Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 210

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 210
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 internal auditors, and the Board of Directors.

The Audit Committee operates under a charter that complies with Nasdaq rules and is responsible for:

• Appointment and Oversight of Auditors: Appointing, compensating. retaining, terminating, and overseeing any auditor or accounting firm engaged for audit, review, or attest services.

• Pre-Approval of Services: Pre-approving audit and non-audit services provided by the independent auditor before engagement.

• Audit Review: Reviewing and discussing with the independent auditor their responsibilities under generally accepted auditing standards, the planned scope and timing of the annual audit, and significant findings and any problems or difficulties encountered, including restrictions on scope or access to information, and significant disagreements with management.

• Independence Review: Obtaining and reviewing a report from the independent auditor describing all relationships between the auditor and the Company, consistent with PCAOB requirements regarding auditor communications with the Audit Committee concerning independence.

• Audit Partner Rotation: Confirming and evaluating the rotation of audit partners on the audit engagement team as required by law.

• Financial Reporting Issues: Reviewing significant financial reporting issues and judgments made in connection with the preparation of financial statements, including analyses of the effects of alternative IFRS methods; and other critical accounting policies and practices;

• Internal Controls: Reviewing the Company's disclosure controls and procedures and internal control over financial reporting in conjunction with management, independent auditors, and internal auditors.

• Complaint Procedures: Establishing procedures for the receipt, retention and treatment of complaints regarding accounting, internal accounting controls, or auditing matters, and the confidential, anonymous submission by employees of concerns regarding questionable accounting or auditing matters; and

• Related Party Transactions: Approving or ratifying any related party transactions in accordance with the Company's related party transaction policy.

The Audit Committee reports to the Board of directors and meets as often as it determines appropriate to carry out its responsibilities under its charter, but not less frequently than quarterly.

  Patria Investments Limited      137  

  Table of Contents  

D. Employees

As of December 31, 2024, 2023 and 2022, we had 577, 430 and 385 employees, respectively. As of December 31, 2024, 241 of these employees were investment professionals. The table below breaks down our full-time personnel by function as of December 31, 2024:

                  As of December 31,             
                                2024             
  Function                 Number of       % of  
                           Employees      Total  
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