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Asia Media Group Berhad
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Annual Report 2015
AUDIT COMMITTEE
REPORT
A. Composition and Attendance
The members of the Audit Committee are as follows:-
Ms Yeong Siew Lee
(Chairperson of Audit Committee/ Independent Non-Executive Director)
Datuk Seri Syed Ali Bin Tan Sri Abbas Alhabshee
(Member of Audit Committee/ Independent Non-Executive Director)
Mr Paul Jong Jun Hian
(Member of Audit Committee/ Independent Non-Executive Director)
The Board through the Nomination Committee assesses the members of the Audit Committee
on an annual basis and once in every three year would assess the effectiveness of the Audit
Committee and each its members to determine whether the Audit Committee and members
have carried out their duties in accordance with their Terms of Reference.
B. Terms of Reference of Audit Committee
Composition and Size
TheAudit Committee should be appointed by the Board of Directors based on the recommendation
of the Nomination Committee from amongst the Directors of the Company which fulfils the
following requirements:
(1) the Audit Committee must be composed of no fewer than 3 members;
(2) all committee members must be non-executive directors, with a majority of them being
independent directors;
(3) all committee members should be financially literate; and
(4) at least one member of the Audit Committee must fulfil the financial expertise requisite of
the Listing Requirements as follows:
(a) he must be a member of the Malaysian Institute of Accountants (“MIA”); or
(b) if he is not a member of the MIA, he must have at least 3 years’ working experience
and: