(Everyone nod) Chairman : Total amount is RM30,000, everyoneagree with the amount? Dato William : Yes, I agree with that. DatoZahir: I propose the resolution.Dato Hardi
: I seconded.Chairman: I’m sure all executive have come to an agreement. With that, theremuneration of auditor will be RM30, 000.Chong: I represent Ernst & Young to say thank you to you all, reallyappreciate for it. Can cooperate with CSP Holdings Bhd is ourpleasure. Thank you very much.Chairman: Welcome and thank for Ernst & Young provide us the excellentauditing service since our company incorporation.(Everyone clap) 9Chairman: Since Ernst & Young will resign after the last audited account. Nowis about appointment of new auditor, have any suggestion?Dato Hardi: I propose to appoint KPMG as our new auditor.Dato William : Why you think that KPMG is compatible to be ourauditors? Dato Zahir: Wait! As I know George’s wife work as an auditor in KPMG and hiswife owned share in our company. I think that is a conflict of interestif we appoint KPMG as our auditor.Dato Hardi auditor?:
Is that means we can’t appoint them to be our newChairman : Miss Loh, its KPMG cannot be our auditor as what Dato’Zahir said? Secretary: Yes, that is true. According to Company Act, Section 9(1) (c), aperson cannot be appointed as auditor of a company if he/she is ashareholder of the company. RM30,000 penalty will be imposed ifwe appoint KPMG as our auditor.Chairman: Mr. Chong, could you give any suggestion regarding this matter?Chong: Based on my experience in auditing career, I suggest Deloitte.Deloitte is one of the "Big Four" professional services firms alongwith PwC, EY, and KPMG. Deloitte is the largest professionalservices network in the world by revenue and by the number ofprofessionals. The audit work and experience of Deloitte in auditingis undeniable.Chairman Dato Zahir: Thank for your suggestion. : I agree with that. Deloitte is one of theprofessional services network in the world. Deloitte providesprofessionals’ services to more than 200,000 big companies in over150 countries.Dato William : That sounds great. I agree to appoint Deloitte as ournew auditors. Chairman: Everyone agree with appoint Deloitte as our new auditors?(Everyone nod) 10Chairman
: Since everyone agreed with that, then we propose to appointDeloitte as our new auditor. Miss Loh, please prepare a letter toDeloitte that we propose them to be our new auditor and inviteDeloitte to come to our AGM.Secretary: Yes, Mr Chairman, I will prepare the related documents.AGENDA 7: FINANCING MAYA CSP OPERATION Secretary: Now let’s move to the next agenda.Chairman: Recently, I heard that Maya CSP Sdn Bhd encounter a problem tostart their biometric project. So, Mr. Azim can you explain moreabout this issue?Mr. Azim: We are about to start our biometric project in January 2015. Asbeen discussed in previous meeting between directors of MayaCSP Sdn Bhd, our company needs RM 5 million as start-up capital.
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Term
Spring
Professor
professor_unknown
Tags
Chairman, Dato Zahir
