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A
N N U A L
R
E P O R T
2 0 1 5
A
ud i t
C
ommi t tee
R
epo r t
2. TERMS OF REFERENCE
•
Membership
e Committee shall be appointed by the Board
of Directors from amongst the non-executive
directors excluding Alternate Directors; which
ful ls the following requirements:
i.
e Audit Committee shall compose of at
least three (3) members;
ii.
e majority of the Audit Committee must be
of independent directors;
iii.
e Chairman of the Audit Committee shall
be an independent director;
iv. All members of the Audit Committee should
be non-executive directors;
v. All members of the Audit Committee should
be nancially literate and at least one of the
members of the Committee must:
a. be a member of the Malaysian Institute of
Accountants (“MIA”); or
b. have at least three (3) years working
experience and
• must have passed the examinations
speci ed in Part I of the 1st Schedule
of the Accountants Act, 1967; or
• must be a member of one of the
associations of accountants speci ed
in Part II of the 1st Schedule of the
Accountants Act, 1967; and
c. ful ll such other requirements as
prescribed by Bursa Malaysia Securities
Berhad (“Bursa Securities”).
In the event of any vacancy in the Audit
Committee, the Company shall ll in the vacancy
not later than three (3) months.
•
Authority
e Audit Committee shall in accordance with the
procedure determined by the Board and at the cost
of the Company:
i. Have explicit authority to investigate any
matter within its terms of reference;
ii. Have the resources which are required to
perform its duties;
iii. Have full and unrestricted access to any
information pertaining to the Company;
iv. Have direct communication channels with the
external auditors and person(s) carrying out
the internal audit function;
e Board of Directors of BHS Industries Berhad (“the Board”) is pleased to present the Audit Committee Report for
the nancial year ended 30 June 2015.
1. COMPOSITION OF AUDIT COMMITTEE
e Audit Committee comprised the following Board members:
Name
Position held
Nature of Appointment
Chew Yuit Yoo
Chairperson
Senior Independent Non-Executive Director
iang Chew Lan
Member
Independent Non-Executive Director
Dato’ Dr. Koe Seng Kheng
Member
Independent Non-Executive Director
