Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 90

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 6
Chunk 90
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 capacities as such unless such
losses or damages arise from dishonesty or fraud of such directors or officers. This standard of conduct is generally the same as permitted
under the Delaware General Corporation Law for a Delaware corporation. In addition, we have entered into indemnification agreements with
our directors and executive officers that provide such persons with additional indemnification beyond that provided in our post-offering
amended and restated memorandum and articles of association.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to our directors, officers or persons controlling us under the foregoing provisions, we have
been informed that in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is
therefore unenforceable.

Committees of the Board of Directors

Our Board has established an audit committee,
a compensation committee and a nominating and corporate governance committee. Our Board has not yet adopted procedures by which stockholders
may recommend nominees to the Board. The composition and responsibilities of each of the committees of our Board are described below.
Members serve on these committees until their resignation or until as otherwise determined by our Board.

Audit Committee

Our audit committee consist of Steve Ng Mun Huat,
Alex Chua Siong Kiat and Zoe Yong Goon Wey. Steve Ng Mun Huat is the Chairman of the audit committee. In addition, our Board has determined
that Steve Ng Mun Huat is an audit committee financial expert within the meaning of Item 407(d) of Regulation S-K under
the Securities Act of 1933, as amended, or the Securities Act. The audit committee’s duties, which are specified in our Audit Committee
Charter, include, but are not limited to:

  reviewing and discussing with management and the independent auditor the annual audited financial statements, and recommending to the Board whether the audited financial statements should be in...  

  discussing with management and the independent auditor significant financial reporting issues and judgments made in connection with the preparation of our financial statements;  

  discussing with management major risk assessment and risk management policies;  

  monitoring the independence of the independent auditor;  

  verifying the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law;  

  reviewing and approving all related-party transactions;  

  inquiring and discussing with management our compliance with applicable laws and regulations;  

  pre-approving all audit services and permitted non-audit services to be