The Board of Directors (the "Board") is committed to maintaining the highest standards of corporate governance and strives to continually improve on SCICOM’s governance processes and structures as articulated in the Principles and Best Practices expounded by the Malaysian Code of Corporate Governance ("the Malaysian Code"). In time, the Board will decide on the merit of recommendations relating to the UK Combined Code of the Principles of Good Governance and Code of Best Practice ("the UK Combined Code"), and may adopt those to the applicable principles therein.

The Role of the Board in Corporate Governance

The Board is collectively responsible for striving to promote the success of the Group by directing and supervising its affairs. Additionally, the Board's role is to support the entrepreneurial leadership of the Group within a framework of prudent and effective controls which enable risks to be assessed and managed. It also sets the Group's strategic aims, ensures that the necessary financial and human resources are in place for the Group to meet its objectives and reviews management performance. The Board also establishes the Group's values and standards and ensures that its obligations to its shareholders and other stakeholders are understood and met.

The Audit Committee

SCICOM’s Audit Committee consists of the following Directors.

Chairman of the Audit Committee
Dato’ Mohd Salleh bin Hj Harun
Independent Non-Executive Director

Members of the Audit Committee
Nikolai Dobberstein
Independent Non-Executive Director

Krishnan A/L C K Menon
Non-Independent Non-Executive Director

Loh Lee Soon
Independent Non-Executive Director

The Audit Committee, comprising three (3) Independent Non-Executive Directors and a Non-Independent Non-Executive Director, is responsible for the recommendations to the Board regarding the selection of the external auditors, reviewing the results and scope of the audit and other services provided by the Company's external auditors. In addition, the Audit Committee reviews and evaluates the Company's internal audit and control functions. The Audit Committee is also responsible for the assessment of financial risk and matters relating to related party transactions and conflicts of interest. The Audit Committee may obtain advice from independent parties and other professionals in the performance of its duties.