Director of Internal Audit. The responsibilities of Director of Internal Audit in support of the DBE Program include:
Director of Internal Audit. Authority contact person responsible for notifying Company regarding required Services and Company’s primary contact for all Services under this Contract.
Director of Internal Audit. The Director of Internal Audit conducts separate audits, both procedural and financial, of each department to ensure compliance with all gaming, accounting, and corporate regulations. He/she offers recommendations via formal reports for improvement or correction of each infraction and conducts follow-up audits to confirm compliance.
Director of Internal Audit. At the time these reports are presented, the Janus Board or the committee receiving the report will, as it deems necessary, invite the presenter to participate in an executive session to discuss matters outside the presence of any other officers or representatives of the Janus Adviser or its affiliates. The Janus Board also receives reports from other entities and individuals unaffiliated with the Janus Adviser, including reports from the Janus Target’s other service providers and from independent consultants hired by the Janus Board. Various Board committees also will consider particular risk items as the committee addresses items and issues specific to the jurisdiction of that committee. For example, the Pricing Committee will consider valuation risk as part of its regular oversight responsibilities, and similarly, the Brokerage Committee will consider counterparty risk associated with the Janus Target’s portfolio transactions. The Board also may be apprised of particular risk management matters in connection with its general oversight and approval of various Janus Target matters brought before the Board. The Janus Board has appointed a Chief Compliance Officer for the Janus Target (“Janus Target CCO”) who (1) reports directly to the Janus Board and (2) provides a comprehensive written report annually and presents quarterly at the Janus Board’s regular meetings. The Janus Target CCO, who also serves as the Janus Adviser’s Chief Compliance Officer, discusses relevant risk issues that may impact the Janus Target and/or the Janus Adviser’s services to the Janus Target, and routinely meets with the Janus Board in private without representatives of the Janus Adviser or its affiliates present. The Janus Target CCO also provides the Janus Board with updates on the application of the Janus Target’s compliance policies and procedures, including how these procedures are designed to mitigate risk and what, if any, changes have been made to enhance the procedures. The Janus Target CCO may also report to the Janus Board on an ad hoc basis in the event that he identifies issues associated with the Janus Target’s compliance policies and procedures that could expose the Janus Target to additional risk or adversely impact the ability of the Janus Adviser to provide services to the Janus Target. The Janus Board believes that its leadership structure permits it to effectively discharge its oversight responsibilities with respect to the Janus Target’s risk management proces...
Director of Internal Audit. At the time these reports are presented, the Board or the committee receiving the report will, as it deems necessary, invite the presenter to participate in an executive session to discuss matters outside the presence of any other officers or representatives of Janus Capital or its affiliates. The Board also receives reports from other entities and individuals unaffiliated with Janus Capital, including reports from the Funds’ other service providers and from independent consultants hired by the Board. Various Board committees also will consider particular risk items as the committee addresses items and issues specific to the jurisdiction of that committee. For example, the Pricing Committee will consider valuation risk as part of its regular oversight responsibilities, and similarly, the Brokerage Committee will consider counterparty risk associated with the Funds’ portfolio transactions. The Board also may be apprised of particular risk management matters in connection with its general oversight and approval of various Fund matters brought before the Board. The Board has appointed a Chief Compliance Officer for the Funds (“Fund CCO”) who (1) reports directly to the Board and (2) provides a comprehensive written report annually and presents quarterly at the Board’s regular meetings. The Fund CCO, who also serves as Janus Capital’s Chief Compliance Officer, discusses relevant risk issues that may impact the Funds and/or Janus Capital’s services to the Funds, and routinely meets with the Board in private without representatives of Janus Capital or its affiliates present. The Fund CCO also provides the Board with updates on the application of the Funds’ compliance policies and procedures, including how these procedures are designed to mitigate risk and what, if any, changes have been made to enhance the procedures. The Fund CCO may also report to the Board on an ad hoc basis in the event that he identifies issues associated with the Funds’ compliance policies and procedures that could expose the Funds to additional risk or adversely impact the ability of Janus Capital to provide services to the Funds. The Board believes that its leadership structure permits it to effectively discharge its oversight responsibilities with respect to the Funds’ risk management process. Trustee Share Ownership Under the Trust’s Governance Procedures and Guidelines, the Trustees are expected to invest in one or more (but not necessarily all) funds advised by Janus Capital for whic...
