Chemical Company of Malaysia Berhad Annual Report 2019

| REPORT OF THE AUDIT | AND COMPLIANCE COMMITTEE The Board is pleased to issue the following report of the Audit and Compliance Committee and its activities during the financial year ended 31 December 2019. Composition of Audit and Compliance Committee and Meetings During the year under review, there were changes to the composition of the Audit and Compliance Committee following the retirement and resignations as well as appointments of new directors from and to the Company. In determining the composition of the Committee, the Company has taken steps to ensure that its composition is in line with the best practice of the Malaysian Code on Corporate Governance. The Company has also taken into account the experience and qualification of each member as well as their ability to devote time, character and integrity in ensuring the effective function of the Committee. The composition of the Audit and Compliance Committee currently stands at three (3), all of whom are Independent Non-Executive Director. A total of five (5) meetings of the Audit and Compliance Committee were held during the year. The status of directorship and attendance record of each of the members during the financial year, were as follows: Name of Directors and Status No. of Meetings Attended Hasman Yusri bin Yusoff Chairman, Independent Non-Executive Director (Appointed as Member w.e.f. 13.9.2019 and subsequently re-designated as Chairman of the Committee w.e.f. 11.10.2019 1/1 Dato’ Wan Mohd Fadzmi bin Che Wan Othman Fadzilah Member, Senior Independent Non-Executive Director 5/5 Raja Azura binti Raja Mahayuddin Member, Independent Non-Executive Director (Appointed as Member w.e.f. 1.9.2019) 1/1 Dato’ Seri Ir. Dr. Zaini bin Ujang* Member, Independent Non-Executive Director (Resigned as Member and Director w.e.f. 1.1.2020) 5/5 Khalid bin Sufat* Chairman, Senior Independent Non-Executive Director (Resigned as Chairman of the Committee and Director w.e.f. 11.10.2019) 4/4 Datin Paduka Kartini binti Hj. Abdul Manaf* Member, Non-Independent Non-Executive Director (Retired as Member and Director w.e.f. 28.5.2019) 3/3 Note: *  The Company has adopted a policy of limiting the tenure of its director, be it independent or non-independent director, to nine (9) years of service. The details on the Terms of Reference of the Audit and Compliance Committee can be found on the Company’s website at www.ccmberhad.com. 90 CHEMICAL COMPANY OF MALAYSIA BERHAD