The document outlines the composition and roles of the Audit Committee, Remuneration Committee, and Nomination Committee of a company. The Audit Committee consists of 3 independent non-executive directors, two of whom are members of the Malaysian Institute of Accountants. The Remuneration Committee determines executive remuneration packages and reviews compensation for non-executive directors. The Nomination Committee recommends board membership candidates and ensures new directors receive proper induction.

1. AUDIT COMMITTEE MEMBERS:
Chairman of the Audit Committee Tan Sri Dato’ Seri
Syed Zainol Anwar Jamalullail Independent, Non-
Executive Director Chairman (Chartered Accountant
of the Australian Society of Certified Practicing
Accountants; Chartered Accountant of the Malaysian
Institute of Accountants)
Dato’ Mohd. Rafik Bin Shah Mohamad Independent,
Non-Executive Director (Member Chartered
Accountant of the Malaysian Institute of
Accountants)
 Tan Sri Datuk (Dr.) Rafiah Binti Salim Independent,
Non-Executive Director Member.

2. AUDIT COMMITTEE
 The code of audit committee requires that the
board establish a committee of at least 3 directors
that is majority comprising of independent non-
execute directors
 At least one member of audit committee must be a
member of MIA
 Based on Nestle report, it shows that all the audit
committee is an independent non- executive
director and two of them is member of Malaysian
Institute of Accountants (MIA).

3. The role of audit committee
to ensure that management does not override
established prudent financial practices and
procedures
 to assist the board of directors in discharging their
responsibilities for financial reporting and internal
controls
 to provide an impartial channel for complaints
concerning the management and direction of a
company

4. LIST THE OTHER BOD COMMITTEES
AND THEIR FUNCTION
1) REMUNERATION COMMITTEE
Function of remuneration committee is to
determine the company’s policy on executive
remuneration packages for the executive
directors to prevent executive directors from
designing their own pay package.

5. The main responsibilities of
the Compensation Committee
to ensure that the compensation and benefits of
the directors commensurate with the level of the
Directors’ responsibilities in light of the Company’s
performance in the industry
 to review and recommend to the Board of
Directors the compensation of Non-Executive
Directors
 to review and approve the annual bonus and
increment of the Executive Directors and the
senior management

6. 2) NOMINATION COMMITTEE
Function of Nomination Committee is to put
together a list of candidates of board membership
for the shareholders to vote on. Companies need
strategic recruitment process, guided and led by a
nomination committee.
The Nomination Committee comprises exclusively
of a majority Independent Non-Executive Directors.
to make recommendations to the Board of
Directors on suitable candidates for appointment to
the Board.

7. The Nomination Committee is empowered by the
Board of Directors to, amongst others, identify,
recommend and nominate suitably the Board of
Directors
 the re–election and re-appointment of directors,
review the independence of directors, ensure the
new directors go through a proper induction
programmer.