Establishment of an Audit Committee - Proposal by the Working Group on the Implementation of an Audit Committee at CERN

At its Two-hundred-and-fifty-second Meeting on 20 June 2002, the Committee of Council decided to set up a Working Group on the implementation of an Audit Committee at CERN, under the chairmanship of Professor I. Halliday. The composition of the Working Group, which was agreed at the same meeting, is given in Annex 3 of this document. Its mandate was to submit a proposal for the terms of reference of such Committee, including its composition. The Working Group has held three meetings, on 15 July, 10 September and 24 October 2002. Preliminary ideas for the terms of reference were elaborated by the Working Group and discussed by Finance Committee and Committee of Council at their respective meetings of 18 and 19 September 2002.