Page 111 - KWAP_AR2022

FoR betteR GoveRnAnce Annual Report 2022 109

At the Board Committees’ meetings, items are Four BAC meetings and four Special BAC meetings were
discussed and, as appropriate, endorsed, approved or held throughout year 2022.
recommended to the Board for approval. Following the
Board Committees’ meetings, the Chairman of each Board BAC Meeting Attendance:
Committee provides the Board with a summary of the main
decisions and discussion points, and the minutes of the No. Name Attendance
Board Committees’ meetings as well as Investment Panel
meetings are presented to the Board for notation hence, 1 Dato’ Azmi Bin Abdullah 8/8
the non-committee members are kept up-to-date with the 2 Datuk Dr. Yacob Bin Mustafa 6/8
work undertaken by each Board Committee.
3 Dato’ Anis Rizana Binti Mohd 8/8
BOARD AUDIT COMMITTEE Zainudin @ Mohd Zainuddin
The Board Audit Committee (BAC) was established to 4 Dato’ Sri Sharifah Sofianny 8/8
provide oversight on KWAP Group’s financial reporting Binti Syed Hussain
process and internal controls framework and to assist 5 Datuk Siti Zainab Binti Omar 1 2/2
the Board in assessing the adequacy of controls in
the processes and procedures undertaken are in
accordance with applicable laws, rules and regulations Summary of the BAC’s Activities:
directives and guidelines established by the relevant
regulatory bodies. Among major issues deliberated by the BAC during the
year 2022 were:
Membership
i. Consolidated Financial Statements of KWAP for the
Currently, BAC comprises five Board members, namely Financial Year Ended 31 December 2021;
a Chairman and four members who have been appointed
by the Board: ii. Internal Audit Plan 2022;

i. Dato’ Azmi Bin Abdullah – Chairman; iii. Internal Audit Department Scorecard 2021 Results;
ii. Datuk Dr. Yacob Bin Mustafa – Member; iv. 2022 Internal Audit Department’s Initiatives;

iii. Dato’ Anis Rizana Binti Mohd Zainudin @ Mohd v. Audit Activity Report; and
Zainuddin - Member;
vi. Internal Audit Reviews and Outstanding Audit Issues of
iv. Dato’ Sri Sharifah Sofianny Binti Syed Hussain – several departments in KWAP.
Member; and

v. Datuk Siti Zainab Binti Omar – Member 1

Dato’ Azmi Abdullah is a member of the Malaysian
Institute of Accountants (MIA).

1 Appointed on 26 August 2022.