PRG Holdings Berhad Annual Report 2019

ANNUAL REPORT 2019 57 REPORT OF THE AUDIT AND RISK MANAGEMENT COMMITTEE COMPOSITION OF THE AUDIT AND RISK MANAGEMENT COMMITTEE The Audit and Risk Management Committee consists of three (3) members, all of whom are Independent Non- Executive Directors. The Chairman of the Audit and Risk Management Committee is a member of the Malaysian Institute of Accountants. The composition of the Audit and Risk Management Committee is as follows: Directors Position Lim Chee Hoong Chairman of Audit and Risk Management Committee & Independent Non-Executive Director Datuk Dr. Wong Lai Sum Independent Non-Executive Director Dato’ Dr. Awang Adek bin Hussin (Appointed on 26 February 2019) Independent Non-Executive Director The Terms of Reference of the Audit and Risk Management Committee is available on the Company’s Website. MEETINGS AND ATTENDANCE The Audit and Risk Management Committee held a total of five (5) meetings during the financial year ended 31 December 2019. Details of attendance are as follows: Directors Attendance Lim Chee Hoong 5 out of 5 Datuk Dr. Wong Lai Sum 5 out of 5 Dato’ Dr. Awang Adek bin Hussin 3 out of 4 Minutes of each meeting were prepared by the Company Secretary who acts as the secretary to the Committee and present at all meetings. The Minutes would be tabled for confirmation at the next following meeting and subsequently presented to the Board for notation. ACTIVITIES OF THE AUDIT AND RISK MANAGEMENT COMMITTEE During the FY2019, the activities carried out by the Audit and Risk Management Committee in the discharge of its duties included, among others, the following: (i) Financial Reporting • Reviewed the unaudited quarterly financial results and annual audited financial statements before recommending to the Board for consideration and approval for subsequent release to Bursa Securities. • Reviewed major audit findings affecting the Group and responses with the Management, External Auditors and Internal Auditors.