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ANNUAL REPORT 2016
Board Commitment
All Board members are committed to devote sufficient time to carry out their responsibilities effectively. The Directors shall notify the Chairman of
the Board before accepting any new directorship with an indication of time that will be spent on the new appointment. Acceptance of such new
directorship shall not result in a conflict with the discharge of the Directors’ duties to the Company.
The Directors meets at least 4 times per financial year, with additional meetings convened as and when necessary, on dates selected and upon
notice as provided by the Company’s Articles of Association, to deliberate and consider various matters of the Group within the scope of the Board.
The following are the details of attendance of the Directors at all 4 Board meetings held during the FY2016:
Directors
Designation
Attendance
Percentage
Chiang Sang Sem
Group Executive Chairman cum Chief Executive Officer
4/4
100%
Chiang Fong Yee
Alternate Director to Chiang Sang Sem
4/4
100%
Datuk Chiang Heng Kieng
Group Managing Director
4/4
100%
Chiang Sang Bon
Group Executive Director
4/4
100%
Chiang Fong Tat
Group Executive Director
4/4
100%
Dato’ Sri Chiang Fong Seng
Group Executive Director
3/4
75%
Chong Chin Look
Group Finance Director
4/4
100%
Datuk Ng Peng Hong @ Ng Peng Hay
Senior Independent Non-Executive Director
4/4
100%
Dato’ Shahbudin Bin Imam Mohamad
Independent Non-Executive Director
3/4
75%
Chong Sai Sin
Independent Non-Executive Director
4/4
100%
Supply of Information
The Board is furnished with comprehensive data and information of a quality in a timely manner to enable it to discharge its duties and
responsibilities efficiently and effectively. Proposals are supported with management papers and be presented to the Board for evaluation and
consideration. The Board’s deliberations, dissenting views (if any) and decisions are recorded in the minutes of meeting. All the Directors observe
the requirements that they do not participate in the discussions or decision-making of the matters in which they are interested in. Urgent matters
that required immediate attention of the Board may be resolved via directors’ resolutions in writing to speed up the decision-making process.
The Directors have full access to the information within the Group as well as the advice and services of the qualified and competent Company
Secretaries, the Internal and External Auditors and other independent professionals in carrying out their duties and if necessary, at the Company’s
expenses.
Continuous Professional Development
Induction programmes will be conducted for all newly appointed Board members including, where appropriate, visits to the Group’s business and
meeting with the management to facilitate their understanding of the Group’s businesses and operations.
All the members of the Board have attended the Mandatory Accreditation Training Programme (“MAP”) conducted by Bursatra Sdn Bhd. The
Board will continue to assess their own training needs and undergo relevant training and development programmes to enhance their skills and
knowledge and to keep abreast with new developments in the business environment.
STATEMENT ON CORPORATE GOVERNANCE
