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9

Audit Committee

The Audit Committee is elected annually and consists of three

commission members in addition to the chairman and the CEO as

ex- officio. The committee ensures the reliability and accuracy of the

PEILCC’s financial statements, helps co-ordinate and improve internal

control functions, and ensures the PEILCC adheres to sound corporate

governance principles.

Strategic Planning Committee

The Strategic Planning Committee is elected annually and consists of

three commission members in addition to the chairman and CEO as

ex-officio. The purpose of the committee is to review and evaluate the

corporate plans and to make any recommendations to the board in

relation to those plans that the committee considers appropriate.

PEILCC 2015-2016 Annual Report