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24
BONIA ANNUAL REPORT 2013
THE BOARD OF
DIRECTORS
Board Responsibilities
The Group acknowledges the pivotal role played by the
Board of Directors to lead and control the Company with
the ultimate objective of realising long-term shareholder
value. To fulfill this role, the Board has established various
processes and committees to assist the Board in discharging
these responsibilities. Among others, the reviewing and
adopting the overall strategic plans and programmes,
overseeing and evaluating the conduct of businesses of the
Company and Group, identifying principal risks and ensuring
implementation of appropriate internal controls andmitigation
measures, establishing a succession plan, developing and
implementing a shareholder communication policy for the
Company, reviewing the adequacy and the integrity of the
management information and internal controls systems of
the Company and Group, providing oversight and monitoring
of environmental, social and governance aspects of business
in the Group which underpin sustainability, are within the
scope of the Board.
The Board is mindful of the importance of business
sustainability and strives to maintain an equitable balance
between increasing value for shareholders and being
responsible to society and the environment. Apart from
adopting environmental friendly, ecological and cost effective
operation and supply-chain processes, the Board also sets
up the Group’s objectives and strategies with regard to its
responsibilities to shareholders, employees, customers
and other stakeholders within the business ecosystem to
develop a sustainable future.
The Board Charter, sets out the roles, responsibilities,
processes and functions of the Board was published in the
corporate website and subject to periodic review and update
to ensure compliance with regulatory requirements. The
Board observes the “Code of Ethics for Company Directors”
as prescribed by the Companies Commission of Malaysia
which provides guidance on the standards of conduct and
prudent business practices as well as standards of ethical
behavior to the Directors. Any non-compliance, allegation or
concern on the relevant issues can be reported confidentially
to the designated persons to enable prompt corrective
actions to be taken where appropriate.
Board Commitment
The Board meets at least four (4) times a year, with additional
meetings convened as and when necessary. There were
four (4) Board meetings held during the financial year ended
30 June 2013. The details of attendance of the Directors at
the Board Meetings are as follows:-
The Board of
Bonia
Corporation Berhad, in
recognizing the importance
of corporate governance, is
committed to ensure that
the Group carries out its
business operations with
integrity, transparency and
professionalism.
The Board is pleased
to provide the following
statement, which
outlines the practices
adopted by the Company
in compliance with
the Principles and
Recommendations set
out in the Malaysian Code
on Corporate Governance
2012 (“MCCG”) to protect
and enhance all aspects of
the shareholders’ value.