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Statement Of Corporate Governance
(B)
SHAREHOLDERS
TNB is committed to maintaining a constructive
relationship with its shareholders, pursuing its ongoing
commitment to sustain the highest standards
of corporate governance practices throughout the
Group with full appreciation of its impact on longterm
corporate performance and optimal shareholder
value.
Relations Between the Company
and Investors
The Board and Management of TNB recognise the
importance of transparency and accountability to its
shareholders and investors, thereby its pursuit of the
highest standards of corporate governance practices
throughout the Group.
Whilst various channels of communication are
optimised to provide shareholders and investors with
a balanced and comprehensive view of the Group’s
performance and the issues faced by the Group in light
of the challenging environment, the role of investor
relations is entrenched as the communications platform
between the Group and the investor at large. In this
regard, the Investor Relations & Management Reporting
Unit (IRMU), a dedicated unit under the Finance
Division has been entrusted with the responsibility
of coordinating and responding to all queries and
information raised by shareholders, research analysts
and investors. An equal level of importance is placed
on the need for investor relations to channel the views
of the investment community back to the Management
and the Board of Directors.
Under the annual investor relations programme,
TNB participated in 11 utility conferences arranged
by leading investment banks both in Malaysia and
overseas. This provided the platform to meet with fund
managers and investors, both existing and potential,
to update them on the Company’s performance and
to address any issues and concerns that they may
have regarding the Company. During the year TNB
attended 4 investor conferences held in Kuala Lumpur
and 4 international conferences held in Singapore,
Hong Kong, Japan and the United States. In July 2007,
the TNB Management met with its local shareholders
under a domestic roadshow programme arranged by
the Company, whilst in November 2006, TNB accepted
the invitation to go on a non-deal roadshow covering
parts of Europe and the United Kingdom to meet with
investors and fund managers.
In FY2007, TNB met with a total of 200 fund managers
and investors during the conferences and roadshows
attended.
The attendance of the financial community and news
media to TNB’s quarterly financial result presentations,
have been good. The presentations were attended by
research analysts covering TNB, credit-rating agencies,
and media news reporters. Fund managers on the other
hand, were invited to teleconferences for the sessions.
On the average, a total of 85 research analysts, several
news media reporters and fund managers attended
or were teleconferenced in for these quarterly
presentations.
In FY2007, TNB had approximately 68 meetings
with equity research analysts, fund managers and
investors who had requested to meet with company
officials (excluding investors that were seen at
conferences, roadshows and quarterly financial result
presentations).
TNB is a participant in the CMDF-Bursa Research
Scheme (CBRS) which was initiated by Bursa Malaysia
Securities Berhad in 2005. CBRS is aimed at ensuring
a wider research coverage of Bursa Listed companies
and to provide a platform for research to be made
available to retail investors as the research coverage
under CBRS is posted on Bursa’s website.
The company’s website at www.tnb.com.my also
provides easy and quick access to financial, corporate
and other pertinent information on the Group’s
various activities.
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Tenaga Nasional Berhad Annual Report 2007