ENRA Group Berhad Annual Report 2019

44 ENRA GROUP BERHAD ∞ Annual Report 2019 page 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 2019. 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. The composition of the ARMC complies with Paragraph 15.09(1) of the Main Market Listing Requirements (“MMLR”). Datuk Ali bin Abdul Kadir, who is a member of the ARMC 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). In this regard, the Company meets the requirement of Paragraph 15.09(c) of the MMLR where at least one member of the ARMC must be a qualified accountant. The other members of the ARMC are financially literate by virtue of their wide business experience. The ARMC held 5 meetings during the financial year ended 31 March 2019. 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 PLT attended some of these meetings upon the invitation of the ARMC. Attendance of the members of the ARMC at meetings held during the year 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 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 are available on the Company’s website at www.enra.my.