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ANNUAL REPORT 2016
INVESTOR RELATIONS AND SHAREHOLDER COMMUNICATION
Corporate Disclosure
The Company recognises the importance of keeping its shareholders, investors and stakeholders informed of the Group’s performance and
corporate developments. The Board maintains a high level of transparency and accountability in its disclosure procedure by observing the
corporate disclosure framework under Bursa Malaysia Securities Berhad Main Market Listing Requirements and other regulatory bodies to provide
timely and material information of the Group to the public at large to facilitate their decision-making. The Board also refers to the “Corporate
Disclosure Guide” issued by Bursa Malaysia Securities Berhad to address the gaps (if any) and to enhance the quality of its disclosure practices.
Pertinent and updated information of the Group is disseminated vide media conferences, press releases, corporate reports, circulars and
announcements from time to time. The Board also leverages on its website
to provide quick access to information on the Group
to its stakeholders. Alternatively, the Group’s latest announcements on financial reports and corporate developments can be retrieved from the
Bursa Malaysia Securities Berhad’s website at
.
Shareholders Communication
General Meeting is a crucial mechanism in shareholders communication and remains the principal forum for dialogue with shareholders of the
Company. At the general meetings, the shareholders have direct access to the Board and are given the opportunity to discuss about the resolutions
being proposed or about the Group’s businesses and operations in general.
Pursuant to Paragraph 8.29A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, all resolutions set out in the notice
of any general meeting, or in any notice of resolution which may properly be moved and is intended to be moved at any general meeting of the
Company, shall be voted by poll based on the principle of “one share one vote”, and the Company shall appoint at least 1 scruitineer to validate
the votes cast at the general meeting. The mandatory poll voting ensures fairness, transparency and effective representation of the members in
general meetings of the Company.
ACCOUNTABILITY AND AUDIT
Financial Reporting
The Board aims to present a balanced and meaningful assessment of performance and prospects of the Group in all of its financial reports. The
unaudited and audited financial statements of the Group which are drawn up in compliance with the provisions of the Companies Act, 1965 and
the applicable Financial Reporting Standards in Malaysia, and are released to the public within the stipulated time frame, reinforce the Board’s
commitment to ensure the accuracy, completeness and timely dissemination thereof for greater accountability and transparency.
The Directors’ Responsibility Statement made pursuant to Paragraph 15.26(a) of the Main Market Listing Requirements of Bursa Malaysia Securities
Berhad in relation to the Financial Statements is presented in the appropriate section of this Annual Report.
Risk Management and Internal Control
The Board acknowledges their responsibilities for the Group’s risk management and system of internal controls covering not only financial controls
but also operational and compliance controls. The Board takes necessary steps to identify, assess and monitor key business risks, and constantly
review and enhance its internal control system to manage such risks with objective to safeguard the shareholders’ investments and the Group’s
assets.
The Statement on Risk Management & Internal Control in this Annual Report provides an overview on the state of risk management and internal
controls within the Group.
STATEMENT ON CORPORATE GOVERNANCE
