The duties of the Finance Committee are to assist the Board of Directors in fulfilling its oversight responsibilities by reviewing and making recommendations with respect to:

1. The external auditor’s annual audit plan; 
2. The SFC’s accounting policies; 
3. The audit findings and the audited annual financial statements, advising the Board on their acceptance; 
4. The system of internal controls and management of financial risks; 
5. The appointment of external auditors and their fees; 
6. The ethical standards that management and the Board have established; 
7. The procedures in place to ensure compliance with legal and regulatory requirements; 
8. Quarterly reviews of finances in relation to Board approved annual budget; 
9. Such other matters as may be referred to the Finance Committee by the Board of Directors