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YIKON

Audit Committee Report

CORPORATION BHD

(527272-V)

Members

The committee consisted of three (3) members of which all of them are Independent Directors. A member of the Malaysian Institute of Accountants. The Chairman is an Independent Director. No alternate Director has been appointed as member. A meeting was held on 24 February 2010 whereby the terms of office and performance of the members of the Audit Committee has been reviewed and the Board is satisfied with the committee’s performance. The Members of the Audit Committee are:

Name Dato’ Noor Ahmad Mokhtar Bin Haniff Y.M. Tunku Mohamed Alauddin Tunku Naquiyuddin

Ng Chin Nam (Appointed on 12-06-09)

Designation Chairman Member Member

Directorship Independent Non-Executive Director Independent Non-Executive Director Independent Non-Executive Director

Activities of the Audit Committee

Meetings

Five (5) meetings were convened by the Audit Committee during the financial year ended 31 December 2009. These meetings were appropriately structured through the use of agendas, which were distributed to members. The Company Secretary acted as the Secretary for the committee at all the meetings held. Other Directors and senior management of the Group were also present at these meetings upon invitation.

The attendance at the meetings is tabled as below:

-

N/A

N/A

N/A

Feb-09

Apr-09

May-09

Aug-09

Nov-09

Summary of Activities

Directors Dato’ Noor Ahmad Mokhtar Bin Haniff

Y.M. Tunku Mohamed Alauddin Tunku Naquiyuddin

Ng Chin Nam (Appointed on 12-06-09)

The Audit Committee carried out its duties in accordance with its terms of reference during the year. The main activities undertaken by the Committee were as follows:

Auditor’s performance.

management’s response. Discussed with management actions taken to improve the system of internal control based on improvement opportunities identified in the internal audit reports.

to the Board for their consideration and approval.

of the audit work, including any restrictions on the scope of activities or access to required information.

Requirements of the Bursa Securities, Malaysian Accounting Standards Board and other relevant legal and regulatory requirements.

The review and discussions were conducted with the senior management of the Company.

Annual Report 2009

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