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82 | S P SETIA BERHAD GROUP | Annual Report 2014

1.12 Directors’Training

All Directors have attended the Mandatory Accreditation Programme prescribed by Bursa Securities. During the financial year,

Directors and Senior Management attended the following training programmes and seminars to further broaden their perspective,

skills, knowledge and to keep abreast of the relevant changes in law, regulations and the business environment:-

(1)

Board Chairman Series : The Role of The Board Chairman;

(2)

Enhanced Understanding of Risk Management and Internal Control Workshop;

(3)

Common Breaches of Listing Requirements with Case Study & New Amendments to Listing Requirements;

(4)

PNB Nominee Directors’ Convention 2014 : Managing Stakeholder Activism Expectation in the Competitive & Fast Changing

Business Trends;

(5)

Corporate Governance Statement ReportingWorkshop;

(6)

Briefing session on:-

• Personal Data Protection Act 2010

• Construction Industry Payment and Adjudication Act 2012

• Competition Act 2010;

(7)

Housing Development in Klang Valley : Current Policies and Sharing Best Practices;

(8)

Anti-Money Laundering and Anti-Terrorism Financing for Directors and Senior Management;

(9)

Nominating Committee Program;

(10) Advocacy Sessions on Corporate Disclosure for Directors of Listed Issuers;

(11) Workshop on ASEAN Corporate Governance Scorecard;

(12) Presentation & Public Speaking for Business Leader Workshop;

(13) Great Companies Deserve Great Boards;

(14) Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Refresher Session;

(15) Corporate Governance, The Best Bet;

(16) PNB Investment Series: Global Competitiveness andThe Malaysian Experience;

(17) Board Education Session on Intervention and Failure Resolution Readiness;

(18) ASEAN Fixed Income Summit; and

(19) Breakfast Series with Beverly Behan: How Good Boards Become Great and How Great Boards Stay That Way.

Apart from participating in various discussion sessions and workshops, Tun Dato’ Seri Zaki BinTun Azmi had delivered lectures at St

Catherine’s College, Oxford University, England and University Malaysia Sabah in year 2014.

The Directors will continue to undergo other relevant training programmes and seminars from time to time as they consider

necessary to equip themselves with the relevant knowledge and ideas to discharge their duties effectively.

1.13 Succession Planning

During the financial year ended 31 October 2014, Tan Sri Dato’ Sri Liew Kee Sin resigned as the President/CEO of the Company on

30 April 2014 followed by Dato’ Teow Leong Seng who resigned as the Chief Financial Officer of the Company on 15 June 2014.

Dato’ Voon Tin Yow, the then Deputy President/Chief Operating Officer (“COO”), assumed the role of the Acting President/CEO

effective 1 May 2014 arising from the departure of Tan Sri Dato’ Sri Liew Kee Sin and has tendered his resignation as the Acting

President/CEO of the Company with effect from 1 January 2015. Dato’ Khor Chap Jen, who is the current Acting Deputy President/

COO, will assume the position of Acting President/CEO of the Company with effect from 1 January 2015 and Datuk Wong Tuck

Wai will assume the position as the Acting Deputy President/COO concurrently. The changes above were part of the management

succession plan approved by the Board to ensure smooth transition of management and continued success of the Group.

2.0 DIRECTORS’ REMUNERATION

The Company’s remuneration policy for Directors is designed to enable the Company to attract and retain experienced and knowledgeable

individuals of the caliber needed to support the Company’s ambitious expansion plans in line with its overall objective of delivering

long-term value to its shareholders. The remuneration packages are structured to incentivize and encourage creativity and innovation

appropriate for a property, infrastructure and construction company.

corporate Governance Statement

IV. Corporate Governance