TERMS OF REFERENCE OF AUDIT COMMITTEE

  1. RIGHTS AND AUTHORITY

    5.1

    The Committee is authorised to:

    a)

    investigate any matter within its terms of reference;
    b)

    have adequate resources required to perform its duties;

    c)

    have full and unrestricted access to information, records and documents relevant to its activities;

    d)

    have direct communication channels with the External and Internal Auditors;

    e)

    engage, consult and obtain external legal or other independent professional advice in furtherance of its duties; and

    f)

    convene meetings with the External Auditors, Internal Auditors, Property Manager or its service providers or all of them, excluding the attendance of other Directors and employees of the Company, whenever deemed necessary.
    5.2

    The Committee is not authorised to implement its recommendations, save and except for the internal audit function, on behalf of the Board but shall report its recommendation back to the Board for its consideration and implementation.
    5.3

    Where the Committee is of the view that a matter reported by it to the Board has not been satisfactorily resolved resulting in a breach of the MMLR or the Securities Commission Malaysia’s (“SC”) Guidelines on Listed Real Estate Investment Trusts (“Listed REIT Guidelines”), the Committee is authorised to promptly report such matters to Bursa Securities and/or SC.