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ASIA MEDIA GROUP Berhad
Annual Report 2016
42
AUDIT COMMITTEE REPORT
A.
Composition and Attendance
The members of the Audit Committee are as follows:-
Ms Yeong Siew Lee
(Chairperson of Audit Committee/ Senior 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)
All of the members are non-executive and independent.
The Board through the Nomination Committee assesses the terms of office and performance
of the Audit Committee and each of its members to determine whether the Audit Committee
and members have carried out their duties in accordance with their Terms of Reference on an
annual basis.
The Terms of Reference of the Audit Committee can be viewed at the Company’s Website.
Authority
The Audit Committee shall, in accordance with a procedure to be determined by the Board and
at the expense of the Company:-
(a) to have explicit authority to investigate any matter within its terms of reference;
(b) to have the resources which are required to perform its duties;
(c) to have full access to any information and employees of the Company and the Group which
are required to perform its duties;
(d) to have direct communication channels with internal and external auditors;
(e) to obtain outside legal or independent professional advice in the performance of its duties
at the cost of Company;
(f) to invite outsiders with relevant experience to attend its meetings, if necessary
(g) to be able to convene meetings with internal and external auditors or both, excluding the
attendance of other Directors and employees of the Company, whichever deemed necessary.