117 OUR SUSTAINABILITY APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION AUDIT COMMITTEE REPORT The Group Chief Internal Auditor (“GCIA”) attended all meetings of the AC to present the respective internal audit reports. As and when necessary, the AC would request the attendance of relevant personnel at its meetings to brief the AC on specific issues arising from the internal audit reports. The Group Chief Financial and Operations Officer (“GCFOO”) and the Head of Group Finance on the other hand, attended the AC meeting to present the unaudited quarterly financial statements, audited financial statements, as well as other financial reporting related matters for the AC’s deliberation and recommendation to the Board for approval. In addition, separate private discussions were also held between the Chairman of the AC and/ or the AC with the GCIA and between the AC and the External Auditors, Ernst & Young PLT (“EY”), without the presence of Management. During the period under review, the AC met with the External Auditors without Management’s presence twice i.e., on 30 January 2023 and 24 October 2023, after the tabling of the Update Report in respect of the Financial Year Ended 31 December 2022’s audit and the External Auditors’ 2023 Audit Plan respectively. During these meetings, the AC sought the feedback from the External Auditors with regard to the support provided by Management in terms of providing timely and accurate information, as well as the adequacy of resources in the financial reporting functions. Based on the External Auditors’ feedback, Management was noted to have provided full cooperation to the External Auditors in the course of the External Auditors’ audit assignments. The External Auditors had also indicated that Management had been very pro-active in approaching them for any issues arising during the year, which contributed to an effective audit planning by the External Auditors. In fulfilling its reporting responsibility to the Board, after each meeting, the Chairman of the AC reported the AC’s deliberations and recommendations to the Board. The Minutes of each AC meeting were recorded and tabled for confirmation at the following AC meeting and subsequently presented to the Board for notation. AC Members’ Attendance at Meetings The details of the AC members’ attendance at its meetings held during the Financial Year Ended 31 December 2023 are as stated below. AC Number of Meetings Name of Member Held (1) Attended Percentage (%) Encik Jeremy Nasrulhaq (Chairman) 8 8 100% Mr. Kanagaraj Lorenz 8 8 100% Puan Norazian Ahmad Tajuddin 8 8 100% Note (1) Total number of meetings held is inclusive of two (2) joint meetings between the AC and GBRC held on 22 June 2023 and 29 August 2023. 2.2 2.3 2.4 2.5
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