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  "documentTitle": "Amcor plc (pro forma Amcor-Berry Global combination) (AMCR)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-03-10 00:00:00",
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  "notes": "The slide uses a direct quote from a company filing to contrast with the activist's claim of negligence.",
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      "text": "Two material weaknesses that have lingered for 18 months that formed no basis of the Audit Committee report? From Spruce Point's perspective, it doesn't appear to be a high priority for the Committee to resolve the issue.",
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      "text": "REPORT OF THE AUDIT COMMITTEE\n\nThe Company's Audit Committee is composed of three independent non-employee directors as defined by applicable SEC rules and NYSE listing standards. It is responsible for overseeing the Company's financial reporting and the Company's internal controls over accounting and financial reporting. In performing its oversight function, the Committee relies upon advice and information received in written form and in its quarterly discussions with the Company's management, the head of the Company's internal audit function and the Company's independent registered public accounting firm, PricewaterhouseCoopers LLP (PwC). The Audit Committee regularly meets in executive session with the head of internal audit and PwC.\n\nSpecifically, the Committee has (i) reviewed and discussed the Company's audited financial statements for the fiscal year ended June 30, 2019 with the Company's management; (ii) discussed with PwC the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board (PCAOB) and the SEC and (iii) received the written disclosures and the letter from PwC required by applicable requirements of the PCAOB regarding PwC's communications with the Committee concerning independence, and has discussed with PwC its independence.\n\nBased on the Committee's review and discussions mentioned above, the Committee recommended to the Board of Directors that the audited financial statements be included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2019 to be filed with the SEC.\n\nThe Audit Committee\nPaul Brasher, Chairman\nArun Nayar\nDavid Szczupak",
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