Change - S P Setia Berhad

50
Annual report 2008
Corporate Governance
Statement
The Board of Directors (“Board”) is committed to maintain a high standard of corporate governance throughout the Group by adopting
and applying the Malaysian Code of Corporate Governance (“Code”) to enhance shareholders’ value and the financial performance of
the Group.
The following paragraphs describe how the Group has applied the principles set out in the Code and save where otherwise identified,
its compliance with the best practices of the Code for the year ended 31 October 2008.
A. BOARD OF DIRECTORS
1. The Board
The Company is led and controlled by the Board which assumes overall responsibility for corporate governance, strategic
direction and investments made by the Company.
2. Board Meetings
The Board meets at least once every quarter and additional meetings are convened as and when necessary. Meetings were
scheduled at the start of the year to enable Board members to plan their appointment schedule. All proceedings of the
Board Meetings are duly minuted and signed by the Chairman of the Meeting. During the financial year under review, the
Board met five times and the attendance record for each Director is as follows:
Name of Director Total Meetings Percentage of
Attended Attendance (%)
Tan Sri Abdul Rashid bin Abdul Manaf * 5/5 100
Tan Sri Dato’ Sri Liew Kee Sin 5/5 100
Dato’ Voon Tin Yow 5/5 100
Yap Kok Weng 5/5 100
Teow Leong Seng 5/5 100
Khor Chap Jen 5/5 100
Chang Khim Wah 5/5 100
Tan Sri Lee Lam Thye 4/4 100
(appointed w.e.f. 17.12.2007)
Tan Sri Dato’ Hari Narayanan a/l Govindasamy 5/5 100
Dato’ Leong Kok Wah 5/5 100
Datuk Ismail bin Adam 5/5 100
Ng Soon Lai @ Ng Siek Chuan * 5/5 100
* Tan Sri Abdul Rashid bin Abdul Manaf and Mr Ng Soon Lai @ Ng Siek Chuan attended the following meetings via
teleconferencing as they were overseas at the time:
Name of Director
Date of Meeting
Tan Sri Abdul Rashid bin Abdul Manaf 23 October 2008
Ng Soon Lai @ Ng Siek Chuan 25 September 2008
All the directors have complied with the minimum 50% attendance requirement in respect of Board meetings as stipulated
by the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).