2012 Annual Report - Media Prima Berhad

C. ACTIVITIES OF THE AUDIT COMMITTEE
The Committee carried out the following activities during the year in discharging its duties and responsibilities
as stipulated in its Terms of Reference:
Attendance of Meetings
The Audit Committee held a total of five (5) meetings during the financial year 2012 and the details of
attendance of the Committee members are as follows:
Name of Director
34th ACM
20 Feb 2012
Special ACM
1 Mar 2012
35th ACM
14 May 2012
36th ACM
8 Aug 2012
37th ACM
19 Nov 2012
Dato’ Gumuri Bin Hussain (Chairman)
Tan Sri Dato’ Seri Mohamed Jawhar
Tan Sri Lee Lam Thye
Dato’ Abdul Kadir Bin Mohd Deen
ACM: Audit Committee Meeting
The Audit Committee meets on scheduled basis at
least once every quarter. The Group Managing
Director, the Group Chief Financial Officer and the
Group General Manager, Group Corporate Governance
were also invited for each meeting.
The Audit Committee also invited members of the
Senior Management or relevant employees within the
Group who the Committee deems fit to attend its
meetings to assist in resolving and clarifying matters
raised in audit reports.
The quorum for each meeting shall be three (3)
members. The Company Secretary is responsible for
the co-ordination of administrative details including
calling for meetings, voting and keeping of minutes.
Minutes of each meeting is signed by the Chairman
and distributed to all attendees at the meetings and
members of Committee.
The Audit Committee Chairman briefed the Board on
matters discussed at every Audit Committee meeting.
The Chairman is also responsible to update the Board
about Committee activities and make appropriate
recommendations when necessary. This is to ensure
that the Board is aware of matters that may
significantly impact the financial condition or affairs of
the business.
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The Committee has explicit right to convene meetings
with both the Internal and External Auditors without
the presence of other directors and employees. The
Audit Committee held two meetings with the External
Auditors on 20 February 2012 and 8 August 2012
respectively in the absence of Management and
Executive Directors.
The Chairman of Audit Committee held separate
meetings with the Group General Manager, Group
Corporate Governance prior to every scheduled Audit
Committee meeting.
Risks and Controls
1. Evaluated the overall effectiveness of the system
of internal controls through the review of the
results of work performed by Internal and External
Auditors and discussions with Senior Management.
2. Reviewed the results of the Annual Assessment
exercise.
3. Reviewed the Statement on Risk Management
and Internal Control and Audit Committee
Report prior to their inclusion in the Company’s
Annual Report.
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2012
From Our Perspective Who We Are Our Strategy & Achievements Our Performance Our Responsibility Our Leadership Corporate Governance The Financials Additional Information