The Audit Committee consists of three members of the Board: Mr. Chew Hoy Ping (Chairman), Datuk William Toh and Mr. Roland Arthur Lawrence.
The Audit Committee held four (4) meetings during the financial year ended 31 December 2018. The Managing Director, Chief Financial Officer and Head of Internal Audit attended the meetings for the purpose of briefing the Audit Committee on the activities involving their areas of responsibilities. The Audit Committee was also briefed by the external auditors on the findings of the external audit.
The external auditors were present at two (2) Audit Committee meetings during the financial year. At these meetings, the Audit Committee also held separate sessions with the external auditors without the executive board members present whereby the Audit Committee was briefed by the external auditors on their audit findings and any other observations they may have had during the audit process.
The Audit Committee works according to Terms of Reference, which are periodically reviewed and updated in accordance with the needs of the Company and any new regulations that may have an impact on the discharge of the Board’s responsibilities.
The Audit Committee is tasked with the following primary roles and responsibilities:
The Audit Committee works according to Terms of Reference, which are periodically reviewed and updated in accordance with the needs of the Company and any new regulations that may have an impact on the discharge of the Board’s responsibilities.
The Nomination Committee consists of two members of the Board: Datuk William Toh (Chairman) and Mr. Chew Hoy Ping.
The Nomination Committee which is charged with the responsibility of, amongst others, recommending the appointment of new Directors to the Board, was established on 1 October 2001 and comprises all of whom are Independent Non-Executive Directors.
The Nomination Committee works according to Terms of Reference, which are periodically reviewed and updated in accordance with the needs of the Company and any new regulations that may have an impact on the discharge of the Board’s responsibilities.
The Remuneration Committee consists of two members of the Board: Datuk William Toh (Chairman) and Mr. Chew Hoy Ping.
The Remuneration Committee, which was established on 18 August 2001, comprises exclusively of Independent Non-Executive Directors.
The Remuneration Committee evaluates the remuneration packages of senior management executives and recommends for the Board’s approval, the framework of executive remuneration of the Executive Directors’ remuneration package
The Nomination Committee works according to Terms of Reference, which are periodically reviewed and updated in accordance with the needs of the Company and any new regulations that may have an impact on the discharge of the Board’s responsibilities.