Roles & Responsibilities

Role of Board

In principle, all members of the Board individually or collectively have adopted its role which includes, but is not limited to the following responsibilities for effective discharge of their duties.

  1. Reviewing and approving the overall strategic plans and direction of the Company;

  2. Overseeing and evaluating the performance and conduct of the Company's businesses;

  3. Reviewing the adequacy of the Company's internal control systems and risk management system;

  4. Reviewing and approving the Company's annual budget, annual and quarterly financial results, major capital expenditure, acquisitions and disposals of major assets, new ventures or investment and other significant corporate matters and policies;

  5. Succession planning of the Chairman and Senior Management for key executive roles.

  6. Evaluating the Board's and individual director's performance on an annual basis.

  7. Ensuring investor relations programs and shareholder communication policy are in place.

Role of Chairman

There is a clear division of responsibilities between the roles of the Chairman and the Managing Director to ensure that there is equilibrium of power and authority in managing and directing the Group. The Chairman provides leadership, governance and efficient functioning of the Board with specific responsibilities as follows:

  1. Presiding over Board meetings and Company meetings and directing Board discussions to effectively address critical issues facing the Company;

  2. Promoting constructive and respectful relationships between Board members and management;

  3. Ensuring effective communication with shareholders and relevant stakeholders.

Role of Group Managing Director

Group Managing Director, with the assistance of other Executive Directors and senior management team is responsible for the overall performance and day-to-day management of the Company's businesses. With all the specific authorities delegated by the Board, Group Managing Director is accountable for:

  1. Setting vision and business direction for the Company;

  2. Overseeing that day-to-day business affairs of the Company are effectively managed;

  3. Ensuring that the Company's strategies, plans and corporate policies are effectively implemented;

  4. Building the Company's culture and values;

  5. Leading, managing and motivating senior management team;

  6. Acting as a spokesperson for the Company and maintaining effective relations with key stakeholders.

Role of Committees

The Board may from time to time establish Committees and delegate its specific functions or tasks to the Committees to assist the Board. All such Committees must be provided with written terms of reference which clearly state the extent and limits of their responsibilities and authority. The following Committees have been established by the Board as at to date.

  1. Audit Committee

  2. Nomination Committee

  3. Remuneration Committee

  4. Risk Management Committee