Corporate Governance
In October 2017, the Executive Chairman, Pierre Ah Sue, has approved a Corporate Governance Manual. The manual is in compliance with the National Code of Corporate Governance, revised 2016. It highlights how the group is adhering to the main principles of good governance which are as follows:
The Principles of Good Governance that are followed:
Principle 1: Governance Structure;
Principle 2: Structure of the Board and its Committees;
Principle 3: Director Appointment Procedures;
Principle 4: Directors’ Duties, Remuneration and Performance;
Principle 5: Risk Governance and Internal Control;
Principle 6: Reporting with Integrity;
Principle 7: Audit, Internal and External Audit
Principle 8: Relations with Shareholders and Other Stakeholders.
The Group has established internal committees to oversee and ensures that each subsidiary or division adhere's to these good governance principles.