BOARD AUDIT COMMITTEE
Board Audit Committee of KLCC REIT Management Sdn Bhd (The Manager)

Mr. Augustus Ralph Marshall
Chairman/ Independent Non-Executive Director
Datuk Manharlal A/L Ratilal
Member/ Non-Independent Non-Executive Director
Dato’ Halipah Binti Esa
Member/ Independent Non-Executive Director
Cik Habibah binti Abdul
Member/ Independent Non-Executive Director(appointed on 26 June 2013)

 

KLCC REIT MANAGEMENT SDN. BHD. (THE "MANAGER") [AS THE MANAGEMENT COMPANY OF KLCC REAL ESTATE INVESTMENT TRUST ("KLCC REIT")]

 

AUDIT COMMITTEE TERMS OF REFERENCE

 

The primary function of the audit committee of the Manager ("Audit Committee") is to assist the board of directors of the Manager ("Board") in corporate governance and management oversight of the management of KLCC REIT.


1.0
COMPOSITION
1.1
The members of the Audit Committee shall be appointed by the Board from amongst the directors on the Board ("Directors") who fulfill the following requirements:
(a)
the Audit Committee must be composed of no fewer than four (4) members with a majority of them being independent Directors;
(b)
the Audit Committee must be made up entirely of non- executive Directors who should be financially literate; and
(c)
at least one (1) member of the Audit Committee:
(i)
must be a member of the Malaysian Institute of Accountants; or
(ii)
if he is not a member of the Malaysian Institute of Accountants, he must have at least three (3) years' working experience and:
(aa)
he must have passed the examinations specified in Part I of the First Schedule of the Accountants Act 1967; or
(bb)
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; or
(iii)
fulfills such other requirements as prescribed or approved by Bursa Malaysia Securities Berhad ("Bursa Securities").
1.2
The members of the Audit Committee shall elect a Chairman from amongst themselves who shall be an independent Director.
1.3
No alternate Director shall be appointed as a member of the Audit Committee.
1.4
In the event of any vacancy in the Audit Committee resulting in the non-compliance of the Main Market Listing Requirements of Bursa Securities ("Listing Requirements") pertaining to the composition of the Audit Committee, the Board shall within three (3) months of that event fill the aforesaid vacancy.
1.5
The terms of office and performance of the Audit Committee and each of its members must be reviewed by the Board at least once every three (3) years to determine whether the Audit Committee and its members have carried out their duties in accordance with their terms of reference set out in these Terms of Reference.

2.0
MEETINGS

3.0
RIGHTS

4.0
FUNCTIONS