SCC Holdings Berhad Annual Report 2018

SCC Holdings Berhad | Annual Report 2018 .17 The primary objective of the Audit Committee is to assist and support the Board of SCC in fulfilling its fiduciary responsibilities to ensure strong corporate governance. The Committee is responsible for assessing the risk and control environment, overseeing financial reporting and evaluating the management and audit process within the Group. COMPOSITION AND MEETINGS The members of the Audit Committee (“AC”) comprise three (3) members, all of whom are Independent Non-Executive Director. The AC Chairman, Dato’ Dr Choong Tuck Yew, is a Chartered Member of the Malaysia Institute of Accountants (“MIA”), and a member of the Malaysian Institute of Certified Public Accountants. At the end of financial year ended 31 December 2018, the members of the AC are: Name Designation Directorship Dato’ Dr. Choong Tuck Yew Chairman Independent Non-Executive Director Dato’ Ismail bin Hamzah Member Independent Non-Executive Director Datuk Wira Dr. Goy Hong Boon Member Independent Non-Executive Director Meetings During the financial year under review, the Committee convened five (5) meetings and the records of attendance are shown below. The meetings are pre-structured through the use of agendas, which were distributed to members prior to the meetings. The Managing Director, the Executive Directors, Finance Manager, Assistant General Manager, Internal Auditors and External Auditors were present as and when invited. The AC also met the External Auditors in two (2) private sessions without the presence of Management to discuss audit related matters that the Auditors wish to raise directly with the Committee. The Company Secretary who is also the secretary to the AC has attended all the meetings. Details of attendance are listed below: Name of members Attendance Dato’ Dr. Choong Tuck Yew 5/5 Dato’ Ismail bin Hamzah 5/5 Datuk Wira Dr. Goy Hong Boon 5/5 Terms of Reference The details of the terms of reference of the AC are available for reference at www.sccholdings.com.my . SUMMARY OF ACTIVITIES The AC carried out its duties in accordance with the Terms of Reference during the financial year with the key responsibilities listed as below:- Financial Reporting a. Reviewed the quarterly unaudited financial results of the Company and Group before recommending to the Board for consideration and approval. AUDIT COMMITTEE REPORT