DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
|
Annual Report
2015
32
Statement on
Corporate Governance
(cont’d)
The Audit Committee is responsible for reviewing issues of accounting policies and presentation for external
reporting, monitoring the work of the internal audit function and ensures the objective and professional
relationship is maintained with the external auditors. The role of the Audit Committee and the number of
meetings held during the year as well as the attendance record of each member are spelt out in the Audit
Committee Report on page 43 to 45 of the Annual Report.
Joint Remuneration & Nomination Committee
The Joint Remuneration & Nomination Committee comprises of 4 Non-Executive Directors. The members are:
Name
Position
Encik Polit Bin Hamzah
Chairman
Mr Chia Chu Fatt
Member
Tuan Haji Abdul Aziz Bin Ishak
Member
Mr Koh Ek Chong
Member
The Remuneration and Nomination Committee responsibilities include amongst others, reviewing the Board’s
composition and making recommendations to the Board for appointments of new Directors by evaluating and
assessing the suitability of candidates for appointment to the Board. Due consideration is given to the required
mix skills, knowledge, expertise, experience, professionalism and integrity that the proposed Directors shall bring
to the Board.
The process adopted by Dayang for Board appointments is as follows:
Process of Appointment of Director
Nomination of a new director
Meeting the candidate, if necessary
Evaluation & assesesment of the candidate by Joint Remuneration & Nomination Committee
If suitable, Joint Remuneration & Nomination Committee recommends the
appointment of the candidate to the Board
Board shall appoint the candidate as director, if deemed fit
