The Board meets at least quarterly to, inter alia, approve the quarterly announcements to Bursa Securities, statutory financial statements, the Group’s business plans, and also to review the Group’s financial performance and standing. Additional meetings are convened as and when necessary to deliberate on urgent matters.
Board meetings are scheduled in advance to facilitate Directors to plan ahead and to maximise participation. The agenda and a full set of Board papers are distributed at least one week prior to Board meetings to ensure that Directors have sufficient time to read and prepare for discussion at the meetings.
During the current financial year, four (4) Board meetings were held. The Directors attendance for the Board meetings held during the financial year was as follows:
- Mr Krishnan A/L C K Menon – 4/4 (Chairman)
- Dato’ Mohd Salleh Bin Hj Harun – 4/4
- Dato’ Sri Leo Suresh Ariyanayakam – 4/4
- Dato’ Nicholas John Lough @ Sharif Lough bin Abdullah – 4/4
- Ms Karen Judith Goonting – 4/4
- Puan Mahani Binti Amat – 4/4
- Encik Mohd Rashid Bin Mohd Yusof – 4/4
- Datuk Joseph Dominic Silva – 1/1*
- Mr Loh Lee Soon – 1/1**
- Dr Nikolai Dobberstein – 1/1**
* Appointed to the Board on 7th February 2018
** Resigned from the Board on 13th November 2017
All the Directors complied with the minimum 50% attendance requirement in respect of Board meetings held during the financial year ended 30 June 2018 as stipulated under Paragraph 15.05 of the MMLR of Bursa Securities.
Minutes of Board meetings which include a record of the decisions and resolutions of the Board meetings are maintained by the Company Secretary. The Directors have full access to the advice and services of the Company Secretary who is responsible for ensuring that Board meetings procedures are adhered to. The Company Secretary also advises the Board on matters relating to corporate compliance with relevant laws and regulations affecting the Board and the Group, as well as best practices on governance.