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9

Prince Edward Island

Liquor Control Commission

Annual Report

2014-2015

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.