KENANGA ANNUAL REPORT 2019

H OW W E A R E G O V E R N E D 1 2 3 4 5 75 6 7 2.3 In addition, separate private discussions were also held between the Chairman of the AC and/ or the AC with the GCIA and between the AC and the External Auditors, Messrs. Ernst & Young PLT, without the presence of Management. During the financial year under review, the AC met with the External Auditors without Management’s presence twice, i.e. on 30 January 2019 and 24 October 2019 after tabling of the Audit Results in respect of the Financial Year Ended 31 December 2018 and the External Auditors’ 2019 Audit Plan respectively. During these meetings, the AC sought the feedback from the External Auditors with regard to the support provided by Management in terms of providing timely and accurate information, as well as the adequacy of resources in the financial reporting functions. Based on the External Auditors’ feedback, Management was noted to have provided full cooperation to the External Auditors in the course of the External Auditors’ audit assignments. The External Auditors had also indicated that Management had been very pro-active in approaching them for any issues arising during the year, which contributed to an effective audit planning by the External Auditors. 2.4 In fulfilling the AC’s reporting responsibility to the Board, after each meeting, the Chairman of the AC reported the AC’s deliberations and recommendations to the Board. Minutes of each AC meeting were recorded and tabled for confirmation at the following AC meeting and subsequently presented to the Board for notation. 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 2019 are as stated below. 30 January 2019 25 February 2019 22 April 2019 25 July 2019 26 August 2019 24 October 2019 Number of Meetings Attended % Jeremy Nasrulhaq √ √ √ √ √ √ 6 6 100 Izlan Izhab √ √ √ √ √ √ 6 6 100 Luk Wai Hong, William √ √ √ √ √ √ 6 6 100 Ismail Harith Merican √ √ √ √ √ X 5 6 83 Kanagaraj Lorenz √ √ √ √ √ √ 6 6 100 AUDIT COMMITTEE REPORT