Internal Audit Committee to be Established at B.T.L.

Mark Lizarraga

With a new B.T.L. executive also comes a new structure and administration of the company.  According to Chairman Lizarraga, an internal audit department will be answerable to the board of directors via an internal audit committee.  That body, in the case of the Net Vasquez investigation, will determine whether criminal charges should be pursued against the erstwhile chairman.

Mark Lizarraga, Chairman, B.T.L.

“How do we strengthen governance in B.T.L. and how do we strengthen, especially our internal audit?  Our internal audit department is going to play a vital role in the new governance of this company and I can assure you that the internal audit will be totally independent of the chair and of management.  Internal audit is going to report directly to the board through an internal audit committee.  So they will be tasked with looking at all of these things.  If it is their recommendation that we have further audits, if it is their recommendation that we have criminal matters be brought as a result of those investigations then the cards will have to lie where the cards lie.  But we’re going to set up a governance structure and I had full commitment from that yesterday at the board level that it’s going to be unequaled, that has never perhaps been seen at B.T.L.  That, you can rest assured, will happen.”