Their responsibilities are outlined below: Audit Committee The purpose of the Audit Committee is: a) to examine and review the integrity of the financial state ments of the Bank and the NBG Group as well as other key disclosures; b) to make recommendations to the Board regarding the appointment, remuneration and terms of engagement, following appointment by the AGM of Shareholders ("AGM"), of the external auditor; c) to monitor and review the external auditor's independence, objectivity and efficiency; d) to monitor the external auditor's independence and objectivity regarding the supply of non-auditing services, as well as the appropriateness of his remuneration; e) to review the effectiveness of the Group's internal control and compliance systems and notify the Board accordingly; f) to review and control the independence, adequacy and effectiveness of the Group Internal Audit-Inspection Division.