I
annual report 2014
34
Audit
Committee Report
COMMITTEE
Wong Yoke Nyen
Chairman / Independent Non-Executive Director
Zhu GuoHe
Member / Senior Independent Non-Executive Director
Woon Yeow Thong
Member / Independent Non-Executive Director
1.
ATTENDANCE OF MEETINGS
The details of attendance of each member at the Audit Committee (“the Committee”) meetings held during the
financial year ended 31 December 2014 are as follows:
Audit Committee Members
Attendance of Meetings
Wong Yoke Nyen
5/5
Zhu GuoHe
5/5
Woon Yeow Thong
5/5
The representatives of the External Auditors, Internal Auditors and the Management Team were also invited, from
time to time, to attend and brief the Committee members on specific issues during the Committee meetings.
2.
TERMS OF REFERENCE
Composition
The Committee shall comprise not fewer than three directors, each of whom must be Non-Executive Directors and
are financially literate with a majority of whom shall be independent. At least one (1) member of the Committee:
(i)
must be a member of the Malaysian Institute of Accountants (“MIA”); or
(ii)
if he/she is not a member of the MIA, he/she must have at least three (3) years’ working experience and:
(a)
he/she must have passed the examinations specified in Part I of the 1st Schedule of the Accountants
Act 1967; or
(b)
he/she must be a member of one of the associations of accountants specified in Part II of the 1st Schedule
of the Accountants Act 1967; or
(iii)
fulfils such other requirements as prescribed by Bursa Malaysia Securities Berhad (“Bursa Malaysia”) or
approved by the Securities Commission.
No alternate director shall be appointed as a member of the Committee.
The members of the Committee shall elect a Chairman from among themselves who shall be an Independent Director.
When the number of members falls below three for whatever reason, the Board shall, within three (3) months of that
event, appoint new members as may be required to make up the minimum of three (3) members. The Board shall
review the terms of office of the Committee at least once every three (3) years.
