Corporate Governance and Related Matters
Although the Company is not obliged to comply with the Combined
Code, the Directors and Proposed Directors, in recognising
the importance of sound corporate governance, intend to comply
with the main provisions of the QCA Guidelines for AIM Companies
in such respects as are appropriate for a company of the Company’s
size, nature and stage of development. Accordingly, the Company
has established an audit committee, a remuneration committee
and a nomination committee, with formally delegated duties
and responsibilities.
Audit Committee
The audit committee comprise of Lip Lin Tan, Dato Haji Sulaiman
bin Abu Bakar with Dennis Edmonds as Chairman. It is the committee’s
responsibility to ensure that the financial performance, position
and prospects of the Company are properly monitored and reported
on and for meeting the auditors and reviewing their reports
relating to accounts and internal controls.
Remuneration Committee
The remuneration committee comprise of Lip Lin Tan, Mike
Henry Stainer with Dennis Edmonds as Chairman. It is the committee’s
responsibility to review the performance of executive directors
and set their remuneration and the payment of bonuses to executive
directors and consider the future allocation of share options
to directors and employees.
Nomination Committee
The nomination committee comprise of Dennis Edmonds, Leong
Peng Hoong with Dato Haji Sulaiman bin Abu Bakar as Chairman.
It is the committee’s responsibility to consider the
selection and re-appointment of Directors. It will identify
and nominate candidates to fill board vacancies and review
regularly the structure, size and composition (including the
skills, knowledge and experience) of the Board and make recommendations
to the Board with regard to any changes.
Investment Committee
The investment committee comprise of Lip Lin Tan, Dato Haji
Sulaiman Abu Bakar
, with Peng Hoong Leong as Chairman. It is the committee’s
responsibility to consider investment opportunities and report
to the Board for the Board’s consideration
Rule 21 of the AIM Rules relating to directors’ dealings
The Company has adopted a model code for directors’
dealings in securities of the Company which is appropriate
for a company quoted on AIM. The Directors will comply with
Rule 21 of the AIM Rules relating to directors’ dealings
and will take all reasonable steps to ensure compliance by
the Group’s “applicable employees” (as defined
in the AIM Rules).
Last updated:
15 October, 2008
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