Unico, a natural resource company in the precious metals mining sector, has announced the formation of an audit committee of the board of directors to enhance the quality and independence of the board’s oversight of the company’s financial affairs.
The audit committee’s primary function will be to oversee accounting, internal controls, and financial reporting processes, as well as to perform audits of the financial statements and other internal processes. Appointed for a one-year term as independent directors are Edward Winders; David Gillespie; and Ernest Kuhn, who will also serve as chairman of the audit committee for a one-year term.
