19
A
N N U A L
R
E P O R T
2 0 1 5
S
ta tement on
C
o r po ra te
G
ove r nance
e number of Directors whose annual income falls within the following bands is set out as follows:
*
e executive directors resigned in July 2014.
e aggregated annual remuneration paid or payable to all Directors of the Company are further categorised into
the following components:
Financial Reporting
e Audit Committee has the responsibility to ensure
the Group’s nancial statements comply with applicable
nancial reporting standards. e integrity of nancial
reporting are inuenced by the competency, quality and
integrity of themanagement in charge of the preparation
of nancial reports and the competency, suitability and
independence of external auditors.
As part of the Audit Committee review processes, the
Audit Committee has obtained written assurance from
the External auditors con rming that they are, and have
been, independent throughout the conduct of the audit
engagement in accordance with the terms of all relevant
professional and regulatory requirements. Annually,
the Audit Committee also reviews the appointment,
performance and remuneration of the External Auditors
before recommending them to the shareholders for re-
appointment in the AGM.
Risk Management
Board acknowledges that riskmanagement is an integral
part of good governance. Risk is inherent in all business
activities. It is however, not the Group’s objective to
eliminate risk totally but to provide structural means to
identify, prioritize and manage the risks involved in all
the Group’s activities and to balance between the cost
and bene ts of managing and treating risks, and the
anticipated returns that will be derived from.
Further details of the Group’s systems of risk
management and internal control and the function of
the internal auditors are reported in the Statement on
RiskManagement and Internal Control on pages 20 to 21.
Corporate Disclosure
Communication with shareholders and investors on
all material business and corporate matters of the
Group is important. e results of Group are published
quarterly via the website of Bursa Malaysia Securities
Berhad at
.
e Company also maintains its website at
.
my
containing essential corporate information of the
Group for the interest of the general public. It is
believed
that clear and consistent communication with investors
promotes better appreciation of the Company’s business
and activities, reduces share price volatility, and allows
the Company’s business and prospects to be evaluated
fairly.
Remuneration Bands
Executive Directors
Non-Executive
RM50,000 and below
2*
3
RM100,000 – RM150,000
–
1
RM150,001 – RM200,000
1
–
RM200,001 – RM250,000
1
–
Fees
Salaries
Benet-in-
EPF
Total
and other
kind
emoluments
RM
RM
RM
RM
RM
Executive Directors
–
386,100
6,250
46,332
438,682
Non-Executive Directors
235,740*
–
–
3,840
239,580
*
included meeting allowances of RM27,000.
