Annual Report 2003 - Parkway Pantai

DIRECTORS’ REPORTYear ended 31 December 2003Audit Committee (Cont’d)The Audit Committee has full access to management and is given the resources required for it to discharge its functions.It has full authority and discretion to invite any director or executive officer to attend its meetings.The Audit Committee is satisfied with the independence and objectivity of the external auditors and has recommended tothe Board of Directors that the auditors, KPMG, be nominated for re-appointment as auditors at the forthcoming AnnualGeneral Meeting of the Company.AuditorsThe auditors, KPMG, have indicated their willingness to accept re-appointment.On behalf of the Board of DirectorsANIL THADANIChairmanDR LIM CHEOK PENGManaging DirectorSingapore11 February 200442Parkway Holdings Limited Annual Report 2003