DELEUM BERHAD UNISON IN DIVERSITY - ChartNexus

34 Unison in Diversity
2. BOARD COMMITTEES (continued)
2.3 Risk Management Committee (continued)
ii) identifying, reviewing and evaluating risks facing the Group and formulating risk management processes and
procedures and establishing risk action plans, where appropriate.
iii) reviewing the adequacy of the Group’s processes to identify the key organisational risks and the systems in
place to monitor and manage these risks.
iv) making necessary recommendations to the Board on risk management and control, where appropriate.
During the financial year, four (4) meetings of the Risk Management Committee were held, at which all the
members of the Committee attended.
No. Name Designation No of Meetings attended
1 Dato’ Seri Abdul Ghani bin Abdul Aziz Chairman 4/4
2 Chandran Aloysius Rajadurai Member 4/4
3. DIRECTORS’ TRAINING
The Company is cognisant of the importance of continuous training for Directors to further enhance their knowledge
and expertise and to keep abreast with latest developments in regulatory requirements and business practices.
During the financial year, the Board attended two (2) in-house training programs on “Financial Reporting Standards
139” and “Towards Business Excellence” conducted by the Company’s external auditors and an external trainer
respectively.
The Directors are also briefed and updated at the scheduled quarterly meetings with any relevant amendments to the
Listing Requirements received from Bursa Malaysia and other relevant topics which are useful to them in discharging
their duties effectively.
For the Non-Executive Directors’ better perspective and understanding of the ongoing operations, the Company
arranged a site visit for the Directors at its operational base where they were briefed and updated on the Group’s
facilities and activities.
The Group will on a continuous basis, evaluate and determine the training needs of its Directors.
4. APPOINTMENT AND RE-ELECTION OF DIRECTORS
The appointment of Directors is undertaken by the Board as a whole upon recommendation by the Joint Remuneration
and Nomination Committee.
In accordance with the Company’s Articles of Association (the “Articles”), at each Annual General Meeting (“AGM”),
one-third (1/3) of the Directors for the time being, or if their number is not three (3) or multiple of three (3), then the
number nearest to one-third (1/3), shall retire from office and be eligible for re-election.
Directors who are appointed by the Board during a financial year are subject to re-election by the shareholders at the
next AGM to be held following their appointments.