Instruksjoner

Classification: Open
MEETINGS AND ATTENDANCE
The committee chair will collaborate with the CAE and senior management to establish a work plan
and agenda for the committee meetings to ensure that the responsibilities of the committee are
scheduled and will be carried out.
The committee will meet as often as it deems necessary, and normally five to seven times every
year. Unless otherwise agreed, notice of each meeting confirming the venue, time and date shall
be forwarded to each committee member and to other attendees (as appropriate) in advance of
each scheduled meeting date, together with an agenda and supporting papers.
The CEO and members of the board are entitled to attend the meetings of the committee.
However, the committee may meet without management present as it deems appropriate.
The CAE will attend the committee meetings. The chief financial officer (CFO) will be
management’s main representative in relation to the committee. Equinor’s CFO, General Counsel
and the SVP for Accounting and Financial Compliance may participate in the committee meetings.
The external auditors will attend the committee meetings, except when matters pertaining to the
role and tasks of the external auditors are being addressed.
If necessary, the committee will schedule and hold a private session with the CEO, the CFO, the
CAE, and any other officials that the committee may deem appropriate at each of its meetings. The
committee will meet with the external auditors without management present at such times as it
deems appropriate but at least annually.
The committee secretary shall minute the proceedings and resolutions of all meetings of the
committee. The minutes will state the time and venue of the meeting, a list of persons attending the
meeting, agenda items, a summary of matters discussed, and any important accounting and
internal control matters questioned in the meeting. The minutes shall be signed by those members
of the committee attending the meeting.
DUTIES
1. Risk management systems and practices, and internal controls (internal control over
financial reporting is covered under “Financial reporting” below)
The committee shall:
1.1 Review the policies and processes with respect to risk management and internal
control.
1.2 Monitor the effectiveness of the company’s risk management and internal control
system, including in relation to material disputes, compliance, tax and information
technology matters, make such recommendations to the board as the committee
considers desirable and review the statements to be included in the annual reports
concerning risk management and internal control.
2. Financial reporting
The committee shall: