MISC Annual Report 2017

151 Corporate Governance BOARD AUDIT AND RISK COMMITTEE REPORT CHAIRMAN MEMBERS SECRETARY • Dato’ Sekhar Krishnan Senior Independent Non-Executive Director • Datuk Nasarudin Md Idris Independent Non-Executive Director (Appointed on 20 April 2017) • Sa’adiah Mohd Salleh BARC Secretary • Lim Beng Choon Independent Non-Executive Director • Liza Mustapha Non-Independent Non-Executive Director (Appointed on 1 September 2017) • Dato’ Halipah Esa Independent Non-Executive Director (Retired on 20 April 2017) • Dato’ Kalsom Abd. Rahman Independent Non-Executive Director (Retired on 20 April 2017) The Board Audit and Risk Committee (BARC) of MISC Berhad (MISC or the Company) was established with the objective of assisting the %RDUG RI 'LUHFWRUV WKH %RDUG LQ IXOƓOOLQJ LWV UHVSRQVLELOLWLHV SULPDULO\ UHODWLQJ WR ƓQDQFLDO PDQDJHPHQW ƓQDQFLDO DFFRXQWLQJ risk management framework and process and systems of internal control of the Group. MEMBERSHIP The BARC comprises of 4 members, the majority of whom are Independent Non-Executive Directors of the Company. The Chairman of the BARC, Dato’ Sekhar Krishnan, is a member of the Malaysian Institute of Accountants and the Malaysian ,QVWLWXWH RI &HUWLƓHG 3XEOLF $FFRXQWDQWV 7KH FRPSRVLWLRQ RI WKH %$5& DQG TXDOLƓFDWLRQV RI LWV PHPEHUV FRPSO\ ZLWK 3DUDJUDSK RI WKH 0DLQ 0DUNHW /LVWLQJ Requirements (MMLR) of Bursa Securities Malaysia Berhad (Bursa Securities). 7KH %$5& KDG PHHWLQJV LQ WKH ƓQDQFLDO \HDU HQGHG 'HFHPEHU DQG UHFRUGV RI DWWHQGDQFH RI WKH 0HPEHUV DUH DV IROORZV MEMBER DESIGNATION NUMBER OF MEETINGS ATTENDED Dato’ Sekhar Krishnan Chairman/Senior Independent Non- Executive Director 6 out of 6 Datuk Nasarudin Md Idris (appointed on 20 April 2017) Independent Non-Executive Director 4 out of 4 Lim Beng Choon Independent Non-Executive Director 5 out of 6 Liza Mustapha (appointed on 1 September 2017) Non-Independent Non- Executive Director 1 out of 2 Dato’ Halipah Esa (retired on 20 April 2017) Independent Non-Executive Director 2 out of 2 Dato’ Kalsom Abd. Rahman (retired on 20 April 2017) Independent Non-Executive Director 2 out of 2

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