This excerpt taken from the ORGN DEF 14A filed May 19, 2006.
REPORT OF THE AUDIT COMMITTEE
The Board maintains an Audit Committee comprised of three of Origens directors. The directors who serve on the Audit Committee are all independent for purposes of applicable Nasdaq Stock Market rules and applicable Exchange Act rules. The Audit Committee held seven formal meetings and several informal meetings during the 2005 fiscal year.
In accordance with its written charter, the Audit Committee assists the Board with fulfilling its oversight responsibility regarding the quality and integrity of the accounting, auditing and financial reporting practices of Origen. In discharging its oversight responsibilities regarding the audit process, the Audit Committee:
Based upon the review and discussions referred to above, the Audit Committee recommended to the Board that the audited financial statements be included in Origens Annual report on Form 10-K, as filed with the Securities and Exchange Commission on March 16, 2006.
The Audit Committee has considered and determined that the level of fees of Grant Thornton LLPs for provision of services other than the audit services is compatible with maintaining the auditors independence.
Members of the Audit Committee:
Richard H. Rogel
Paul A. Halpern
James A. Williams
Michael J. Wechsler