FGV Annual Report 2015

110 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 Statement on Corporate Governance Report on the audit committee Dear Shareholders The Audit Committee has maintained rigour as it discharges its board mandate in matters relating to risks, financial reporting, internal controls and compliance. For the year under review, the Committee endeavoured to further enhance engagement with Stakeholders with this Annual Integrated Report to provide Stakeholders with better insights into the workings of FGV, whilst maintaining the requirements and guidances from the Bursa Malaysia Main Market Listing Requirements and the MCCG 2012. The focus of the Audit Committee during the year has been on various matters relating to risk management, financial and operational review, internal controls and managing the independence of the external auditors. Dato’ Mohd Zafer Mohd Hashim Chair of the Audit Committee The Board of Directors of Felda Global Ventures Holdings Berhad (FGV or Company) is pleased to present the Report on the Audit Committee for the financial year ended 31 December 2015. The Audit Committee was established on 25 March 2010 to act as a Committee of the Board. The full details of the Audit Committee’s Terms of Reference are published in the Company’s corporate website at www.feldaglobal.com. Composition and Meetings The Audit Committee comprises exclusively of Non-Executive Directors, a majority of whom are Independent Non-Executive Directors. The Audit Committee held seven (7) meetings during the financial year ended 31 December 2015. The members of the Audit Committee during the financial year 2015 and up to 29 March 2016 and the record of their attendance are as follows: DIRECTORS Date of appointment in the Audit Committee Designation Tenure in the Audit Committee Number of meetings attended in 2015 1. Dato’ Mohd Zafer Mohd Hashim (Independent Non-Executive Director) 20 January 2015 Chairman Approximately 1 year 2 months 7 out of 7 2. Fazlur Rahman Ebrahim (Independent Non-Executive Director) 8 April 2014 (Resigned as Chairman/Member on 20 January 2015) Chairman Approximately 9 months Not applicable 3. Tan Sri Ismee Ismail (Independent Non-Executive Director) 17 April 2013 (Resigned as Member on 20 January 2015) Member Approximately 1 year 9 months Not applicable 4. Datuk Dr. Omar Salim (Non-Independent Non-Executive Director) 30 January 2012 (Resigned as Member on 20 January 2015) Member Approximately 3 years Not applicable 5. Dato’ Yahaya Abd Jabar (Senior Independent Non-Executive Director) 7 December 2012 Member Approximately 3 years 4 months 7 out of 7 6. Datuk Nozirah Bahari (Non-Independent Non-Executive Director) 20 January 2015 Member Approximately 1 year 2 months 4 out of 7