Audit Committee

Our audit committee will consist of Yahui Zhou, Lori Wheeler Næss and Trond Riiber Knudsen, and will be chaired by Yahui Zhou. Lori Wheeler Næss and Trond Riiber Knudsen satisfy the “independence” requirements of Rule 5605(a)(2) of the Listing Rules of the NASDAQ Stock Market and meets the independence standards under Rule 10A-3 under the Exchange Act. Rule 10A-3 under the Exchange Act allows Yahui Zhou to serve on our audit committee for up to one year from the completion of this offering, after which our audit committee will consist solely of independent directors that satisfy the NASDAQ Global Select Market and SEC requirements. Our board of directors has also determined that Lori Wheeler Næss qualifies as an “audit committee financial expert” within the meaning of the SEC rules and possesses financial sophistication within the meaning of the Listing Rules of the NASDAQ Stock Market. The audit committee will oversee our accounting and financial reporting processes and the audits of the financial statements of our company. The audit committee will be responsible for, among other things:
 

  • selecting our independent registered public accounting firm and pre-approving all auditing and non-auditing services permitted to be performed by our independent registered public accounting firm;
  • reviewing with our independent registered public accounting firm any audit problems or difficulties and management’s response and approving all proposed related party transactions, as defined in Item 404 of Regulation S-K;
  • discussing the annual audited financial statements with management and our independent registered public accounting firm
  • periodically reviewing and reassessing the adequacy of our audit committee charter;
  • meeting periodically with the management and our internal auditor and our independent registered public accounting firm
  • reporting regularly to the full board of directors;​
  • reviewing the adequacy and effectiveness of our accounting and integral control policies and procedures and any steps taken to monitor and control major financial risk exposure; and
  • such other matters that are specifically delegated to our audit committee by our board of directors from time to time.
Yahui Zhou Lori Wheeler Næss Trond Riiber Knudsen
  • Member
  • Chair
  • Financial Expert
  • Independent Director
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