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Board Audit Committee Reportvii) Review internal audit results and reportsfrom the GCIA including the report on theGroup’s internal controls and progress inremedying any material control deficienciesraised by GIA.viii) Approve the appointment or terminationof the GCIA and the senior staff membersof GIA.ix)Take cognisance of resignations of theGCIA and staff members of GIA and providethe resigning GCIA or staff members anopportunity to submit his/her reasons forresigning.x) Annually review and appraise theperformance of the GCIA, including therole and effectiveness of GIA.xi)Be informed, referred to and agree on theinitiation, commencement and mechanismof any disciplinary proceeding/investigation,including the nature and reasons for thesaid disciplinary proceeding/investigation,including the nature and reasons for thesaid disciplinary proceeding/investigation,as well as the subsequent findings andproposed disciplinary actions against theGCIA. As an employee of the Group, theGCIA is subject to the Group’s humanresource policies and guidelines, includingdisciplinary proceedings/investigations andactions.xii) Review the assistance and co-operationgiven by the Group and its employees tothe External Auditors and report the sameto the Board.xiii) Ensure that GIA should be independent ofthe activities they audit and should beperformed with impartiality, proficiencyand due professional care. The Board orthe BAC should determine the remit ofGIA.xiv) Where there is an audit assignment initiatedby GIA that has a bearing upon allsubsidiaries or that the subsidiaries’ financialresults will affect the audit opinion of theGroup, the respective subsidiaries InternalAudit office shall adhere to the requestand include such audit assignment in itsrespective audit plan.5.4 Company Oversighti) Review the adequacy and integrity of theGroup’s internal control systems andmanagement information systems, includingsystems for compliance with applicablelaws, rules, directives and guidelines.ii)iii)iv)Review the Company’s policies andpractices with respect to risk assessmentand management.Consider major findings of internalinvestigations and management’sresponse.Review management’s monitoring ofcompliance with the Company’s code ofbusiness ethics.v) Monitor the process for dealing withcomplaints received by the Group regardingaccounting issues, internal control mattersor auditing matters and the confidential,anonymous submission by employees ofconcerns regarding questionable accountingor auditing matters.Annual Report 2009 • 097