My EG Services Berhad Annual Report 2019

ANNUAL REPORT 2019 71 A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) I. Board Responsibilities (cont’d) 6. Board Committees ARMC The ARMC monitors internal control policies and procedures designed to safeguard the Group’s assets and to maintain the integrity of financial reporting. The ARMC maintains direct, unfettered access to the Group’s external auditors, internal auditors and Management. The ARMC Report is set out on page 82 to page 88 of this Annual Report. Subsequent to FP2019 and in line with the recommendation under step-up practice 9.3 of the MCCG, the ARMC have been separated into two committees, namely the Audit Committee (“ AC ”) and the Risk Management Committee (“ RMC ”) with effect from 27 February 2020. A copy of the AC and RMC’s Terms of Reference can be found on the Group’s website at https://www.myeg . com.my/investor_relations (under the “Corporate Governance” tab). NC The NC oversees matters related to the nomination of new Directors, annually reviews the required mix of skills, experience and other requisite qualities of Directors as well as the annual assessment of the effectiveness of the Board as a whole, its Committees and the contribution of each individual Director as well as identifies candidates to fill board vacancies, and nominating them for approval by the Board. The NC comprises of two (2) members, all of whom are Independent Non-Executive Directors. The members of the NC for the FP2019 are as follows: NC Members Designation %BUVL .PIE +JNNZ 8POH #JO "CEVMMBI Chairman Tan Sri Dato’ Dr Muhammad Rais Bin Abdul Karim Member During the FP2019, the NC held one (1) meeting and all members registered full attendance. Below is a summary of the key activities undertaken by the NC in the discharge of its duties:- (a) Reviewed the Terms of Reference; (b) Determined Directors who are subject to re-election by rotation; (c) Reviewed the composition of the Board; (d) Reviewed the independence of the Independent Directors; (e) Conducted annual assessment on effectiveness and performance of the Board, the Board Committees and the individual Directors; (f) Reviewed the performance and term of office of ARMC; and (g) Considered the recommendation of MCCG to separate the ARMC into two committees, namely AC and RMC. A copy of the NC’s Terms of Reference can be found on the Group’s website at https://www.myeg.com.my/ investor_relations (under the “Corporate Governance” tab). RC The RC is responsible for recommending the remuneration principles and the framework for members of the Board and Senior Management to the Board. CORPORATE GOVERNANCE STATEMENT (CONT’D) GOVERNANCE