The Board of Directors of Lepidico (the Board), with the support of the Audit, Risk and Sustainability (ARS) Committee, is ultimately responsible for Lepidico's system of internal control, designed to identify, evaluate, manage, and provide reasonable assurance against material misstatement and loss. [...] The report development process was monitored by the ARS Committee, which reviewed and interrogated the assurance obtained from management, while fostering a strong ethical context and mechanisms to ensure compliance. Through the risk management process, approved by the Board, management identifies key risks (and opportunities) that face Lepidico, then recommends and implements the necessary internal mitigations and controls. [...] The Audit, Risk & Sustainability Committee's role is to assist the Board in in fulfilling its oversight, governance and due diligence responsibilities with respect to Audit, Risk and Sustainability including but not limited to: [...] Overseeing and approving risk management strategy and policies, internal compliance and internal control; and [...] The ARS Committee Charter, available on our website, defines the ARS Committee's function, composition, mode of operation, authority and responsibilities. The primary purpose of the Committee is to assist the Board in fulfilling its statutory and fiduciary responsibilities relating to: [...] Risk – the identification and management of business, economic, environmental and social sustainability risks; [...] Review - the review of the Company's risk management framework at least annually to satisfy itself that it continues to be sound and to determine whether there have been any changes in the material business risks the Company faces and to ensure that they remain within the risk appetite set by the Board.