SARAWAK PLANTATION BERHAD
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Annual Report 2014
Statement on Corporate Governance
II. Board Committees
To assist the Board to discharge its responsibilities effectively, the Board Audit Committee, the
Remuneration and Nomination Committee and the Risk Management Committee were set up. The
Board Audit Committee has been set up since 11 November 2000, the Risk Management Committee
and the Remuneration and Nomination Committee were both set up on 1 May 2007.
The Committees listed below do not have executive powers but report to the Board of Directors on
all matters considered and submit their recommendations to the Board for its approval.
Board Audit Committee
The Board Audit Committee was established on 11 November 2000. It provides assistance to the
Board of Directors in fulfilling its statutory and fiduciary responsibilities by examining and monitoring
the Company’s accounting and financial reporting practices. It also serves as an independent and
objective party in the review of financial information presented by the Management for distribution to
shareholders and the general public.
The Board Audit Committee comprises exclusively of independent directors. The details are as follows:
Name of Committee Member
Designation
Umang Nangku Jabu
Chairman - Independent Non Executive Director
Datu Haji Chaiti bin Haji Bolhassan
Independent Non Executive Director
Azizi bin Morni
Independent Non Executive Director
Ali bin Adai
Independent Non Executive Director
The terms of reference of the Board Audit Committee together with the Audit Committee’s Report are
set out on pages 32 to 35 of the Annual Report. The activities of the Board Audit Committee for the
year ended 31 December 2014 are also set out in the Audit Committee’s Report.
