Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 58 AUDIT COMMITTEE REPORT (A) COMPOSITION AND ATTENDANCE Pursuant to Paragraph 15.09(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Company has established an Audit Committee, comprising the following members: Name Director Position Ng Chee Whye Independent Non-Executive Chairman of Audit Committee Gerald Chiu Yoong Chian Non-Independent Non-Executive Member Koh Huey Min Independent Non-Executive Member Koh Huey Min was appointed as a member of the Audit Committee on the same date she was appointed a Director of the Company on 1 December 2021. Dato’ Haji Johar Bin Murat @ Murad was the former Chairman of the Audit Committee until his resignation on 1 December 2021. Following that, Ng Chee Whye was redesignated as the Chairman of the Audit Committee at the Audit Committee Meeting held on 25 February 2022. Members of the Audit Committee are appointed by the Board of Directors from amongst the Directors who fulfil the following requirements: (a) the Audit Committee must comprise not less than three (3) members who are financially literate; (b) all the Audit Committeemembers must beNon-ExecutiveDirectors, with amajority of thembeing Independent Non-Executive Directors; and (c) at least one (1) member of the Audit Committee: (i) must be a member of the Malaysian Institute of Accountants; (ii) if he is not a member of the Malaysian Institute of Accountants, he must have at least three (3) years of working experience; and: (aa) he must have passed the examinations specified in Part I of the First Schedule of the Accountants Act 1967; or (bb) he must be a member of one of the associations of accountants specified in Part II of the First Schedule of the Accountants Act 1967; or (iii) fulfils such other requirements as prescribed or approved by Bursa Securities. The Board assesses the performance of the Audit Committee in terms of its effectiveness and contribution of Audit Committee members on an annual basis to determine whether the Audit Committee and its members have carried out their duties in accordance with their terms of reference. The meeting attendance of the Audit Committee members is provided in the Corporate Governance Overview Statement in this Annual Report.
RkJQdWJsaXNoZXIy NDgzMzc=