Page 77 - S P Setia Annual Report 2016
P. 77

S P Setia Berhad Group                                 Our Business | Our Performance Review | Our Leadership and People   75
          Annual Report 2016                                        | Our Achievements and Accolades | Our Sustainability Statement
                                                                   | Our Governance | Our Financial Statements | Other Information




                                                                                Corporate Governance Statement


          4.   PRINCIPLE 4 - FOSTER COMMITMENT
              4.1   Time Commitment

                   The Board meets at least five (5) times a year at quarterly intervals with additional meetings convened as and when necessary
                   to approve quarterly financial results, business plans, budgets and other business development activities. The Board meetings
                   for the whole year are scheduled in advance at the beginning of each financial year to enable the Board members to plan
                   their schedules accordingly. Senior Management members are invited to attend the Board meetings as and when necessary to
                   brief the Board on proposals submitted for the Board’s consideration. All proceedings of the Board meetings are duly minuted,
                   approved and signed by the Chairman of the Meeting.

                   During the FY2016, Board meetings and Board Committee meetings were held and the attendance record for each Director is as
                   follows:

                                                                                Number of Meetings
                   No.  Name of Directors                      Board       AC         RMC        NRC        EXCO

                   1.   Tan Sri Dato’ Seri Dr. Wan Mohd Zahid
                          Bin Mohd Noordin                     14/14                              6/8
                   2.   Dato’ Khor Chap Jen                    14/14                                        12/12
                   3.   Dato’ Halipah Binti Esa                13/14       4/4 1                            11/12
                   4.   Dato’ Ahmad Pardas Bin Senin           13/14                  6/6         8/8
                   5.   Dato’ Seri Ir. Hj. Mohd Noor Bin Yaacob  13/14                6/6                   11/12
                   6.   Dato’ Zuraidah binti Atan              12/14
                   7.   Tengku Dato’ Ab. Aziz Bin Tengku Mahmud  14/14                5/5 2
                   8.   Noraini Binti Che Dan                  13/14       6/6
                   9.   Philip Tan Puay Koon                   14/14       6/6                   6/6 2
                   10.  Dato’ Azmi bin Mohd Ali                11/11 2     2/2 3
                   11.  Tun Dato’ Seri Zaki bin Tun Azmi       3/3 4                              1/1 4      2/2 4
                   12.  Zainal Abidin bin Jamal                2/2 4                  1/1 4

                   Notes:
                       resigned on 24 August 2016
                   1
                       appointed on 3 March 2016
                   2
                       appointed on 24 August 2016
                   3
                       resigned/ceased on 25 February 2016
                   4
                   All the Directors have complied with the minimum 50% attendance requirement in respect of Board meetings as stipulated by
                   the Listing Requirements and the Company’s Constitution. The Board is satisfied with the level of time commitment given by
                   the Directors towards fulfilling their roles and responsibilities as Directors of the Company. The Board places importance on the
                   contributions given through robust discussions by the Directors at each Board and Board Committee Meeting.
                   The Directors are aware of the limits of directorships they can have in public listed companies quoted on Bursa Securities. While
                   Directors notify the Company Secretaries as and when they are appointed to other boards, the Directors also provide updates of
                   their directorships and shareholdings in other companies on a quarterly basis, which are tabled to the Board for notation.

              4.2   Training

                   All the Directors have attended the Mandatory Accreditation Programme within the timeframe prescribed and/or such extension
                   as allowed by Bursa Securities. The new Director has also attended the orientation programme organised by the Company to
                   familiarise himself with the Group’s business and governance process.

                   The Corporate Secretariat function facilitates the organisation of Directors’ attendance at external programmes while keeping a
                   record of the training received or attended by the Directors. The training records are tabled for notation of the NRC and Board on
                   a half-yearly basis, which assist the NRC and Board on the assessment and determination of the training needs of the Directors.
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