Malaysia Airports Holdings Berhad 160 >> Our Governance C o r p o r a t e G ov e r n a n c e O v e r v i ew S t a t e m e n t Chairman Datuk Seri Yam Kong Choy Senior Independent Non-Executive Director Members Dato’ Zamzuri Abdul Aziz Non-Independent Non-Executive Director Wong Shu Hsien Non-Independent Non-Executive Director Dato’ Mohamad Nasir Ab Latif Non-Independent Non-Executive Director Datuk Azailiza Mohd Ahad Independent Non-Executive Director BOARD FINANCE AND INVESTMENT COMMITTEE (BOFIC) Key Functions Reviews and evaluates performance of external auditors and Internal Audit Division in ensuring efficiency and effectiveness of the Company’s operations, adequacy of internal control system, compliance with established policies and procedures, transparency in decision-making process and accountability of financial and management information. Reviews related party transactions. Composition BAC shall comprise no fewer than four (4) members, all of whom are NEDs with majority being INEDs. At least one (1) member must be a member of the Malaysian Institute of Accountants or possesses the working experience and qualification as prescribed under Paragraph 15.09(1)(c)(ii) of the Listing Requirements of Bursa Securities. BAC currently comprises majority INEDs and its Chairman is a member of the Malaysian Institute of Accountants. Key Functions Reviews and monitors financial investment portfolio of the Group; reviews, evaluates, and assesses prospective investments/ divestments, new businesses, projects, and overseas ventures, taking into consideration factors such as strategic rationale, return on investment and resource requirements of those prospects, and make appropriate recommendations to the Board. Reviews and monitors the progress of all capital projects against the approved project schedule and budget to ensure all deliverables are within schedule and budget. Capital projects include construction of new airports, land development projects and any other expansion projects for domestic and foreign airports. Composition BOFIC shall comprise no fewer than four (4) members and at least one (1) member must be an INED. The composition of BOFIC currently consists of two (2) INEDs.
RkJQdWJsaXNoZXIy ODU0MjU5