Company: GNMSF
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001558370-25-000846
Chunk: 115

Company: GENMAB A/S
Filing Date: 2025-02-12
Form: 20-F
Item: Item 6
Chunk 115
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 and any potential conflicts of interest, including by (a) ensuring receipt from the independent financial and sustainability auditors of a formal written statement delineating all relationships between the independent financial and sustainability auditors and the Company, (b) actively engaging in dialogue with the independent financial and sustainability auditors with respect to factors that may impact the independent financial and sustainability auditors’ objectivity and independence, and (c) taking, or recommending that the Board takes, appropriate action to oversee auditor independence;
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●   ensuring that significant adjustments, unadjusted differences, disagreements between management and the independent financial auditors and management responses thereto are discussed with the independent auditors and resolving disagreements between management and the independent auditors;
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90

●   assessing transactions between the Company and the Company’s related parties and, in respect of material related party transactions, submitting a recommendation for approval or non-approval of such transactions to the Board prior to their completion;
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●   overseeing the integrity of the Company’s IT systems, processes and data and periodically (but no less than annually), at its discretion, reviewing and assessing with Management (including the Head Internal Auditor and Chief Information Officer), the adequacy of security for the Company’s IT systems, processes and data and the Company’s contingency plans in the event of a breakdown or security breach affecting the Company’s IT systems, and data or the IT systems;
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●   overseeing compliance with legal and regulatory requirements in relation to financial and sustainability reporting and auditing and assurance regulation;
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●   authority to obtain advice and assistance from independent counsel and other advisors;
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●   obtaining appropriate funding, as determined by the Audit and Finance Committee, for compensation to the independent financial and sustainability auditors and to any advisors that the Audit and Finance Committee chooses to engage;
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●   monitoring the whistleblower function, including establishment of procedures for the receipt, retention and treatment of any complaints, including confidential anonymous submissions from our employees regarding accounting, auditing and internal control issues received through a formalized complaint process, as well as review of such complaints; and
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●   evaluating its own performance and the achievement of its duties on a regular basis, and annually reviewing and updating the Audit and Finance Committee charter and discussing any required changes thereto with the Board.
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The Audit and Finance Committee also performs such other functions and exercises such other powers as may