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ASIA MEDIA GROUP Berhad
Annual Report 2016
44
Audit Committee Report
(continued)
A.
Composition and Attendance (cont’d)
Responsibilities and How the Committee Works (cont’d)
(h) To do the following, in relation to the internal audit function:- (cont’d)
iv.
Approve any appointment or termination of senior staff members of the internal audit
function; and
v.
Take cognizance of resignation of internal audit staff members and provide the
resigning staff member an opportunity to submit his reasons for resigning.
(i) To consider any related-party transactions and conflicts of interest situation that may arise
within the Company or the Group including any transaction, procedure or course of conduct
that raises questions of management integrity;
(j) To consider the major findings of internal investigations and management’s response;
(k) To consider other topics as defined by the Board of Directors; and
(l) To recommend the nomination of a person or persons as external auditors.
B. Meetings
There were four meetings held during the financial year. The Audit Committee planned its
meetings ahead and would obtain the consensus of the members before fixing the dates of the
meetings to ensure the attendance of each member. The notice is served at least one week
before each meeting and the meeting papers would be provided to each member. The Chairman
of the Audit Committee would brief the Board at its meeting on the matters discussed during the
Audit Committee’s meeting held earlier. The update from the Audit Committee is a permanent
agenda on the notice of the Board meeting.
The details of attendance of each Committee Member are as follows:
Name
Desgination
Attendance
Yeong Siew Lee
Senior Independent
4/4
Non-Executive Director
Datuk Seri Syed Ali Bin
Independent Non-Executive Director
4/4
Tan Sri Abbas Alhabshee
Paul Jong Jun Hian
Independent Non-Executive Director
4/4