My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 100 A. BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) I. Board Responsibilities (cont’d) 6. Board Committees (cont’d) RC (cont’d) During the FY2020, the RC held one (1) meeting and all members registered full attendance. Below is a summary PG UIF LFZ BDUJWJUJFT VOEFSUBLFO CZ UIF 3$ JO UIF EJTDIBSHF PG JUT EVUJFT B 3FWJFXFE UIF SFNVOFSBUJPO QBDLBHF PG UIF &YFDVUJWF %JSFDUPST BOE 4FOJPS .BOBHFNFOU XJUIJO UIF (SPVQ C 3FWJFXFE BOE SFDPNNFOEFE UIF %JSFDUPST GFFT BOE CFOFàUT QBZBCMF UP UIF *OEFQFOEFOU /PO &YFDVUJWF %JSFDUPST PG UIF $PNQBOZ UP UIF #PBSE D 3FWJFXFE UIF %JSFDUPST BOE 4FOJPS .BOBHFNFOU 3FNVOFSBUJPO 1PMJDZ BOE (d) Reviewed the Terms of Reference of the RC. A copy of the RC’s Terms of Reference can be found on the Group’s website at https://www.myeg.com.my/ investor_relations (under the “Corporate Governance” tab). RMC Subsequent to the separation of the Audit and Risk Management Committee into two (2) committees namely AC and RMC on 27 February 2020, the Group’s risk management processes, including assessment of key strategic and operational risk is now being monitored by the RMC. 5IF 3.$ DPNQSJTFT UISFF NFNCFST BOE BSF DPNQPTFE BT GPMMPXT GPS UIF ': RMC Members Designation Tan Sri Dato’ Dr. Muhammad Rais Bin Abdul Karim Chairman %BUVL .PIE +JNNZ 8POH #JO "CEVMMBI Member Wong Kok Chau Member During the FY2020, the RMC held three (3) meetings and all members registered full attendance. Below is a TVNNBSZ PG UIF LFZ BDUJWJUJFT VOEFSUBLFO CZ UIF 3.$ JO UIF EJTDIBSHF PG JUT EVUJFT B 3FWJFXFE RVBSUFSMZ SJTL BTTFTTNFOU SFQPSUT XJUI UIF IFBE PG EFQBSUNFOUT BOE (b) Reviewed internal audit report on the operation and business processes. 'VSUIFS JOGPSNBUJPO DBO CF GPVOE JO UIF 3JTL .BOBHFNFOU BOE *OUFSOBM $POUSPM 4UBUFNFOU PO QBHF UP QBHF PG UIJT SFQPSU A copy of the 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). AC The AC assists in providing oversight on the Group’s financial reporting, disclosure, regulatory compliance and monitoring of internal control processes within the Group. Besides that, the AC reviews the quarterly financial results, unaudited and audited financial statements, internal and external audit reports as well as related party transactions. Details of the AC and the description of the activities carried out by the AC during the year is set out in the AC Report on page 111 to 117 of this report. A copy of the AC’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). CORPORATE GOVERNANCE STATEMENT (CONT’D)