FY 2011 Annual Report - Sheng Siong
FY 2011 Annual Report - Sheng Siong
FY 2011 Annual Report - Sheng Siong
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36 <strong>Sheng</strong> <strong>Siong</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
Directors’ <strong>Report</strong><br />
Audit Committee (Continued)<br />
The Audit Committee has full access to management and is given the resources required for it to discharge its<br />
functions. It has full authority and discretion to invite any director or executive officer to attend its meetings. The Audit<br />
Committee also recommends the appointment of the external and internal auditors and reviews the level of audit and<br />
non-audit fees.<br />
The Audit Committee is satisfied with the independence and objectivity of the external auditors and has recommended<br />
to the Board of Directors that the auditors, KPMG LLP, be nominated for re-appointment as auditors at the forthcoming<br />
<strong>Annual</strong> General Meeting of the Company.<br />
Auditors<br />
By a directors’ resolution in writing dated 6 December 2010, KPMG LLP were appointed as auditors of the Company<br />
until the conclusion of the first <strong>Annual</strong> General Meeting of the Company.<br />
The auditors, KPMG LLP, have indicated their willingness to accept re-appointment.<br />
On behalf of the Board of Directors<br />
Lim Hock Chee<br />
Director<br />
Lim Hock Eng<br />
Director<br />
30 March 2012
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