Dato’ Ahmad Hassan Bin Osman (Chairman) - Independent Non-Executive Director
Dato’ Haji Mohd Suhaimi Bin Abdullah - Independent Non-Executive Director
Mr. Wong Thai Sun - Independent Non-Executive Director
Mr. Jen Shek Voon - Independent Non-Executive Director
1.1 The Committee is responsible for recommending to the Board for approval of the following appointments:
1.2 The Committee must review the term of office and performance of Audit Committee and each of its members annually to determine whether such Audit Committee and members have carried out their duties in accordance with their terms of reference.
1.3 The Committee is responsible for reviewing and approving the appointment of the Group's Key Senior Management as may be determined by the Committee from time to time.
2.1 The Committee shall be appointed by the Board of Directors (“Board”) from amongst the directors of the Company and shall consist of no fewer than three (3) members, all of whom should be exclusively of non-executive directors, and a majority of whom must be independent.
2.2 The Chairman of the Committee shall be appointed among the members of the Committee.
3.1 The Committee shall meet as required and at least once a year and at such time as the Chairman of the Committee shall require.
3.2 The Chairman of the Committee shall be appointed among the members of the Committee and must be a non-executive director. In the absence of the Committee Chairman and/or an appointed deputy, the remaining members present shall elect one of themselves to chair the meeting.
3.3 Meetings of the Committee shall be summoned by the Secretary of the Committee at the request of the Chairman of the Committee or the Chairman of the Board.
3.4 Meetings and proceedings of the Committee will be governed by the Company’s Articles of Association regulating the meetings and proceedings of Directors.
3.5 In order to form a quorum, two (2) members of the Committee must be present. For the purpose of this provision, any Committee member who is able (directly or by telephone communication) to speak and be heard by each of the other Committee members present, shall be deemed to be present in person at such meeting and shall be entitled to vote or be counted in the quorum accordingly.
3.6 Each member of the Committee is entitled to one (1) vote in deciding the matters deliberated in the meeting. The decision that gained the majority votes shall be the decision of the Committee. In the event of an equality of votes, the Chairman of the Committee shall be entitled to a second or casting vote.
3.7 The Committee may invite any senior management staff or professional adviser to be in attendance.
3.8 The Company Secretary shall be the secretary of the Committee.
3.9 The Secretary shall minute the proceedings and resolutions of the Committee meetings, including the names of those present and in attendance.
3.10 The minutes of meetings of the Committee shall be signed by the Chairman of the meeting at which the proceedings were held or by the Chairman of the next succeeding meeting.
3.11 A Resolution taking the form of one or more documents in writing signed or approved by other electronic communications by a majority of the members of the Committee, provided that they are sufficient to form a quorum at a meeting of the Committee, shall be as valid and effectual as if it had been passed at a meeting of the Committee duly called and constituted; provided that the resolution is circulated to all members of the Committee. All such resolutions shall be described as “Circular Resolution of Committee” and shall be forwarded or otherwise delivered to the Secretary upon signing without delay, and shall forthwith be recorded by the Secretary in the Company’s Minute Book. Any such resolution in writing may be contained in one (1) document or separate copies thereof (which may be prepared and circulated by electronic communications with copy sent by courier or registered post) which is signed by one (1) or more of the member of the Committee
4.1 The Committee is authorised by the Board at the expense of the Company to investigate any matter within duties as set out in these terms of reference. It is authorised to seek any information it requires from any Director or employee in order to perform its duties and all Directors and employees are required to co-operate with any request made by the Committee.
4.2 In connection with its duties the Committee is authorised by the Board to obtain, at the Company’s expense, any outside legal or other professional advice. The Committee shall have full authority to commission any reports or surveys which it deems necessary to help it fulfil its obligations.
6.1 The Chairman of the Committee shall report formally to the Board on its proceedings on all matters within its duties and responsibilities.
6.2 The Committee may from time to time submit to the Board its recommendation on matters within its purview, for the Board's decision.
7.1 The Committee shall arrange for periodic review of its own constitution and terms of reference to ensure it is operating at maximum effectiveness and recommend any changes it considers necessary to the Board for approval.
7.2 The Committee members shall be appointed by the Board of Directors and the Board of Directors may revoke the appointment of a member and/or vary the term of appointment of a member at any time as it deems fit.
7.3 Nothing in these Terms of Reference is intended to, amend, detract from or conflict with the Articles of Association of the Company, and in such event the Articles of Association shall prevail.