Roles of the Board Commitees

With the efforts to ensure the effective discharge of the Board's duties, the Board has delegated certain functions to certain Committees with each operating within its defined terms of reference. The Chairman of the various Committees will report to the Board on the outcome of the Committee meeting.

The Board has established the following Committees to assist the Board in the execution of its duties:

• The roles of the Audit Committee is to enhance confidence in the integrity of an organization's processes and procedures relating to internal control and corporate reporting including financial reporting.
• Audit Committee is entrust to oversee the transparency and accuracy of financial reporting and disclosures, effectiveness of external and internal audit functions, robustness of the systems of internal audit and internal controls, effectiveness of anti-fraud, ethics and compliance systems, review of the functioning of the whistleblower mechanism and to assess the suitability and independence of external auditors.

• The role of the Remuneration Committee is to assist the Board in its oversight of the remuneration policy and review and recommend to the Board the remuneration package for the Managing Director and other Executive Directors.
• Non-Executive Directors' remuneration is a matter to be decided by the Board as a whole with the Director concerned abstaining from deliberations and voting on the decision in respect of his individual remuneration.

• The role of the Nomination Committee is to assist the Board in ensuring the Board comprises individuals with the requisite skills, knowledge and experience. The Nomination Committee leads in the process of identifying and recommending suitable candidates for directorship to the Board and Board Committees.
• Conduct annual review of the structure, size and composition of the Board, including the balance mix of skills, knowledge, experience and the independence of the non-Executive Directors.
• Conduct annual assessment of the performance of the Board, Committees and the individual Directors.
• Nomination Committee shall comprise exclusively of non-executive directors, a majority of whom must be independent.