Financially Literate definition

Financially Literate means the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Corporation’s financial statements.

Examples of Financially Literate in a sentence

  • Members of the Audit Committee shall be selected based upon the following and in accordance with applicable laws, rules and regulations: (a) Financially Literate.

  • The Board, following consideration of the recommendation of the Corporate Governance Committee, may fill a vacancy which occurs in the Audit Committee at any time.Members of the Audit Committee shall be selected based upon the following and in accordance with applicable laws, rules and regulations:(a) Financially Literate.

  • All Audit Committee members are Independent and Financially Literate as such terms are defined in NI 52-110.

  • Each member of the Committee shall be:• a Director who is not an officer or employee of the Bank or an affiliate of the Bank; and• "independent" for the purposes of applicable Canadian and United States securities laws and the New York Stock Exchange Rules.Each member of the Committee shall be Financially Literate and the Committee shall have at least one Audit Committee Financial Expert.

  • SHAWCOR LTD.AUDIT COMMITTEE CHARTER APPENDIX A DEFINITIONS Financially Literate Means the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Company’s financial statements.


More Definitions of Financially Literate

Financially Literate means the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Trust’s financial statements.| Brookfield Canada Office Properties | 2015 Annual Information Form
Financially Literate means a person who has the ability to read and understand basic financial
Financially Literate means that the Director is able to critically read and understand a balance sheet, an income statement, a cash flow statement and the notes attached thereto.
Financially Literate means that the Board member has the ability to read and understand a set of financial statements in accordance with Canadian Generally Accepted Accounting Principles. Havingaccounting or related financial expertise” means the Board member has the ability to understand and fully analyze financial statements and the related notes which present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by SPS’s financial statements.
Financially Literate means the ability to read and understand a set of financial statements that presents breadth and level of complexity of accounting issues that are generally comparable to the Organization’s financial statements; and