The Board is responsible for maintaining a sound system of internal control to safeguard shareholders’ investments and the Group’s assets. Such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives and can provide only reasonable and not absolute assurance against material mis-statement or loss.
Regenersis is committed to conducting its business responsibly and in accordance with all laws and regulations to which its business activities are subject. Employees are encouraged to raise concerns about fraud and other matters through a whistleblowing procedure. All such concerns will be reported to the Audit Committee, with a report of whether or not they have been found after investigation to be of substance.
Regenersis operates an internal audit function through a process of peer reviews which are then submitted to and discussed with the Audit Committee and external auditors. Development of the internal audit function will be reviewed as the Group develops.
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