About
Mission
EIB Group
Strategy
Structure
Shareholders
Governance
Board of Governors
Board of Directors
The Management Committee
The Audit Committee
Control and Evaluation
Organisation Structure
Corporate Responsibility
Responsible reporting
Governance and accountability
Strategy and planning
Transparency
Access to documents
Data protection
Levels of control and evaluation
Management Control
External Monitoring
Risk Management
Inspectorate General
Fraud and Corruption
How to report fraud or corruption
Procurement and performance of contracts
Complaints mechanism
Reporting
European Ombudsman
Working with others
Civil Society
Contacts
Events
EIB-CSO joint initiatives
Corporate Policies
Other documents
Investment Projects
How to submit enquiries
Access to Environmental Information
Public consultations
Working with EU Institutions
MDB and IFIs
Universities
Acting responsibly
Operating practices
Value added
Environmental Sustainability
Development and cooperation policies
FEMIP Delevopments
ACP Developments
ALA Delevopments
Activities in the capital markets
Direct footprint
Environmental footprint
Internal procurement
Work and well-being
Partners
Civil Society
Contacts
Events
Annual CSO Briefings and Workshops
Informal specialist meetings
Participation in CSO events
EIB-CSO joint initiatives
IUCN
Transparency International
EITI
Subsidies
Corporate Policies
Transparency policy
Other documents
Agreements and MOUs
Background Documents
Investment Projects
How to submit enquiries
Access to Environmental Information
Public consultations
Relevant documents
EU Institutions
Banking Community
Multilateral Development Banks
EIB-Universities Research Action
EIBURS
Operation of EIBURS
EIBURS Procedures
Proposals for EIBURS
STAREBEI
Research Proposals and Selection
Operation of STAREBEI
Features of STAREBEI
Budget and Management Structure
EIB University Networks
Network Sponsoring Mechanism
Femise
Mediterranean Universities Union
Jobs
Professional and Managerial job vacancies
Administrative Assistance / clerical job vacancies
General Internships
FEMIP Internships
Recent graduates: take advantage of the EIB GRAD programme
Summer jobs for students
Selection Process
Working at the EIB
FAQ - Jobs
Key Figures
FAQ
FAQ - Jobs
FAQ - Structure and Organisation
FAQ - Transparency and Information
Contact

The Audit Committee

The Audit Committee is an independent body answerable directly to the Board of Governors and responsible for verifying that the operations of the Bank have been conducted and its books kept in a proper manner. At the time of approval of the financial statements by the Board of Directors, the Audit Committee issues its statements thereon. The reports of the Audit Committee on the results of its work during the preceding year are sent to the Board of Governors together with the annual report of the Board of Directors. The Audit Committee is composed of three members and three observers, appointed by the Governors for a term of office of three years.

As the Audit Committee is non-resident, members do not receive a remuneration from the Bank. For each meeting day of the Committee (normally ten per year) in which they participate Members and Observers of the Audit Committee receive an indemnity of EUR 1050. In addition the Bank pays a per diem of EUR 200 as a lump-sum reimbursement for hotel and related expenses to be covered by individual Committee Members and reimburses travel expenses.

Date of situation: 16/06/2009


Chairman

Ortwin KLAPPER
Ortwin KLAPPER

Members

Gerard SMYTH
Gerard SMYTH
Éric MATHAY
Éric MATHAY

Observers

José RODRIGUES DE JESUS
José RODRIGUES DE JESUS
Daniele NOUY
Daniele NOUY
Joseph G. GALEA
Joseph G. GALEA


 Print

Copyright © European Investment Bank 2010
The European Investment Bank is not responsible for the content of external internet sites.