Quality - UAC Berhad

Statement on Internal ControlUAC BERHAD OVERSIGHT STRUCTUREUAC BERHADBoard of DirectorsExternal Audit Nomination Remuneration Chief Strategic Share OptionAudit Committee Committee Committee Executive Planning Portfolio CommitteeOfficer/ Committee CommitteeInternalManagingAuditDirectorOperationsRisk Budget and Subsidiary Establishment Quality Credit Work Safety TechnologyManagement Operations Management Committee Management Committee Committee ReviewCommittee Review Committees Committee CommitteeCommitteeThe functions of the Board committees above are described in the Corporate Governance Statement on pages 27 to 31.The key roles of the abovementioned management committees are depicted below:Management CommitteeRisk Management CommitteeBudget and OperationsReview CommitteeSubsidiary Management CommitteesEstablishment CommitteeQuality Management CommitteeCredit CommitteeWork Safety CommitteeTechnology Review CommitteeFunctionsResponsible for monitoring the risk management activities of the Group.Additional details are given in the following page on Enterprise RiskManagement Framework.Responsible for monitoring both the financial and non-financialperformance of the Company as well as evaluation of other factorsaffecting operations.Responsible for the monitoring both the operational and financialperformance of subsidiary companies as well as evaluation of otherfactors affecting their operations.Responsible for focusing on policy setting in relation to employeerelated issues.Responsible for all MS ISO 9001:2000 related matters includingmonitoring compliance and resolution of audit findings.Responsible for reviewing credit policies and monitoring the creditposition of customers.Responsible for monitoring occupational health and safety practices.Responsible for setting the direction and monitoring of research anddevelopment activities37