BIMB Integrated Annual Report 2017

53 Intended Outcome There is an effective and independent Audit Committee. The board is able to objectively review the Audit Committee’s findings and recommendations. The company’s financial statement is a reliable source of information. Practice 8.4 - Step Up The Audit Committee should comprise solely of Independent Directors. Application : Applied. Explanation on adoption of the practice : During the period under review, The AEC composition were as follows:- Name Designation Datuk Zaiton Mohd Hassan Chairman (retired w.e.f. 01/02/2018) Independent Non-Executive Director Puan Noraini Che Dan Chairman (re-designated w.e.f. 02/02/2018) Independent Non-Executive Director Tan Sri Ismail Adam Senior Independent Non- Executive Director Mohd Tarmidzi Ahmad Nordin Independent Non-Executive Director Zahari @ Mohd Zin Idris (retired w.e.f. 17/05/2017) Non-Independent Non-Executive Director Currently, all members of the AEC are Independent Non-Executive Directors. Section 3.0 of the AEC’s Terms of Reference (“TOR”) provides that majority of the AEC members must be independent directors. In addition, it was also provides in the TOR that the AEC must not have any executive director in its membership. The AEC’s TOR is available at www.bimbholdings.com; About Us – Corporate Governance – Board Committee – Audit & Examination Committee