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  • LEADING ASIA MAYBANK ANNUAL REPORT 2013
Maybank Financial Statemen 2013
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Audit Committee
Report

The Audit Committee Members of Maybank :

  1. Tan Sri Datuk Dr Hadenan A. Jalil (Chairman)
  2. Dato' Johan Ariffin (Member)
  3. Mr Cheah Teik Seng (Member)
  4. Mr Erry Riyana Hardjapamekas (Member)

A. COMPOSITION AND TERMS OF REFERENCE

Composition

  1. The Committee shall be appointed by the Board of Directors (Board) from amongst its non-executive directors and shall consist of at least (3) three members. The Chairman and the majority of the Audit Committee members must be independent directors and at least one (1) member of the committee must be:
    • a member of the Malaysian Institute of Accountants (MIA); or
    • if he is not a member of the MIA, he must have at least three (3) years working experience; and
      1. he must have passed the examinations specified in Part I of the First Schedule of the Accountants Act, 1967; or
      2. he must be a member of one (1) of the associations of accountants specified in Part II of the First Schedule of the Accountants Act, 1967.
  2. Where the Chairman is unable to attend the meeting, the members shall elect a person among themselves as Chairman.
  3. Review of membership is undertaken once every three (3) years. This review pertains to the terms of office and performance of the members.

Meetings

  1. Meetings shall be held at least once a month or at a frequency to be decided by the Committee and the Committee may invite any person to be in attendance to assist in its deliberations. At least once a year, the Committee shall meet with the external auditor without the presence of Management.
  2. The Committee will regulate its own procedure particularly with regard to the calling of meetings, the notice to be given of such meetings, the voting and proceedings of such meetings, the keeping of minutes, the custody, production and inspection of such minutes.
  3. Upon the request of the external auditor, a meeting is to be convened to consider any matter that the auditor believes should be brought to the attention of the directors and shareholders.

Quorum

The quorum shall be two (2), both of whom are to be independent directors.