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Yancoal Australia ( (AU:YAL) ) has shared an update.
Yancoal Australia has formalised the charter of its Audit and Risk Management Committee, outlining its role in overseeing the integrity of the group’s financial and sustainability reporting, the effectiveness of internal controls and risk management systems, and the independence and performance of internal and external auditors. The committee is structured to consist entirely of non-executive directors, with a majority being independent and at least one possessing significant financial or accounting expertise, and is tasked with monitoring compliance with laws and exchange requirements, reviewing related-party transactions and CEO delegations, and acting as a key conduit between the Board, management and auditors on emerging financial, sustainability and risk issues, thereby strengthening governance and risk oversight for shareholders and regulators.
More about Yancoal Australia
Yancoal Australia is a publicly listed coal mining company operating in the resources sector, with its securities traded on the Australian Securities Exchange and the Hong Kong Stock Exchange. The company is subject to oversight by Australian regulators including ASIC and focuses on providing reliable financial and sustainability information to its majority shareholder and broader capital markets.
For detailed information about YAL stock, go to TipRanks’ Stock Analysis page.