2012 Annual Report - Media Prima Berhad

Media Prima Berhad
Statement on
Corporate Governance
Shareholders are encouraged to participate in the
proceedings and ask questions on the operations of
the Group and on any resolutions being proposed.
The Chairman will provide sufficient time for
shareholders’ questions on matters pertaining to the
Group’s performance and seek to explain concerns
raised by the shareholders.
Each item of ordinary and special business included
in the notice of the meeting will be accompanied by
a full explanation of the effects of a proposed
resolution. Separate resolutions are proposed for
separate issues at the meeting and the Chairman
declares the outcome of each resolution after proposal
and secondment are done by the shareholders. A
press conference is held immediately after the AGM
where the Chairman and the Group Managing Director
will clarify and explain issues raised by the media and
analysts. An analyst briefing will also be held in the
course of providing all stakeholders with the latest
updates on the Group.
The Group welcomes inquiries and feedbacks from
shareholders and other stakeholders. All queries and
concerns regarding the Group may be conveyed to
any of the following personnel:
Name
Mohamad Ariff Ibrahim
Group Chief Financial Officer
Phone No: 603 7726 6508
Zafrul Shastri Hashim
Group General Manager,
Legal & Secretarial
Phone No: 603 7729 1345
Sere Mohammad Mohd Kasim
Group General Manager,
Group Corporate Governance
Phone No: 603 7726 3125
Mohd Hisham Md. Shazli
Group General Manager,
Group Risk Management
Phone No: 603 2282 7599
Related Matters
Financial/Investor
Relations
Legal and
Secretarial
Internal Control
and Internal Audit
Risk Management
Name
Laili Hanim Mahmood
Group General Manager,
Regulatory Affairs
Phone No: 603 7726 0891
Mastura Adnan
Group General Manager,
Corporate Communications
Phone No: 603 7725 2135
D. ACCOUNTABILITY AND AUDIT
Related Matters
Regulatory
Compliance
Corporate
Responsibility and
Other Queries
Financial Reporting
The Board aims to present a balanced and
understandable assessment of the Group’s financial
position and prospects in presenting the annual
financial statements and quarterly announcement to
shareholders. This also applies to other price-sensitive
public reports and reports to regulators.
On behalf of the Board, the Audit Committee
scrutinises the financial and statutory compliance
aspects of the audited financial statements and
adherence to internal policies and procedures prior to
full deliberation at the Board level. The Board ensures
the integrity of the Group’s financial reporting and
fully recognises that accountability in financial
disclosure forms an integral part of good corporate
governance practices.
Dividend Policy
The MPB Group integration exercise has significantly
changed the financial landscape of the Group. The
management has proposed a revised dividend policy
that would provide the flexibility to the Group to
channel the excess cash flow to maximise
shareholders’ returns. The dividend policy reflects the
Board’s current views on the Group financial and
cash flow position. It will be reviewed from time to
time as it is the policy of the Board, in recommending
dividend distribution.
116
annual
report
2012
Tuan Haji Zulkifli Haji Mohd
Salleh
Group General Manager,
Stakeholder Management &
Regulatory Affairs
Phone No: 603 7726 0884
Stakeholder
Management
The Board of Directors has approved a dividend
policy with a pay-out ratio ranging from a minimum
of 25% to the maximum of 75% based on;
• PATAMI
• Funding requirement (capital expenditure &
investments); and
• Availability of cash flow.