51 / 158
page
49
FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
Composition
The Audit Committee (“Committee”) comprises three (3) members, all of whom are Non-Executive Directors. The
Committee Chairman, Encik Rezal Zain bin Abdul Rashid, is a member of the Malaysian Institute of Accountants
(MIA).
The Board reviews the terms of office of the Committee members and assesses the performance of the Committee
and its members through an annual Board Committee effectiveness evaluation. The Board is satisfied that
the Committee and its members discharged their functions, duties and responsibilities in accordance with the
Committee’s terms of reference, and supports, the Board in ensuring the Group upholds appropriate corporate
governance standards. The terms of reference of the Committee are available on the Company’s website at
www.
fimacorp.com.
Members of the Committee are as follows:-
Rezal Zain bin Abdul Rashid
Chairman/Senior Independent Non-Executive Director
(Member of Malaysian Institute of Accountants)
Dato’ Adnan bin Shamsuddin
Independent Non-Executive Director
Datuk Alias bin Ali
Independent Non-Executive Director
Meetings
During the financial year, the Committee convened a total of five (5) meetings. Details of attendance of the
Committee members are as follows:
Meetings
Date of Meeting
Member
Attended 25/05/15 30/06/15 25/08/15 25/11/15 23/02/16
Rezal Zain bin Abdul Rashid
5/5
Present
Present
Present
Present
Present
Dato’ Adnan bin Shamsuddin
5/5
Present
Present
Present
Present
Present
Datuk Alias bin Ali
5/5
Present
Present
Present
Present
Present
The Committee had met with the external auditors without the presence of the Managing Director and management
on 25 May 2015 and 23 February 2016, to discuss the adequacy of controls and any judgmental areas.
AUDIT COMMITTEE
REPORT