Ni Hsin Berhad Annual Report 2018

Ni Hsin Resources Berhad (653353-W) Annual Report 2018 22 PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS (continued) 3 Remuneration (continued) The Company Name Fees (RM’000) Meeting Allowance (RM’000) Salaries (RM’000) Bonus (RM’000) Other emoluments (RM’000) Rizvi Bin Abdul Halim 110 - - - - Datin Ida Suzaini Binti Abdullah 36 - - - - Sofiyan Bin Yahya 60 - - - - Datuk Tan Choon Hwa 36 - - - - Leow Chan Khiang 42 - - - - Rithauddin Hussein Jamalatiff Bin Jamaluddin 36 - - - - There is no separate disclosure on the remuneration of the Senior Management as the Executive Directors are the Senior Management and have been disclosed as above and on page 98 of the Audited Financial Statements. PRINCIPAL B: EFFECTIVE AUDIT AND RISK MANAGEMENT 1 ARMC The ARMC comprises three (3) Independent Non-Executive Directors. The Chairman of the ARMC is not the Chairman of the Board, ensuring that the impairment of objectivity on the board’s review of the ARMC’s findings and recommendation remains intact. The ARMC assesses the performance (including independence) and recommends to the Board annually the appointment or re-appointment of the external auditors guided by the factors as prescribed under Paragraph 15.21 of the MMLR of Bursa Securities. The external auditors confirmed that they are and have been independent throughout the conduct of the audit engagement in accordance with the independence criteria set out by the Malaysian Institute of Accountants. Through the ARMC, the Board maintains a transparent relationship with the external auditors in seeking professional advice on the internal control and ensuring compliance with the appropriate accounting standards. The ARMC’s Terms of Reference sets out its rights, duties, responsibilities and criteria on the composition of ARMC, which includes former key audit partner of the Group to observe cooling-off period of at least two (2) years before being able to be appointed as member of ARMC. The NC reviews the composition of the ARMC annually and recommends to the Board for approval ensuring that only Independent Non-Executive Directors who are financially literate and have the required knowledge, skill and experience are considered for membership of ARMC. The composition of the ARMC, including its roles and responsibilities, number of meetings and attendance of ARMC, summary of ARMC activities and Internal Auditors’ activities during the financial year under review are set out in ARMC Report of the Annual Report 2018. Corporate Governance Overview Statement (continued)