KENANGA ANNUAL REPORT 2017

2.5 AC Members’ Attendance at AC Meetings Details of the AC members’ attendance at its meetings held during the financial year ended 31 December 2017 are as stated below. 25 January 2017 27 February 2017 28 March 2017 20 April 2017 23 May 2017 20 July 2017 25 October 2017 Number of Meetings Attended % Datuk Kevin How Kow (Ceased as AC Member on 31 May 2017) ü ü ü ü ü NA NA 5 out of 5 100 Luk Wai Hong, William ü ü ü ü ü ü ü 7 out of 7 100 Ismail Harith Merican ü X ü ü ü ü ü 6 out of 7 86 Izlan Izhab (Appointed as AC Member on 7 February 2017) NA ü ü ü ü ü ü 6 out of 6 100 Luigi Fortunato Ghirardello (Appointed as AC Member on 7 February 2017) NA ü ü ü ü ü ü 6 out of 6 100 Jeremy Nasrulhaq (Appointed as AC Member on 1 June 2017 and subsequently re- designated as AC Chairman on 8 September 2017) NA NA NA NA NA ü ü 2 out of 2 100 3. SUMMARY OF THE AC’S ACTIVITIES DURING THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 3.1 Financial Reporting a. In discharging its role and responsibility pertaining to the Company’s financial reporting, the AC had at its meeting held on 25 January 2017, reviewed the quarterly financial statements for the quarter ended 31 December 2016, as well as the annual audited financial statements for the financial year ended 31 December 2016. In reviewing the annual audited financial statements, the AC discussed with Management and the External Auditors, the accounting principles and standards that were applied and their judgment of the items that might affect the financial statements. The AC also deliberated on audit issues and key audit matters raised by the External Auditors and the action plans required to address those issues. b. The subsequent quarterly financial statements for the quarters ended 31 March 2017, 30 June 2017 and 30 September 2017 were tabled and reviewed by the AC at its quarterly meetings held on 20 April 2017, 20 July 2017 and 25 October 2017 respectively, upon which the AC had recommended the quarterly financial statements to the Board for approval. Annual Report 2017 61 audit committee report