My EG Services Berhad Annual Report 2020

MY E.G. SERVICES BERHAD Regisration No. 200001003034 (505639-K) 116 TERMS OF REFERENCE (CONT’D) The Terms of Reference of the AC were as follows: (cont’d) 9. Annual General Meeting The Chairman of the AC should attend the annual general meeting to answer questions raise by the shareholders pertaining to the AC’s activities. 10. Revision of the Terms of Reference This Terms of Reference shall be reviewed annually by the AC. Any revision or amendment to the Terms of Reference, shall first be presented to the Board for its approval. The Terms of Reference of the AC is available on the Company’s website: www.myeg.com.my/investor_relations (under “Corporate Governance” tab). SUMMARY OF ACTIVITIES UNDERTAKEN BY THE AC During FY2020, the AC carried out the following activities in discharging its functions and duties, including the EFMJCFSBUJPO PO BOE SFWJFX PG a) the unaudited quarterly financial statements of the Group to ensure that they are in compliance with the requirements of relevant authorities, prior to the submission to the Board for their approval and release of the Group’s results to Bursa Securities. b) the annual report and annual audited financial statements of the Group prior to submission to the Board for their consideration and approvals. c) the audit plan of the external auditors in terms of their scope of audit prior to their commencement of the annual audit. E UIF FYUFSOBM BVEJUPST SFQPSU JO SFMBUJPO UP BVEJU BOE BDDPVOUJOH JTTVFT BSJTJOH GSPN UIF BVEJU NBUUFST BSJTJOH from the audit of the Group in meetings with the external auditors without the presence of the executive Board members and management. F UIF SF BQQPJOUNFOU PG FYUFSOBM BVEJUPST BOE UIFJS BVEJU GFFT BGUFS UBLJOH JOUP DPOTJEFSBUJPO UIF JOEFQFOEFODF BOE objectivity of the external auditors and the cost effectiveness of their audit, before the recommendation to the Board for approval. f) the internal audit reports which outlined the recommendations towards correcting areas of weaknesses and ensure that there were management action plans established for the implementation of the internal auditors’ recommendation. H UIF FGGFDUJWFOFTT PG UIF JOUFSOBM BVEJUPST BOE UIF SF BQQPJOUNFOU PG JOUFSOBM BVEJUPST BOE NBEF UIF BQQSPQSJBUF recommendation to the Board. h) the related party transactions entered into by the Group to ensure that they were not detrimental to the interests of minority shareholders. i) the terms of reference of AC to ensure that most of the good practices recommended in the MCCG have been implemented by the Company. j) complaints/cases reported in relation to the Whistle Blowing policy. AUDIT COMMITTEE REPORT (CONT’D)