GOVERNANCE AUDIT COMMITTEE REPORT INTRODUCTION The principal objective of the Audit Committee (“AC”) is to assist the Board to discharge its statutory duties and responsibilities in relation to financial, accounting and reporting responsibilities and to ensure proper disclosure to the shareholders of the Company. The Audit Committee will ensure that the Management establishes and maintains an effective internal control system including adequacy of resources, qualifications and experience of staff fulfilling the accounting and financial reporting function of the Company. The Board is pleased to present the Audit Committee Report for the financial year ended 30 June 2025. COMPOSITION AND MEETINGS The Audit Committee held four (4) meetings during the financial year. The members of the Audit Committee and details of their attendance of the meetings during the financial year ended 30 June 2025 are as follows: The AC Chairman, Dato’ Bahudin Bin Mansor is a member of Malaysian Institute of Accountants (“MIA”). Therefore, the AC is in compliance with Paragraph 15.09(1)(c) of the Listing Requirements. The AC shall elect a Chairman from among its member and the elected Chairman shall be an Independent Director. All members of AC are not alternate directors and are financially literate in discharging their duties and responsibilities as members of AC. Collectively, the members of the AC have relevant experience and expertise in finance and accounting and have carried out their duties in accordance with the Terms of Reference of the AC. The qualifications and experience of the individual AC members are disclosed in the Board of Directors' Profile in this Annual Report. The AC may invite the Head of Internal Audit, the Chief Financial Officer and the Company Secretary or any members of the management to attend any of its meetings as it determines. All meetings were convened with proper notices and agendas were distributed to the members with sufficient notification. During the meetings, all deliberations were recorded, and minutes were tabled for confirmation at every succeeding meeting and subsequently, AC Chairman will present the summary report to the Board. AC also invited the Executive Director and the Management to attend the meetings in order to keep abreast of matters and issues pertaining to the Group. Name of Directors Designation / Directorship No. of meetings attended Dato’ Bahudin Bin Mansor Chairman of Committee / Independent Non-Executive Director 4/4 Encik Syed Jabed Islam Member of Committee / Independent Non-Executive Director 4/4 Puan Farah Nadia Binti Fazaruddin (Ceased as AC member on 15 October 2024) Member of Committee / Independent Non-Executive Director 1/1 Puan Norashikin Binti Mat Yusof (Appointed as AC member on 3 January 2025) Member of Committee / Independent Non-Executive Director 2/2 DESTINI BERHAD ANNUAL REPORT 2025 77
RkJQdWJsaXNoZXIy NDgzMzc=