COMPOSITION OF THE AUDIT AND RISK MANAGEMENT COMMITTEE The Audit and Risk Management Committee (“ARMC”) consists of three (3) members, all of whom are Independent NonExecutive Directors. The ARMC meets the requirements of paragraph 15.09(1)(a) and (b) of the Bursa Securities’ Listing Requirements and Practice 9.4 under Principle B of the MCCG. The Chairman of the ARMC is a member of the Malaysian Institute of Accountants, in compliance with paragraph 15.09(1)(c)(i) of Listing Requirements. The current composition of the ARMC is as follows: Directors Position Lim Chee Hoong Chairman of ARMC & Independent Non-Executive Director Ji Haitao Independent Non-Executive Director Datin Azalina binti Adham Independent Non-Executive Director (Appointed on 27 August 2021) The Terms of Reference of the ARMC is available on the Company’s website. The Board through the Nomination Committee reviews the terms of office of the ARMC members and assesses the performance of the ARMC and its members through an annual Board Committee effectiveness evaluation. MEETINGS AND ATTENDANCE The ARMC held a total of five (5) meetings during the financial year ended 31 December 2021. Details of the attendance records are as follows:- Directors Attendance Lim Chee Hoong 5 out of 5 Ji Haitao 5 out of 5 Datin Azalina binti Adham 1 out of 1 (Appointed on 27 August 2021) Dato’ Dr. Awang Adek bin Hussin 4 out of 4 (Resigned on 27 August 2021) The Chairman of the Committee shall report to the Board the key issues discussed at each ARMC meeting. Minutes of each meeting of ARMC were prepared by the Company Secretary who acts as the secretary to the ARMC and present at all meetings. The Minutes would be tabled for confirmation at the next following meeting of ARMC and subsequently presented to the Board of Directors (“Board”) for notation. Report of The Audit and Risk Management Committee P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 56
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