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BY
ADJ. PROF DATO’ SYED AMIN ALJEFFRI
EXECUTIVE CHAIRMAN
ALJEFFRIDEAN
CHARTERED ACCOUNTANTS
CORPORATE GOVERNANCE:
• “The process & structure used to direct & manage the
business & affairs of the company towards enhancing
business prosperity and corporate accountability with
the ultimate objective of realising long term
shareholder value, whilst taking into account the
interests of other stakeholders.”
(Report on Corporate Governance 1999)
AljeffriDean
13 Dec 2011 pg 2
FINANCIAL DEBACLE: WHERE WAS THE AUDIT COMMITTEE?
Elect Shareholders’
Shareholders
Auditors
Governance Elect
and
Nominating
Committee Elect
Board of Audit
Appoint
Directors Committee
Appoint
Human
Resources
and
Management Appoint
Compensation
Risk
Committee
Review
Committee
Management
AljeffriDean
13 Dec 2011 pg 3
FINANCIAL DEBACLE: WHERE WAS THE AUDIT COMMITTEE?
AljeffriDean
13 Dec 2011 pg 4
FINANCIAL DEBACLE: WHERE WAS THE AUDIT COMMITTEE?
AljeffriDean
13 Dec 2011 pg 5
FINANCIAL DEBACLE: WHERE WAS THE AUDIT COMMITTEE?
AljeffriDean
13 Dec 2011 pg 6
FINANCIAL DEBACLE: WHERE WAS THE AUDIT COMMITTEE?
AljeffriDean
13 Dec 2011 pg 7
FINANCIAL DEBACLE: WHERE WAS THE AUDIT COMMITTEE?
(Michael Backman, Asian Eclispe – Exposing the Dark Side of Business in Asia
(2001), Revised Edition)
AljeffriDean
13 Dec 2011 pg 8
FINANCIAL DEBACLE: WHERE WAS THE AUDIT COMMITTEE?
THANK YOU
AljeffriDean
FINANCIAL DEBACLE: WHERE WAS THE AUDIT COMMITTEE?
AljeffriDean
13 Dec 2011 Appendix