68 CORPORATE GOVERNANCE ENRA GROUP BERHAD ANNUAL REPORT 2023 Audit, Risk Management and Sustainability Committee Report (Cont’d) COMPOSITION AND MEETING (CONT’D) Meeting attendance of the ARMSC members for the financial year were as follows: Name Membership Attendance (Attended / held) Tan Sri Dato’ Seri Shamsul Azhar bin Abbas Chairman Senior Independent Non-Executive Director 5/5 Dato’ Wee Yiaw Hin Member Independent Non-Executive Director 5/5 Tunku Afwida binti Tunku Abdul Malek Member Independent Non-Executive Director 4/5 Mr Loh Chen Yook (Appointed on 1 October 2022) Member Independent Non-Executive Director 2/2* Datuk Ali bin Abdul Kadir (Resigned on 1 October 2022) Member Independent Non-Executive Chairman 3/3* *reflect the number of meetings held during the time the Director held office during the financial year On 25 August 2022, the Board resolved to transfer the administrative function of the Environmental, Social, and Governance (ESG) matter to ARMSC, and on the same date, the name of the Committee was changed from "Audit and Risk Management Committee (ARMC)" to "Audit, Risk Management/Environmental, Social, and Governance Committee (ARM/ESGC)" before it assumed the current name of "Audit, Risk Management and Sustainability Committee (ARMSC)" on 24 November 2022. The Board evaluated the ARMSC and its members' performance through an annual Board Committee effectiveness evaluation. The Board is satisfied that the ARMSC and its members have effectively discharged their functions, duties, and responsibilities in accordance with the ARMSC's TOR. The TOR of the ARMSC is available on the Company's website at www.enra.my. The ARMSC also assessed the head of GIA and the effectiveness of the GIA function, as well as the performance and independence of external auditors, which will then be recommended to the Board. Based on the assessment, the Board is satisfied with the overall performance of the GIA function as well as the performance and independence of the external auditors. SUMMARY OF ACTIVITIES DURING THE FINANCIAL YEAR During the financial year, the ARMSC’s key activities included the following : Financial Reporting a) Reviewed all the four (4) unaudited quarterly financial statements including its related Bursa Securities’ announcements prior to recommending the same to the Board for approval, focusing particularly on: • The overall performance and prospect of ENRA Group; • The changes and implementation of major accounting policies and practices and the auditor’s report highlighting the key audit matters and the implication on ENRA Group; • Compliance with accounting standards and other legal requirements; • Significant accounting and audit issues raised by BDO in financial statements and the corresponding judgement made by Management. b) Discussed significant accounting and audit issues in respect of the audited financial statements with Management and BDO the accounting treatments that were applied and their judgement of the items that affected the financial statements. The External Auditors was of the opinion that the Company’s audited financial statements reflected a true and fair view of the financial position of the Company and its Group and in accordance with the relevant accounting standards and regulatory requirements.
RkJQdWJsaXNoZXIy NDgzMzc=