X hits on this document

281 views

0 shares

0 downloads

0 comments

15 / 74

YIKON

Corporate Governance Statement (cont’d)

CORPORATION BHD

(527272-V)

RM

Executive

Non-Executive

50,000 and below

-

5

50,001 – 100,000

1

1

100,001 – 150,000

-

-

150,001 – 200,000

1

-

200,001 – 250,000

1

-

250,001 – 300,000

-

-

300,001 – 350,000

-

-

350,001 – 400,000

-

-

400,001 – 450,000

-

-

450,001 – 500,000

-

-

The number of Directors whose remuneration falls into the following bands comprises:-

Range of Remuneration

Number of Directors

Directors’ Training

As of the date of this statement, all the Directors have duly complied with the Listing Requirements in relation to the Mandatory Accreditation Programme. Subsequent to the repeal of the CEP programme in 2005 and the inception of the new requirement that the Board identifies and determines the training needs of its members, the Directors has attended some relevant training programs during the year to enhance their knowledge and expertise in the Group core business and management strategies. The seminars attended included topics on best practices of boardroom affair, ISO 9001:2008 Awareness and FRS Update 2009. Apart from that, frequent visits to the various operational sites have equipped the directors with a through understanding of the Group’s operations.

The Company maintains an orientation programme with the aim of providing an overview of the Group’s business operations and its direction for new Board members.

Relationship with shareholders and investors

The Company acknowledges the importance of regular and timely dissemination of material information and quarterly financial results to shareholders and investors of the Company.

As such, the Company through press releases, annual report, announcements via BURSA LINK and other channel of communications promptly delivers announcements on important events and financial performance of the company to the shareholders and investors. Nevertheless, it is also mindful of the legal and regulatory frame work governing the release of material and price sensitive information.

The Company has also updated its website, www.yikon.com.my and www.yikonhk.com. from time to time during the year, for shareholders and public to access corporate information, news and events to the Company as well as its foreign subsidiaries.

Annual General Meeting (“AGM”)

The AGM is the principal forum for dialogue and interaction with shareholders and to inform shareholders and investors of current developments. Historically, the AGM have been fairly well attended. During the meeting, the Chairman of the Board gave adequate chances for the shareholders to raise questions pertaining to the Group’s operations in the reporting financial year as well as its prospects for the next financial year. Comments and concerns from the shareholders are noted by the management for consideration. It has been the Company’s practice to send notice of AGM and the Annual Reports to its shareholders at least 21 days before the date of the meeting.

Accountability and Audit

Financial Reporting

The Audit Committee scrutinised the information in the annual financial statements and quarterly financial results in order to assist the Directors to present a balanced and understandable assessment of the Group’s position and prospects to the shareholders.

Annual Report 2009

Document info
Document views281
Page views281
Page last viewedSun Jan 22 06:40:50 UTC 2017
Pages74
Paragraphs3772
Words24968

Comments