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

Cik Habibah binti Abdul (Chairperson)
(Independent Non-Executive Director) - Redesignated as Chairperson effective 12 April 2018
Datuk Manharlal a/l Ratilal (Member)
(Non-Independent Non-Executive Director)
Dato' Halipah binti Esa (Member)
(Independent Non-Executive Director)
Puan Farina binti Farikhullah Khan (Member)
(Independent Non-Executive Director) - Appointed as Member effective 23 April 2018

 

KLCC REIT MANAGEMENT SDN. BHD. (Company No. 1026769-H)
("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 3 members with a majority of them being independent Directors;
(b)
the Audit Committee must be made up entirely of nonexecutive Directors who should be financially literate; and
(c)
at least one 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 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 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 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 Nomination and Remuneration Committee annually 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.
1.6
A former key audit engagement partner of the Company's external auditors firm is required to observe a cooling-off period of at least 2 years before he or she could be appointed as a member of the Audit Committee.

2.0
MEETINGS

3.0
RIGHTS

4.0
FUNCTIONS