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Metabasis Therapeutics (MBRX)
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MBRX » Topics » PURPOSE AND POLICY

This excerpt taken from the MBRX DEF 14A filed Apr 25, 2005.
PURPOSE AND POLICY

The primary purpose of the Audit Committee (the “Committee”) of Metabasis Therapeutics, Inc. (the “Company”) shall be to act on behalf of the Company’s Board of Directors (the “Board”) in fulfilling the Board’s oversight responsibilities with respect to the Company’s corporate accounting and financial reporting practices, the Company’s systems of internal accounting and financial controls, audits of the Company’s financial statements, the quality and integrity of the Company’s financial statements and reports, and the qualifications, independence and performance of the certified public accountants engaged as the Company’s independent outside auditors (the “Auditors”). The Committee shall also provide oversight assistance in connection with the Company’s legal and ethical compliance programs as established by management and the Board.

The policy of the Committee, in discharging these responsibilities, shall be to maintain and foster an open avenue of communication between the Committee, the Auditors and management.

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