36
JAYA TIASA HOLDINGS BERHAD
Audit Committee
Report
The Board is pleased to present the Audit Committee Report for the financial year ended 30 June 2015.
MEMBERSHIP
The Audit Committee comprises four (4) members. In line with Paragraph 15.09(1)(b) of the Main Market Listing Requirements
(“Listing Requirement”) of Bursa Malaysia Securities Berhad (‘Bursa Securities”), all the four (4) Committee members are
Non- Executive Directors, all of whom are Independent Directors.
COMPOSITION
Chairman of the Audit Committee
Gen (Rtd) Tan Sri Abdul Rahman Bin Abdul Hamid
Senior Independent Non-Executive Director
Members of Audit Committee
i)
John Leong Chung Loong
Independent Non-Executive Director
ii)
Dato’ Wong Lee Yun
Independent Non-Executive Director
iii)
Datuk Talib Bin Haji Jamal
Independent Non-Executive Director
TERMS OF REFERENCE
1 Size and Composition
a.
The Audit Committee shall be appointed by the Board of Directors from among their number and shall comprise
of not less than three (3) members which fulfils the following requirements: -
i.
all the Audit Committee members must be non-executive directors, with a majority of them being
independent directors; and
ii.
at least one (1) member:
(aa) must be a member of the Malaysian Institute of Accountants (MIA); or
(bb) if he is not a member of MIA, he must have at least three (3) years’ working experience and: -
• he must have passed the examinations specified in Part I of the 1st Schedule of the Accountants
Act, 1967; or
• he must be a member of one of the associations of accountants specified in Part II of the 1st
Schedule of the Accountants Act, 1967.
(cc) fulfils such other requirements as prescribed or approved by Bursa Malaysia Securities Berhad.
iii.
No alternate director shall be appointed as member of the Audit Committee.
b.
The Chairman of the Audit Committee shall be appointed by the Board from among their independent directors.
c.
The term of office of each member shall be subject to review every three (3) years.
d.
If a member of the Audit Committee resigns, dies or for any other reason ceases to be a member with the
result that the number of members is reduced to below three (3), the Board of Directors shall, within three (3)
months of that event, appoint such number of new members as may be required to make up the minimum
number of three (3) members.
