«INTERNAL AUDITORS AND AUDIT COMMITTEES» Key Elements for sound Corporate Governance

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1 INVITATION L INSTITUT LUXEMBOURGEOIS DES ADMINISTRATEURS AND THE INSTITUTE OF INTERNAL AUDITORS LUXEMBOURG are pleased to invite you to the following conference: «INTERNAL AUDITORS AND AUDIT COMMITTEES» Key Elements for sound Corporate Governance 10 OCTOBER PM 6.30PM Venue : BCEE 19 avenue de la Liberté (also known as the «Arbed building») Luxembourg

2 Program - Internal Auditors and Audit Committees Internal audit practitioners must vigilantly identify and respond to risks that face their organizations. IIA Global Chairman Angela Witzany will discuss her theme, Audit Never Sleeps, to highlight how internal auditors serve as trusted advisers and partners to boards, audit committees, and management, by providing round-the-clock assurance on the strategies and practices organizations adopt to address risks. Mrs. Witzany advocates for internal auditors to: Communicate well Adopt an integrated mindset Operate transparently and ethically Think strategically. When internal auditors focus on these activities, they strengthen stakeholders trust in internal audit s work, which provides assurance everywhere, all the time so the organization can better meet the challenges of a dynamic and complex business environment. Mr John Li, as the Chairman of an Audit Committee, will share his views on the evolving role of the Audit Committee and its relationship with the Internal Audit function of the Company. Mr Li advocates sound governance of the Audit Committee s composition and functioning and well-defined relationship with the Internal auditors. 4.45pm 5.00pm 5.15pm 6.00pm 6.20pm 6.30pm Registration & welcome Introduction, Norman Finster, chairman of IIA Luxembourg Presentation, Angela Witzany Audit Never Sleeps Presentation, John Li View of the Audit Committee member Q&A session with the audience Closing remarks, Norman Finster, chairman of IIA Luxembourg Followed by a networking cocktail

3 Our Speakers Angela Witzany Angela Witzany, CIA, QIAL, CRMA, Chairman of The IIA s Global Board and head of internal audit for Sparkassen Versicherung AG Vienna Insurance Group, the leading life insurance provider in Austria. Witzany has an impressive record of volunteer service with The IIA, including numerous leadership roles over the past nine years. She has served as chairman and senior vice chairman of the board for IIA-Austria, and is leading the permanent working group of private insurance companies as a contributor to numerous internal audit guidelines, model audit charters, and audit engagement programs. In Europe, she served as a board member of the European Confederation of Institutes of Internal Auditing (ECIIA) and completed her term as vice president in A member of The IIA s Global Board of Directors since 2013, Witzany served most recently as senior vice chairman, as well as chairman of the Finance Committee and chairman of the Professional Guidance Advisory Council. She was also a member of the Professional Certifications Board. Witzany has been an internal auditor in the insurance sector since 1997, when she developed Sparkassen Versicherung s new internal audit function. She has served there as head of internal audit since 2001, and now has responsibility for internal audit activities in Austria and Central Eastern Europe. Further, Witzany serves as the Austrian Insurance Association s vice president of the Committee of Internal Audit and Control. She has been an active member of that organization since Witzany earned her master s degree in commercial science at Vienna University of Economics and Business, and is a certified accountant. She is a frequent speaker and moderator at internal audit conferences and has written about internal audit-related topics for a number of publications. She is a lecturer and trainer on internal auditing in the insurance industry at an Austrian university, Johannes Kepler University Linz. For her term as The IIA s global chairman , Witzany chose Audit Never Sleeps as her theme. Internal auditors have sought to add value to their organizations by working tirelessly and passionately to meet the evolving expectations of stakeholders, and to become trusted advisers and partners to boards, audit committees, and management, Witzany says. In her travels to institutes, chapters, and other organizations around the world, Witzany plans to share her message that internal auditors must be credible, reliable, and have strong relationships in place to ensure their organizations are well-positioned to meet the challenges of a dynamic and complex business environment. Further, she will draw on her own experiences and challenges to encourage others to use an integrated way of thinking so that their work will help to ensure organizational success.

4 John Li Independent Director John is a Partner of The Directors Office, the leading practice of independent Directors in Luxembourg since November John trained and qualified as a Chartered accountant in the UK. He moved to Luxembourg in During the last 30 years John Li worked essentially in the Financial sector auditing and advising clients such as Banks, Investment Funds, Insurance companies, etc. Clients also were from Europe, US, Japan and Asia offering John an extensive experience in dealing with international companies. He now serves on the Board of a number of financial institutions, essentially investment funds. John Li was a Partner at KPMG Luxembourg for more than 20 years during which he was Managing Partner for 8 years ( ) before taking on the role of Chairman of the Supervisory Board for 3 years ( ). He was also a member of the Leadership team of the Global Investment Management Practice in KPMG.

5 PRACTICAL INFORMATION Registration fee: members: free of charge Non-members: Online registration is open on the website: A confirmation will be sent to the registrants, payment before the conference is a condition for participation. Payment instructions for non-members Payment by bank transfer before 6 October to the following account number: Bank: BGL BNP PARIBAS Account holder: Institut Luxembourgeois des Administrateurs Account number: LU BIC/Swift: Code :BGLLLULL Reference: Conference , date and your name. This conference is providing credits of 1,5 hours in the context of the CPD Program for Certified Directors. We remain available in case of questions, feel free to contact us: events@ila.lu Please feel free to forward this invitation to colleagues & friends who may not have received this mailing. They are welcome to attend this event.