The Board of Directors of Bose Corporation is ultimately responsible for the oversight of risk management and governance arrangements of the global business. Bose Corporation has a formal function, Independent Assurance Services, which provides assurance to the Audit Committee of the Board of Directors that Bose Corporation and its subsidiaries are identifying and mitigating enterprise level risks, including tax risks, following the applicable laws of the regions in which we operate, living up to our corporate values by conducting business ethically, and operating with appropriate key controls. Annual ethics training is conducted globally wherein every employee certifies that they are aware of and agree to abide by the Bose Code of Business Ethics. Furthermore, the Company provides a mechanism for employees to report unethical behaviour.
The Company has a strong focus on responsible tax administration. The day to day management of the UK tax affairs is performed by the UK Financial Controller who is also responsible for the fulfilment of the Senior Accounting Officer (“SAO”) obligations in relation to ensuring that our tax accounting arrangements are appropriate.