FIMA CORPORATION ANNUAL REPORT 2019

Audit Committee

Report

MEMBERS OF THE AUDIT COMMITTEE

The members of the Audit Committee comprise of:

Encik Rezal Zain bin Abdul Rashid (Chairman)

Senior Independent Non-Executive Director

Member of Malaysian Institute of Accountants

Dato’ Adnan bin Shamsuddin (Member)

Independent Non-Executive Director

Datuk Bazlan bin Osman (Member)

(Appointed on 23 May 2019)

Independent Non-Executive Director

Member of Malaysian Institute of Accountants

Encik Rosely bin Kusip (Member)

(Appointed on 24 June 2019)

Independent Non-Executive Director

Dr. Roshayati binti Basir (Member)

(Resigned on 24 June 2019)

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 not 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 (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa”).

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

. 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.

MEETINGS

The Audit Committee held 4 meetings during the FYE2019:

Name of Committee Members

No. of Meetings Attended

Encik Rezal Zain bin Abdul Rashid

4/4

Dato’ Adnan bin Shamsuddin

4/4

Dr. Roshayati binti Basir*

3/3

Note: * Dr. Roshayati binti Basir appointed to the Audit and Nomination and Remuneration Committees on 20 August 2018.

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