FORGING AHEAD - Tradewinds Plantation Berhad

MEMBERS AND ATTENDANCE AT MEETINGS
During the financial year ended 31 December 2010, the
Audit Committee held a total of five meetings. Details of
attendance by the Audit Committee members who were in
office during the year under review are set out below:
Name Meetings Attended
# Ooi Teik Huat All 5 meetings
Chairman
Independent Non-Executive Director
Chuah Seong Tat @ Chuah Chee Tat All 5 meetings
Member
Non-Independent Non-Executive
Director
Pakhruddin bin Sulaiman All 5 meetings
Member
Independent Non-Executive Director
# A member of the Malaysian Institute of Accountants.
TERMS OF REFERENCE OF THE AUDIT COMMITTEE
OBjECTIVES
The primary objective of the Audit Committee is to assist the
Board in the effective discharge of its fiduciary responsibilities
for corporate governance, financial reporting and internal
control and compliance with financial reporting standards
and Main Market Listing Requirements of Bursa Malaysia
Securities Berhad. In addition, the Audit Committee will
endeavour to adopt certain practices aimed at maintaining
appropriate standards of corporate responsibility, integrity
and accountability to the Company’s shareholders.
COMPOSITION
1. The members of the Audit Committee shall be appointed
by the Board of Directors from amongst its non-executive
Directors which shall fulfill the requirements of Bursa
Malaysia Securities Berhad from time to time.
2. No Alternate Director shall be appointed as a member of
the Audit Committee.
3. The members of the Audit Committee shall elect a
Chairman from among the members who shall be an
Independent Non-Executive Director. Should the
Chairman be absent from any meeting, one of the
members who shall be an Independent Non-Executive
Director shall be elected as Chairman by the Audit
Committee members.
MEETINGS
CORPORATE GOVERNANCE
1. Meetings shall be held not less than four (4) times in a
year.
2. The presence of a majority of Independent Non-Executive
Directors shall form a quorum for the Audit Committee
Meetings.
3. The Chief Executive Officer, Chief Financial Officer and
representatives of the internal and/or external auditors
shall attend meetings at the invitation of the Audit
Committee.
4. The Secretary to the Audit Committee shall be the
Company Secretary or any other person appointed by
the Audit Committee.
5. The notice and agenda of each meeting shall be sent to
all members of the Audit Committee and any other
persons that may be required to attend. Minutes of each
meeting shall be kept and distributed to each member of
the Audit Committee and of the Board. The Audit
Committee shall repor t and may make such
recommendations to the Board on any audit and financial
reporting matters, as it may think fit.
TRADEWINDS PLANTATION BERHAD
Annual Report 2010
69