ENRA Group Berhad Annual Report 2021

CORPORATE GOVERNANCE Annual Report 2021 | ENRA Group Berhad 69 Audit and Risk Management Committee Report The Board of ENRA is pleased to present the Audit and Risk Management Committee Report for the financial year ended 31 March 2021 COMPOSITION AND MEETING As at the date of this report, the ARMC has four (4) members, all of whom are Independent Non-Executive Directors (“NEDs”). All of the Independent NEDs satisfy the test of independence under MMLR of Bursa Securities. The composition of the ARMC complies with Paragraph 15.09(1)(a) and (b) of the MMLR and Practice 8.4 under Principle B of the MCCG. Datuk Ali bin Abdul Kadir is a Fellow of the Institute of Chartered Accountants in England and Wales, a member of the Malaysian Institute of Certified Public Accountants and a member of the Malaysian Institute of Accountants. In this regard, the Company meets the requirement of Paragraph 15.09(1)(c)(i) of the MMLR. The ARMC held six (6) meetings during the financial year ended 31 March 2021. 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 two (2) of these meetings upon the invitation of the ARMC. The minutes of each ARMC meeting were recorded and tabled for confirmation at subsequent ARMC meetings and thereafter, all minutes of ARMC meetings were presented to the Board for notation. The Chairman of the ARMC reported the ARMC’s recommendations to the Board for its consideration and implementation. He also highlighted the significant matters and resolutions deliberated by the ARMC to the Board at its immediate subsequent meeting. 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 6 out of 6 Datuk Ali bin Abdul Kadir Member Independent Non-Executive Chairman 6 out of 6 Datuk Anuar bin Ahmad Member Independent Non-Executive Director 6 out of 6 Dato’ Wee Yiaw Hin Member Independent Non-Executive Director 6 out of 6 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 .