Corporate Governance Report

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Intended Outcome
There is an effective and independent Audit Committee.

The board is able to objectively review the Audit Committee’s findings and recommendations. The company’s financial statement is a reliable source of information.

Practice 8.5
Collectively, the Audit Committee should possess a wide range of necessary skills to discharge its duties. All members should be financially literate and are able to understand matters under the purview of the Audit Committee including the financial reporting process.

All members of the Audit Committee should undertake continuous professional development to keep themselves abreast of relevant developments in accounting and auditing standards, practices and rules.

Application Applied
Explanation on application of the practice All members of the Audit Committee have relevant experience and necessary skills and expertise to effectively discharge their duties.

The qualification and experience of each Audit Committee member is disclosed in the Board of Directors’ Profile on pages 5 to 7 of the Annual Report. All members of the Audit Committee had undertaken continuous professional development and details of trainings attended can be found on page 33.

Explanation for departure  
 
Large companies are required to complete the columns below. Non-large companies are encouraged to complete the columns below.
Measure  
Timeframe    

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