Quarterly meetings with Tanjong’s Audit Committee to review inter-alia, internal control matters as part of corporate governance. The Audit Committee has written terms of reference and functions.

Management budgeting process culminates in an annual Group budget. The budget is adopted by the Board and the financial results achieved are reported against budget where major variances will be analysed and/or discussed.

Annual statutory audits and interim financial review are carried out by external auditors.

The implementation of the Legal and Regulatory Framework adds credence to the overall monitoring process of Powertek Group.