To read our complete Corporate Governance Statement, download our 2004 Annual Report.
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STATEMENT
The Board of Directors of EP Manufacturing Bhd recognizes that the practice of good corporate governance in conducting the business and affairs of the Group with integrity, transparency and professionalism are key components of the Group's continued growth and success. These will not only safeguard and enhance shareholders' value but will, at the same time, ensure that the interests of the stakeholders are protected. Set out below is a statement on how the Group has applied the principles of the Malaysian Code on Corporate Governance.
THE BOARD OF DIRECTORS
Composition of Board
EP Manufacturing Berhad is led and managed by a Board with vast experience in business, commercial, finance and legal matters.
The Board comprises of 6 members which includes an Executive Chairman, a Chief Operating Officer and four Non-Executive Directors (2 of whom are independent).
The Independent Directors are independent of management and majority shareholders. They have thenecessary skills and experiences to make independent judgments on corporate issues pertaining to strategy, performance and human resources including key appointments and standards of conduct. They provide independent views and judgments and safeguard the interests of parties such as minority shareholders. No individual or group of individuals dominate the Board's decision making. The number ofdirectors appointed fairly reflect the investments of the shareholders.
All directors retire from office at least once in every 3 years and offer themselves for re-election.
To get a brief description of each of our board of directors, click here
Responsibilities and Supply of Information
The Board has the overall responsibility of reviewing and adopting a strategic plan for the Group,
overseeing the conduct of the Group's business, identifying principal risks and ensuring the
implementation of appropriate systems to manage these risks, succession planning of senior
management, developing and implementing an investor relations programme or shareholder
communications policy for the Group and reviewing the adequacy and integrity of the Group's internal
control and management information systems. The Board is aware of the importance of corporate
disclosure as highlighted in the Best Practices in Corporate Disclosure issued by the Corporate
Disclosure Best Practices Task Force.
The Board reserved to itself powers in respect of significant areas to the Group's business including
strategic and policy issues, major investment and financial decisions, approval of corporate plans and
acquisition and disposal of business segments.
All Directors receive appropriate and timely information, which includes an agenda and Board papers
prior to the Board meetings to enable the Board to discharge its duties.
All Directors have full access to information pertaining to all matters for the purpose of making
decisions. The Board members has the right to take independent professional advice at the Company's
expense, if necessary. All Directors have access to the advice and services of the Company Secretary who
ensures compliance with statutory obligations, Listing Rules of the Bursa Malaysia Securities Berhad
("Bursa Securities") and other regulatory requirements. The removal of the Company Secretary shall be
a matter for the Board as a whole. |
