ASEAN Corporate Governance Scorecard

Level 1 PRIMARY CGS SECTIONS
E.2.29

Does the Audit Committee have primary responsibility for recommendation on the appointment, and removal of the external auditor?

Response

YES. The Audit Committee has the power to recommend the appointment of external auditors in accordance with the Audit Committee Charter. The Audit Committee ensures the rotation requirements of partners of the external auditors in compliance with SEC’s regulations.  

 

Reference:

1. Website - Corporate governance/Board Committees and Charter/ Audit Committee Charter, Duties and Responsibilities Item d

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