Audit committee was formed to be an operating committee that is in charge of overseeing financial reporting and disclosure. The committee also maintains communication with the company Board of Directors for the oversight of accuracy of financial reporting, the monitoring of accounting policies, including possible conflict of interests.
The committee is re-elected biennially.
As at September 18, 2017, Audit Committee, which has totally five members, comprises of independent directors and non-executive directors and one secretary as follows:
|1) Sai Kheim Kham||- Chairman|
|2) Sai Linn Pan||- Member |
|3) Sai Nyi Sar||- Member |
|4) Sai Tun Myint||- Member|
|5) Daw Than Than Htay ||- Secretary|
Daw Than Than Htay has been working on the accounting field for decades and is well-experienced and qualified as an accounting expert. The Board of Directors believes that by appointing her as a secretary of audit committee, she will be able to fulfill her responsibilities quite smoothly and to assist the committee as well.
The audit committee has quarterly regular meeting, and as necessary, the Audit Committee may call for the management and financial officials and staff, and external audit to hold a meeting. In a circumstance requires immediate attention, the Chairman of the Audit Committee may convene an additional or emergency meeting.