Annual report 2009-OK.qxp - Canadia Bank Plc.

Canadia Bank Plc.1- Mr Jimmy Leow Min Fong, Chairman of the Audit Committee2- Mr Charles Vann, Member3- Mrs Pung Carolyne, MemberAuthority and Main Responsibility(1) The Audit Committee is authorized by the board to investigate any activity within its terms of reference.The Committee shall have unrestricted access to both the internal and external auditors and to allemployees of the Bank. The Committee may with the approval of the Board, consult legal or otherprofessionals where they consider necessary to discharge their duties.(2) The Audit Committee shall consider the appointment of the external auditors, the audit fee and anyquestions of resignation or dismissal.(3) The Committee shall review the financial reports and report to the Board.(4) The Committee shall review the report of internal auditors and monitor the performance of theinternal audit department on regular basis.(5) The Committee shall perform any other tasks as directed by the Board.Annual Report 200914MeetingsThe Audit Committee schedules meetings at least once every three months. The Audit Committee held 4meetings in 2009.(2) THE RISK MANAGEMENT COMMITTEEPurposeThe Risk Management is the process of actively managing the risk inherent in the Bank. In order tomanage risks, the Board of Directors defines and forms RMC Committee to oversight the risk profile andapprove the risk management framework.In addition, the Committee shall take responsibilities by the Board's discretionary power to set riskappetites, approve frameworks, policies and procedures for the management of risks.CompositionAt the end of 2009, the Risk Management Committee comprised seven (07) members from the Board andmanagement:1. Mr Gerald Yeo, Chairman of the Risk Management Committee2. Mr Charles Vann, Vice-Chair3. Mr Chen Lee Yiaw Hui4. Mr Dieter Billmeier, Member5. Mr Leng Seng Lan, Member (Risk Manager)6. Mrs. Song Khenglay, Member7. Mr Ou Sophanarith, Member