CORPORATE GOVERNANCE SECTION 4 95 Al-`Aqar Healthcare REIT | Annual Report 2024 THE BOARD AUDIT AND RISK COMMITTEE REPORT The Board Audit and Risk Committee (“BARC”) plays a major role in corporate governance regarding the organisation’s direction, control, and accountability. The BARC is set up with the primary objective to assist the Board of Directors (“Board”) in carrying out its duties and responsibilities in fulfilling its responsibility for oversight with respect to ensuring the integrity of the Company’s financial statements, performance of the Company’s independent auditors and internal audit function, risk management practices and internal control of the company. As a representative of the Board and main part of the corporate governance mechanism, the BARC is involved in both the organisation’s internal and external audits, internal control, accounting and financial reporting, regulatory compliance, and risk management. COMPOSITION In line with the requirements of Paragraph 15.09(1)(a) and (b) of the Main Market Listing Requirement (“MMLR”), the composition of the BARC is as follows: The BARC members are appointed by the Board and consist of not less than 3 members, all of whom shall be non- executive Directors with a majority of them being independent Directors. The Board elects a chairman who is an independent Director and who is not the chairman of the Board. The composition of the BARC shall fulfil the requirements as prescribed in the Listing Requirement. The Board of Directors, via the Board Nomination and Remuneration Committee (“BNRC”), annually reviews the terms of office and performance of the BARC and its members through an effectiveness evaluation exercise. The BNRC assessed the BARC’s performance for the financial year ended 31 December 2024 and was satisfied that the BARC and its members have discharged their functions, duties, and responsibilities in accordance with the BARC’s Terms of Reference. MEETINGS AND ATTENDANCE Number of Meetings Held and Details of Attendance The BARC meets at quarterly intervals or such other intervals as the Committee shall decide. The BARC held five (5) meetings during the financial year ended 31 December 2024 which were attended by all members. During the financial year, the details of attendance are as follows:- Full members attendance Date of Meetings Member of Audit Committee 23 Jan 2024 (Special) 14 Feb 2024 16 May 2024 14 Aug 2024 14 Nov 2024 Abdullah bin Abu Samah √ √ √ √ √ Datuk Sr Akmal bin Ahmad X √ X X √ Lailatul Azma binti Abdullah √ √ √ √ √ Members 1. Abdullah bin Abu Samah Chairman/Independent NonExecutive Director 2. Datuk Sr Akmal bin Ahmad Non-Independent Non-Executive Director 3. Lailatul Azma binti Abdullah Independent Non-Executive Director Secretaries 1. Nuraliza binti Abd Rahman 2. Rohaya binti Jaafar
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