34
GHL Systems Berhad
(293040-D)
Audit and risk
Committee Report
The Audit and Risk Committee Report provides insights into the manner in which the Audit and Risk Committee
has discharged its function for the Group in Financial Year 2014 (“FY 2014”) and also a summary of its various
activities.
FORMATION
The Audit Committee was established as a committee of the Board of Directors of GHL Systems Bhd on 11
February 2003.
On 8 April 2013, the Board of Directors resolved that the Audit Committee be renamed as the Audit and Risk
Committee (“ARC” or the “Committee”).
COMPOSITION
The ARC comprises of four members, all of whom are Non-Executive Directors with the majority being
independent; during FY 2014 as follows:
1. FONG SEOW KEE – Chairman
(Senior Independent Non-Executive Director)
2. GOH KUAN HO
(resigned 3rd March 2015)
(Independent Non-Executive Director)
3. DATUK KAMARUDDIN BIN TAIB
(Independent Non-Executive Director)
4. LIM SZE MEI
(appointed 16th April 2014)
(Non-Independent Non-Executive Director)
TERMS OF REFERENCE
The Terms of Reference for the ARC is accessible to the public on the Company’s official website at
.
com and any update thereof will be uploaded to the website accordingly.
ATTENDANCE OF MEETINGS
The ARC held five (5) meetings during FY 2014. The Company Secretary is responsible for distributing the notice of
the meetings to the Committee members prior to their meetings and recording the proceedings of the meetings
there at. The details of attendance of the ARC members are as follows:
Name Of The Committee Member
Total Attendance Of Meetings
Fong Seow Kee
5/5
Goh Kuan Ho
5/5
Datuk Kamaruddin Bin Taib
5/5
Lim Sze Mei
4/4
