Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

Authority
i. The Committee is authorised to investigate any matter within its terms of reference and shall have unrestricted
access to obtain any information it requires from any employee of the Group.
ii. The Committee is authorised to direct any employee of the Group to appear before it to give information or
clarifi cation as required.
iii. The Committee is also authorised by the Board to obtain outside legal or any other independent professional
advice and to secure the attendance of outsiders with relevant experience and expertise.
iv. Where the Committee is of the view that a matter reported by it to the Board has not been satisfactorily
resolved resulting in a breach of Bursa Securities Listing Requirements, the Committee is also required to
promptly report such matter to Bursa Securities.
Meetings and Minutes
i. The Committee shall meet not less than four times a year although additional meetings may be called at
any time at the Chairman’s discretion. The quorum of each meeting shall be a majority of independent nonexecutive
directors.
ii. In addition to the Committee members, the meeting will normally be attended by representatives of the
external auditors, the Group Managing Director, the Group Chief Financial Offi cer, the Group Internal Auditor
and any appropriate persons as determined by the Chairman.
iii. The Company Secretary shall be the Secretary to the Committee. Prior to each meeting, an agenda shall be
sent to all members of the Committee. Minutes of each meeting shall be kept and distributed to each member
of the Committee and the Board.
Meetings In 2011
During the year ended 31 December 2011, the Committee held six meetings which were attended by the members
as follows:
Name of Director Total Meetings Attended
Kevin How Kow 6 / 6 (100%)
Y A M Tan Sri Dato’ Seri Syed Anwar Jamalullail 6 / 6 (100%)
Datu Michael Ting Kuok Ngie 6 / 6 (100%)
The Committee held two meetings with the external auditors on 31 March 2011 and 24 November 2011 without the
presence of Management to discuss the results of the audit, extent of cooperation provided by the Company and
offi cers and any other observations that they may have during the annual audit.
Activities of the Committee in the Year 2011
Group Audit Committee Report
The Committee carried out its duties in accordance with its term of reference during the fi nancial year. The main
activities undertaken by the Committee were as follows:
• Reviewed the audit plan with the external auditors and their evaluation of the system of internal control;
• Reviewed the assistance given by the Company’s and Group’s offi cers to the external auditors;
• Reviewed accounting/audit issues, fi ndings and other reservations arising from the external audit and ensure
that appropriate action is taken;
Annual Report 2011 61