BUILDING ON OUR EXTENSIVE NETWORK
Audit Committee
The Audit Committee comprises non-executive and independent directors, Tay Puan Siong (who chairs the Audit
Committee), Sam Chong Keen and Leslie Mah Kim Loong and non-executive and non-independent director, Dr
Wee Li Ann.
The Committee meets at least 4 times a year and performs its functions in accordance with the Act.
The Committee reviews the overall scope of both internal and external audits and the assistance given by the
Company’s officers to the auditor. It meets with the Company’s internal and external auditors to discuss the results
of their respective examinations and their evaluation of the Group’s system of internal accounting and financial
controls. The Committee also reviews the annual financial statements of the Company and of the Group and
the auditor’s report thereon before submission to the Board, as well as interested person transactions. All major
findings and recommendations are brought to the attention of the Board of Directors.
Auditor
Ernst & Young LLP have expressed their willingness to accept reappointment as auditor.
On behalf of the Board of Directors,
Wee Kok Wah
Director
Dawn Wee Wai Ying
Director
Singapore
31 July 2015
Directors’ Report
(Cont’d)
31
STAMFORD TYRES CORPORATION LIMITED
