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KUMPULAN FIMA BERHAD
(11817-V) |
Annual Report
2016
1.
MEMBERS OF THE AUDIT COMMITTEE
The members of the Audit Committee comprise of:
Azizan bin Mohd Noor
Chairman, Senior Independent Non-Executive Director
Member of Malaysian Institute of Accountants
Dato’ Rosman bin Abdullah
Member, Independent Non-Executive Director
Member of Malaysian Institute of Accountants
Rozana Zeti binti Basir
Member, Non-Independent Non-Executive Director
The main responsibilities of the Audit Committee are to assist the Board in discharging its statutory and other
responsibilities relating to internal controls, financial and accounting matters, compliance, business and
financial risk management.
The Audit Committee shall be appointed by the Board amongst the Directors of the Company and shall
consist of no less than three (3) members comprising of Non-Executive Directors a majority of whom are
Independent Directors. A quorum for a meeting shall be at least two (2) members, both being Independent
Directors. The current composition of the Audit Committee and the qualifications of its members comply with
the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad.
The 2016 reviewof theAudit Committee in relation tomembership composition, performance and effectiveness
as well as members’ accountability and responsibilities, was conducted by the Nomination Committee via
the annual Board and Board Committees evaluation. The Nomination Committee discussed the findings
on the evaluation and the results of the evaluation and findings, together with areas of improvement, were
presented to the Board for deliberation.
2.
TERMS OF REFERENCE
In fulfilling its duties and responsibilities, the Audit Committee is guided by the Terms of Reference which
is available on the Company’s website at
www.fima.com.my. The Audit Committee is authorized to seek
information it requires from any employee and all employees are directed to cooperate with any request
made by the Audit Committee. The Audit Committee is also authorized by the Board to obtain independent
professional advice if necessary in discharging their functions.
3.
MEETINGS
The Audit Committee meetings was held 5 times during the financial year ended 2016 and all the members
attended those meetings.
Name of Committee Members
No of Meetings Attended
Azizan bin Mohd Noor
5/5
Dato’ Rosman bin Abdullah
5/5
Rozana Zeti binti Basir
5/5