from the Board to approve the scope of work and fees of the external auditor.
The Committee also monitors the effectiveness, objectivity and independence of the external auditor. In respect of the independence of the external auditor, the following policies apply:
The policy on auditor independence applies to services supplied by the audit firm and their related firms to the Navigator Group and its related entities.
The lead audit partner and review partner of the external auditor must be rotated at least every five years. The previous lead audit partner and review partner is prohibited from reinvolvement in providing audit services for two years following rotation.