MEMBERS AND MEETINGS
A total of four meetings were held during the financial year ended 31 December 2015. Details of the composition
of the Committee and the attendance by each member at the Committee meetings are set out below:
Name of Director
Status of Directorship
Independent
Attendance
of Meetings
Dato’ Mohzani Abdul Wahab
Senior Independent
Yes
4/4
Non-Executive Director
Chairman of the Committee
Dr. Raja Abdul Malek Raja Jallaludin
Independent
Yes
4/4
Non-Executive Director
Datuk Zakaria Sharif
Non-Independent
No
4/4
Non-Executive Director
During the financial year, the Chief Executive Officer,
Chief Operating Officer, Chief Financial Officer and
Head of Internal Audit had attended the meetings. The
Audit Committee met with the external auditors twice
during the year without the presence of management.
The meetings were appropriately structured through
the use of agendas, which were distributed tomembers
with sufficient notification.
The Audit Committee Chairman reports to the Board
on principal matters deliberated at the Audit
Committee meetings. Minutes of each meeting are
circulated to the Board at the next Board meeting.
TERMS OF REFERENCE
Membership
The Committee shall comprise at least three Non-
Executive Directors, the majority of whom are
independent, including the Chairman. The Chairman
shall be elected by the members of the Committee. No
alternate director shall be appointed as a member of
the Committee. All members of the Audit Committee
shall be financially literate and at least one member
shall be a professional or qualified accountant. Any
vacancy resulting in there being no majority of
Independent Directors shall be filled within three
months.
audit
committee
report
Bo ustead plantati o ns Berhad
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