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Board Composition
The Board currently has five (5) members comprising two (2) Independent Non-Executive Directors, one (1) Non-Independent Non-Executive Director, one (1) Group Managing Director and one (1) Executive Director, thus complying with the listing requirements of Bursa Securities for the MESDEQ Market (“MESDEQ Market Listing Requirements”) for a minimum of one-third of the Board to be independent directors. The Board comprises professionals with diverse experience and qualifications in various fields such as information technology, finance, accounting, legal and business managements as well as those with long extensive hands-on experience in the trade which the Group is involved in. The Board believes that this current composition has the required collective skills for the board to provide clear and effective leadership for the Group.
Supply of Information
The management has the responsibility and duty to provide the entire Board with all the information, of which it is aware, to facilitate the effective discharge of the Board’s duties. Matters specifically reserved for the Board’s consideration and decisions are normally dealt with at the Board meetings. Prior to the Board meetings, all Directors receive the Board papers in advance together with the notice calling for each meeting. The Board papers are comprehensive and encompass both quantitative and qualitative factors so that informed decisions can be made by the Directors at the meetings. Besides Board meetings, the board exercises control on matters that require the Board’s approval through the passing of Directors’ Circular Resolutions prepared from time to time by the Company Secretary. All Board members have access to the advice and services of the Company Secretary and all the information relating to the Group to assist them in the furtherance of their duties. If required, the Directors may engage the services of independent professionals at the Company’s expense. Before incurring any professional fee, the Director concerned must seek the approval of the Board.
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