Page 117 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

Table 2
Board committees

Committee Key Responsibility Members
1. Audit committee Review effectiveness of the SC’s risk management • Tan Sri Dato’ Hasmah Abdullah
7
and internal control systems and review the (Chairman)
annual financial statements. • Datuk Fazlur Rahman Ebrahim 5
• Tan Sri Noorul Ainur Mohd Nur 11
• Datuk Dr Khaw Lake Tee 12
2. Issues committee Evaluate any proposed issuance and listing of • Datuk Syed Zaid Albar (Chairman)
1
securities of a corporation on the main market; • Tan Sri Dato’ Seri Ranjit Ajit Singh 2
corporate proposals involving acquisition of asset • Datuk Zainal Izlan Zainal Abidin 10
which results in significant change in the business • Dato’ Ahmad Fairuz Zainol Abidin 3
direction or policy of a corporation listed or to be • Datuk Francis Tan Leh Kiah 4
listed on the main market; corporate proposals • Datuk Fazlur Rahman Ebrahim 5
involving the issuance of securities for the • Tan Sri Mohamed Jawahar 6
amalgamation of two or more corporations listed • Prof Dato’ Dr Hassan Said 9
on the main market; and registration of listing
prospectus.
3. Take-overs Review take-over and merger related applications • Datuk Syed Zaid Albar (Chairman)
1
and Mergers of a novel and/ or complex nature and matters • Tan Sri Dato’ Seri Ranjit Ajit Singh
2
committee relating to national policy. • Datuk Zainal Izlan Zainal Abidin 10
• Dato’ Ahmad Fairuz Zainol Abidin 3
• Datuk Francis Tan Leh Kiah 4
• Tan Sri Hasmah Abdullah 7
• Dato’ Dr Mohd Isa Hussain 8
• Johan Mahmood Merican 13
4. Managed Approve the establishment of listed schemes. • Datuk Syed Zaid Albar (Chairman)
1
Investment • Tan Sri Dato’ Seri Ranjit Ajit Singh
2
schemes • Datuk Zainal Izlan Zainal Abidin 10
committee • Dato’ Ahmad Fairuz Zainol Abidin 3
• Datuk Fazlur Rahman Ebrahim 5
• Tan Sri Mohamed Jawhar Hassan 6
• Tan Sri Hasmah Abdullah 7
5. Licensing Evaluate and approve (or reject) application for • Datuk Syed Zaid Albar (Chairman)
1
committee the grant of a new Capital Markets Services • Tan Sri Dato’ Seri Ranjit Ajit Singh 2
Licence (CMSL), applications for new licensed • Datuk Zainal Izlan Zainal Abidin 10
representatives, directors, key management or • Dato’ Ahmad Fairuz Zainol Abidin 3
compliance officers that are submitted together • Tan Sri Mohamed Jawhar Hassan 6
with the new CMSL applications, and applications • Tan Sri Hasmah Abdullah 7
relating to private retirement scheme providers • Tan Sri Noorul Ainur Mohd Nur 11
and consider any policy recommendations relating
to licensing issues.

6. Nomination and Assess and formulate the remuneration of the • Datuk Fazlur Rahman Ebrahim
5
Remuneration Chairman and Deputy Chief Executive (DCE) (Chairman)
committee and make appropriate recommendations to the • Datuk Francis Tan Leh Kiah 4
Minister of Finance. • Tan Sri Mohamed Jawhar Hassan 6
• Prof Dato’ Dr Hassan Said 9

PART 5 »» STATEMENTS, STATiSTiCS ANd ACTiviTiES | 107

NEW_90-222.indd 107 2/21/19 9:30 AM