Baker Technology LimitedAnnual Report 2014
69
Options
TheCompanydoes not have anyoutstandingoptions as at 31December 2014.
Audit Committee
TheAuditCommittee (“AC”) carriedout its functions inaccordancewithSection201B(5)of theSingaporeCompanies
Act, Cap. 50, including the followingmain functions:
1.
reviewing the scope, changes, results and cost effectiveness of theexternal audit plan andprocess;
2.
reviewing theGroup’squarterlyand full year resultsannouncement, theaccountingprinciplesadoptedand
theexternal auditor’s reporton thefinancial statementsof theGroupbefore submitting suchdocuments to
theBoard for approval;
3.
reviewing,with the internal auditors, the scopeof the internal audit procedures and the resultsof the internal
audit,monitoring the responses to their findings toensure that appropriate follow-upmeasures are taken;
4.
reviewing the effectiveness of the Group’s material internal controls, including financial, operational and
compliance controls and riskmanagement via reviews carriedout by the internal auditors;
5.
meets with the external and internal auditors andmanagement in separate executive sessions to discuss
anymatters that thesegroups believe shouldbediscussedprivatelywith theAC;
6.
reviewing the independence andobjectivityof theexternal auditors;
7.
recommending the reappointment of theexternal auditor to theBoard;
8.
reviewing the assistancegivenby theCompany’s officers to the auditors;
9.
reports discussions and actions of theAC to theBoardof directorswith such recommendations as theAC
considers appropriate; and
10.
reviewing the interested person transactions in accordance with the requirements of the Singapore
ExchangeSecurities Trading Limited’s ListingManual.
DIRECTORS’
REPORT
