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As a company our goal is to build a sustainable business that provides strong returns for our shareholders. The Board is cognisant that sustainable business success is not possible without a clear corporate purpose and sound corporate governance.


The Board also believes that good governance is not just about compliance with rules and regulations, it is also about our culture, behaviour and values and whether we conduct our business responsibly and ethically.

 

In that regard the Board is committed to ensure that the Group’s purpose, culture, values and standards are appropriately set from the top and embedded across the Group, with the Board taking the lead.

 

A key responsibility for me as Chairman is to ensure that the Board is skilled, balanced and effective and delivers strong leadership in securing the long-term success and sustainability of the Group, as well as the creation of long-term value for our stakeholders.

 

I am pleased to inform that the present Board has the dimensions which are necessary for the long-term success of the Group, with a majority of the Board composition comprising Independent Non-Executive Directors. With their vast industry wide expertise and experience, they have brought with them perspectives that are objective and balanced thereby safeguarding the interests of all stakeholders.

 

In discharging its stewardship, the Board is resolute in sustaining the highest standards of corporate governance. This is imperative in order to support our ability to create strategic objectives and value for our stakeholders.

 

As Chairman it is also my duty to ensure the actualisation of the corporate governance framework, in that it is sound, transparent, responsive and protective. The Board is fully committed towards continuously improving the Company’s governance practices and processes to meet the increasingly challenging operating environment.

 

In the coming year, we are optimistic that we will be able to sustain our performance towards further growth. We will continue to be committed to acting with transparency and integrity and fostering the right culture within our businesses.

 

I am pleased to present our Corporate Governance Overview Statement for the financial year under review which describes how the Board functions and the approach we have taken to ensure effective governance and oversight of the Group’s business.


TAN SRI DR. ALI HAMSA
Chairman