Corporate Governance

Vision & Mission Statement

Board Charter

Whistle Blowing Policy

IT Policy

Shareholders Communication Policy

Corporate Governance Policy

The Board of Directors is committed to ensure that the highest standards of corporate governance are practiced throughout the Group as a fundamental part of discharging its responsibilities to protect and enhance shareholder value and the financial performance of the Group.

In place are specific responsibilities discharged to the Executive Committee, Audit Committee, Nominating Committee and Remuneration Committee, governed under its defined terms of reference.

Executive Committee
The Executive Committee is composed entirely of Executive Directors and supported by various heads of departments. The Executive Committee, amongst other activities, is responsible for reviewing the financial and sales performance, operational matters, risk management and audit issues of the Group. The respective heads of operating units are invited to attend the Executive Committee meeting as and when required.

The Non-Executive Directors are not represented in the Executive Committee. However, minutes of the Executive Committee meetings are distributed to all Directors prior to the Board meetings. Queries from the Non-Executive Directors are discussed at the Board meetings.

Audit Committee
The Audit Committee is composed entirely of Independent Non-Executive Directors . The Audit Committee provides a forum for effective communication between the Board, internal auditors and the external auditors and meets every quarter or when necessary. Quarterly and annual financial statements are reviewed by the Audit Committee prior to Board's approval. The Audit Committee also reviews the effectiveness of systems of internal control and risk management practices, as well as the efficiency and effectiveness of the external and internal audit functions. The full terms of reference for the Audit Committee can be found in the link below.

Terms of Reference
Audit Committee

Nominating Committee
The Nominating Committee is composed entirely of Independent Non-Executive Directors . The Nominating Committee, among other activities, is responsible for reviewing and recommending to the Board candidates for directorship to be filled which includes Board Committee. The full terms of reference for the Nominating Committee can be found in the link below.

Terms of Reference
Nominating Committee

Remuneration Committee
The Remuneration Committee is composed entirely of Independent Non-Executive Directors . The Remuneration Committee, among other activities, is responsible for reviewing and recommending to the Board the remuneration packages for the Executive and Non-Executive Directors, Board Committee members and Chief Executive Officer.

   
© 2005 Choo Bee Metal Industries Berhad. All rights reserved.