Sustainability and Governance Report
Corporate GOVERNANCE
The number of AC meetings held and attendance at the meetings during the financial period ended 31 March 2020 were as follows:
Name of director
Wong King Kheng (Chairman)*
Anthony Clifford Brown (Member)*
Heng Su-Ling, Mae (Member)*
Appointment
Independent
Independent
Independent
*
Some of the meetings attended via tele-conference.
The AC reviewed the following, where relevant, with the executive directors, and the external auditors:
No. of meetings held
Attendance
3
3
3
3
3
3
a. review with the external and internal auditors the audit plan, their evaluation of the system of internal controls, their audit report, their management letter and the management's
response;
b. review the quarterly and annual financial statements and balance sheets and income statements before submission to the Board for approval, focusing in particular, on changes
in accounting policies and practices, major risk areas, significant adjustments resulting from the audit, the going concern statement, compliance with accounting standards as
well as compliance with any stock exchange and statutory/regulatory requirements;
c. review the internal control and procedures and ensure co-ordination between the external auditors and the management, review the assistance given by management to the
auditors and discuss problems and concerns, if any, arising from the interim and final audits, and any matters which the auditors may wish to discuss (in the absence of
management where necessary);
d. review and discuss with the external auditors any suspected fraud or irregularity, or suspected infringement of any relevant laws, rules or regulations, which has or is likely to
have a material impact on the Group's operating results or financial position, and the management's response;
e. review the independence of the external auditors and recommend to the Board the appointment or re-appointment of the external auditors, the audit fee, and matters relating to
the resignation or dismissal of the auditors;
f. review interested person transactions (as defined in Chapter 9 of the Listing Manual of the SGX-ST) to ensure that they are on normal commercial terms and not prejudicial to the
interests of the Company or its shareholders;
g. undertake such other reviews and projects, in particular matters pertaining to acquisitions and realisations, etc., as may be requested by the Board and will report to the Board
its findings from time to time on matters arising and requiring the attention of the Audit Committee; and
h. generally undertake such other functions and duties as may be required by statute or the Listing Manual, and by such amendments made thereto from time to time.
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