The Audit Committee reported the outcome of each meeting to the Board of Directors. The minutes of each Audit Committee meeting were submitted to the Board of Directors. [...] The Committee also assessed in its quarterly meetings the adequacy and appropriateness of internal control policies and internal audit programs and their findings. [...] The Committee reviewed the report provided by the Group's compliance officer on the application of Corporate Governance and the Code of Conduct and shared with the Board. Regular updates on GDPR were provided by the Group's data protection officer."
"Sustainability at Barco is managed by a permanent Executive sustainability steering committee, which consists of one of our co-CEOs, the Chief HR officer, CFO, Senior Vice President of Operations and the group Sustainability Office. Depending on the topic, other executive members are invited (e.g., business unit heads, Senior Vice President Innovation, Chief Digital & Information Officer). Under the leadership of the group Sustainability Office, a network of sustainability workstream leads across Barco divisions always prepares the meeting topics based upon the local execution of the sustainability plans. Just like in 2022, the committee met six times in 2023. As part of our Sustainability efforts, both the Board of Directors and Audit Committee oversee the progress made towards the sustainability targets and our sustainability reporting. We thereby ensure that our sustainability reporting is subject to the same robust governance that applies to our financial reporting. In line with the upcoming CSRD requirements, both the Board and Audit Committee members were actively engaged in the double materiality assessment (impact assessment & financial assessment) and will be involved in the update of our sustainability strategy in 2024.