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A
N N U A L
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E P O R T
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ta tement on
C
o r po ra te
G
ove r nance
The Group would leverage on its corporate website
to communicate, disseminate and add depth to the
governance reporting. Pursuant to Para 9.25 those
principal and static governance information such as
charter, board committees’ terms of reference, policies
and codes could be separately published in the website
to avoid dilution of issues in the annual report.
Shareholders’ Right
e Board recognises the need for transparency and
accountability to the Company’s shareholders and regular
communication with its shareholders, stakeholders and
investors on the performance and major developments
in the Group. is is achieved through timely releases
of quarterly nancial results, circulars, Annual Reports,
corporate announcement and press releases. In addition
to the various announcements made during the period,
information on the Company is available on the
Company’s website.
The Company would respond to meetings with
institutional shareholders, analysts and members
of the press to convey information regarding the
Group’s performance and strategic direction as and
when requested. General meetings are an important
avenue through which shareholders can exercise their
rights. e Board would ensure suitability of venue and
timing of meeting and undertake other measures to
encourage Shareholders’ participation in the meetings.
Shareholders are reminded that they have the right to
demand a poll vote at general meetings. Also, poll voting
is mandated for related party transactions that require
speci c shareholders’ approval.
Directors’ Responsibility Statement
e Directors are responsible for ensuring that:
I. e annual audited nancial statements of
the Group and of the Company are drawn
up in accordance with applicable Financial
Reporting Standards, the provisions of the
Companies Act, 1965 and the Main Market
Listing Requirements so as to give a true and
fair view of the state of a airs of the Group
and of the Company for the nancial year, and
II. Proper accounting and other records are
kept which enable the preparation of the
nancial statements with reasonable accuracy
and taking reasonable steps to ensure that
appropriate systems are in place to safeguard
the assets of the Group and to prevent and
detect fraud and other irregularities.
In the preparation of the nancial statements for the
nancial year ended 30 June 2015, the Directors have
adopted appropriate accounting policies and have applied
them consistently in the financial statements with
reasonable and prudent judgments and estimates. e
Directors are also satis ed that all relevant approved
accounting standards have been followed in the
preparation of the nancial statements.
Other Compliance Information
1. Imposition of sanctions and/or penalties
During the nancial year, there were no sanctions
or penalties imposed on the Company and its
subsidiaries, the Directors or the Management by
the relevant regulatory bodies.
2. Non-audit Fees
e amount of the non-audit fees payable to the
external auditors by the Group for the nancial
year ended 30 June 2015 amounted to RM47,000.
3. Material contracts
ere is no material contract entered into by the
Company or its subsidiaries involving directors’
and major shareholders’ interest except for the
announcement which was made on 10 November
2014 in relation to a Master License Agreement
between System Publishing House Sdn. Bhd, a
wholly-owned subsidiary of the Company and
Green Patent Technologies Sdn. Bhd, a company in
which a major shareholder has a 67% interest in its
shares.
