ENRA Group Berhad Annual Report 2018

34 E N R A G R O U P B E R H A D ( 2 3 6 8 0 0 - T ) AUDIT AND RISK MANAGEMENT COMMITTEE REPORT The Board of ENRA Group Berhad (“ENRA” or “Company”) is pleased to present the Audit and Risk Management Committee Report for the financial year ended 31 March 2018. COMPOSITION AND MEETING As at the date of this report, the Audit and Risk Management Committee (“ARMC”) has four members, all of whom are Independent Non-Executive Directors. On 31 January 2018, Mr Teo Chee Kok had resigned as a member of the ARMC. In line with Practice 8.1 of the Malaysian Code on Corporate Governance, Datuk Ali bin Abdul Kadir, who is the Chairman of the Board, had relinquished his role as Chairman of the ARMC and Tan Sri Dato’ Seri Shamsul Azhar bin Abbas, who is the Senior Independent Non-Executive Director, was appointed Chairman of the ARMC in place thereof with effect from 31 January 2018. Datuk Ali bin Abdul Kadir remains as a member of the ARMC. Datuk Ali is a Fellow of the Institute of Chartered Accountants in England and Wales (“ICAEW”), a member of the Malaysian Institute of Certified Public Accountants (“MICPA”) and a member of the Malaysian Institute of Accountants (“MIA”). The composition of the ARMC is in compliance with Paragraph 15.09 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”). The ARMC held five meetings during the financial year ended 31 March 2018. The meetings were appropriately structured through the use of agendas which were distributed to members with sufficient notification (at least seven days prior to the meeting). The President & Group Chief Executive Officer, the Executive Directors, the Group Chief Financial Officer and the Head of Internal Audit were also invited to attend and brief the members on specific issues. The external auditors, Messrs. BDO, attended some of these meetings upon the invitation of the ARMC. Attendance of the members of the ARMC at meetings held during the financial year under review is as follows: Name Designation Meetings Attended Tan Sri Dato’ Seri Shamsul Azhar bin Abbas • Chairman • Senior Independent Non-Executive Director 5 out of 5 Datuk Ali bin Abdul Kadir • Member • Independent Non-Executive Chairman 5 out of 5 Datuk Anuar bin Ahmad • Member • Independent Non-Executive Director 5 out of 5 Dato’ Wee Yiaw Hin • Member • Independent Non-Executive Director 5 out of 5 Teo Chee Kok (resigned on 31January 2018) • Member • Independent Non-Executive Director 4 out of 4 The Board through its Board Nomination and Remuneration Committee, assessed the performance of the ARMC and its members through the annual performance evaluation exercise during the financial year under review. The Board is satisfied that the ARMC and its members discharged their functions, duties and responsibilities in accordance with the Terms of Reference of the ARMC, supporting the Board in ensuring the Group upholds appropriate corporate governance standards. The Terms of Reference of the ARMC is available on the Company’s website at www.enra.my .