ANNUAL REPORT 2008 - KNM Steel Sdn Bhd

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CORPORATE GOVERNANCE STATEMENT (CONT’D) The aggregate remuneration of the Company’s Directors for the financial year ended 31 December 2008 is categorised into appropriate components as follows:- Other Category of Fee Salary* emoluments** Benefits-in-kind (RM) Total Directors (RM) (RM) (RM) ESOS*** Others**** (RM) Executive Directors 320,903 2,611,420 1,189,167 192,000 74,400 4,387,890 Non-Executive Directors 292,000 0 45,800 14,000 0 351,800 Total 612,903 2,611,420 1,234,967 206,000 74,400 4,739,690 Notes: * The salary is inclusive of statutory employer’s contribution to Employees Provident Fund. ** Other emoluments include bonuses and allowances. *** For the financial year under review, none of the Directors was offered share options under the Company’s ESOS except for the 300,000 share options as offered to the Independent Non-Executive Chairman pursuant to the shareholders’ mandate obtained at the Company’s Extraordinary General Meeting held on 27 March 2008. **** Other benefits include the provision of hand-phones and company cars. The aggregate remuneration of the Company’s Directors as analysed into bands for the financial year ended 31 December 2008 is as follows:- No. of No. of Remuneration range Executive Directors Non-Executive Directors Total RM10,000 to RM50,000 – – – RM50,001 to RM100,000 – – – RM100,001 to RM150,000 – 3 3 RM150,001 to RM200,000 – – – RM200,001 to RM250,000 – – – RM250,001 to RM300,000 1 – 1 RM300,001 to RM350,000 – – – RM350,001 to RM400,000 – – – RM400,001 to RM450,000 – – – RM450,001 to RM500,000 – – – RM500,001 to RM550,000 – – – RM550,001 to RM600,000 – – – RM600,001 to RM650,000 1 – 1 RM650,001 to RM700,000 1 – 1 RM700,001 to RM750,000 1 – 1 RM2,050,001 to RM2,100,000 1 – 1 Total 5 3 8 DIRECTORS’ TRAINING The Company realizes and stresses the importance of training and having continuous upgrading of skills, knowledge and competencies as the strategic advancement and competitive tool not just for the Company but also for the personal development of the respective Directors and the relevant staff concerned. It is the commitment of the Board to ensure that Directors will receive further training and be kept updated from time to time. In pursuit of this commitment, the Company has a dedicated training budget for Directors’ continuous education in connection with their duties. The Board shall on a continuous basis, evaluate and determine the training needs of its members which subject matter of training shall be one that aids the Directors in the discharge of his or her duties as a Director. KNM GROUP BERHAD 22 ANNUAL REPORT 2008
CORPORATE GOVERNANCE STATEMENT (CONT’D) All the current Directors of the Company have attended and completed the Mandatory Accreditation Programme and will undergo such similar training or education programmes from time to time to equip and keep themselves abreast of the latest developments in order to discharge their duties and responsibilities more effectively. A brief description of the various training or courses attended by the Directors for the financial year under review is as set out below:- Title of the training programme/ Directors Name of organiser Date Dato’ Mohamad Idris Duties & Liabilities of Company Directors, Impact of 8 January 2008 bin Mansor Companies (Amendment) Act 2007 & Malaysian Code of Corporate Governance (Revised 2007)/ MEF Academy Sdn Bhd Ir Lee Swee Eng Management Leadership Workshop/ 13 March 2008 KNM Group Berhad Managing Sideways/ 10 & 11 Price Pritchett December 2008 Lim Yu Tey Managing Sideways/ 10 & 11 Price Pritchett December 2008 Dato’ Ab Halim Financial Reporting Standards in Malaysia – An Overview/ 9 & 10 bin Mohyiddin Malaysian Institute of Certified Accountants June 2008 (“MICPA”) and Federation of Public Listed Companies The Economic Value Added Approach to Value Creation/ 10 July 2008 PNM Nominee Directors’ Convention Risk Management: Challenges and Opportunities/ 10 July 2008 PNM Nominee Directors’ Convention Board of Directors and Senior Management 23 July 2008 Programme: Briefing on Anti-Money Laundering and Ant-Terrorism Act 2001/ Bank Pembangunan Malaysia Berhad Directors’ Duties and Liabilities, Beyond Compliance/ 21 August 2008 Digi.Com Berhad MICPA-BURSA Malaysia Business Forum 2008/ 20 & 21 MICPA and Bursa Malaysia Securities Berhad October 2008 WHAT’S NEXT – Managing Business Realities and 3 November 2008 Challenges in an Uncertain World/ Utusan Melayu Malaysia Berhad Innovation and Creativity for Business Growth/ 17 November 2008 PNM Lecture Series KNM GROUP BERHAD 23 ANNUAL REPORT 2008
Page 1 and 2: KNM GROUP BERHAD (521348-H) World C
Page 3 and 4: CONTENTS 2 Corporate Information 3
Page 5 and 6: CORPORATE STRUCTURE AS AT 18 MAY 20
Page 7 and 8: Malaysia China Canada USA Brazil Au
Page 9 and 10: CHAIRMAN'S MESSAGE (CONT’D) FINAN
Page 11 and 12: CHAIRMAN'S MESSAGE (CONT’D) GLOBA
Page 13 and 14: 5-YEAR GROUP FINANCIAL HIGHLIGHTS K
Page 15 and 16: PROFILE OF DIRECTORS DATO’ MOHAMA
Page 17 and 18: PROFILE OF DIRECTORS (CONT’D) LEE
Page 19 and 20: CORPORATE GOVERNANCE STATEMENT The
Page 21 and 22: CORPORATE GOVERNANCE STATEMENT (CON
Page 23: CORPORATE GOVERNANCE STATEMENT (CON
Page 35 and 36: AUDIT COMMITTEE REPORT (CONT’D) 2
Page 37 and 38: AUDIT COMMITTEE REPORT (CONT’D) (
Page 39 and 40: STATEMENT ON INTERNAL CONTROL The B
Page 41 and 42: ANALYSIS OF SHAREHOLDINGS as at 18
Page 43 and 44: ANALYSIS OF SHAREHOLDINGS as at 18
Page 45 and 46: LIST OF MAJOR PROPERTIES OWNED BY T
Page 47 and 48: DIRECTORS’ REPORT for year ended
Page 49 and 50: DIRECTORS’ REPORT (CONT’D) Dire
Page 51 and 52: DIRECTORS’ REPORT (CONT’D) Opti
Page 53 and 54: BALANCE SHEETS AT 31 DECEMBER 2008
Page 55 and 56: INCOME STATEMENTS FOR THE YEAR ENDE
Page 57 and 58: CONSOLIDATED STATEMENT OF CHANGES I
Page 59 and 60: CASH FLOW STATEMENTS FOR THE YEAR E
Page 61 and 62: CASH FLOW STATEMENTS FOR THE YEAR E
Page 63 and 64: NOTES TO THE FINANCIAL STATEMENTS (
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NOTES TO THE FINANCIAL STATEMENTS (
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INDEPENDENT AUDITORS’ REPORT TO T
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NOTICE OF ANNUAL GENERAL MEETING NO
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NOTICE OF ANNUAL GENERAL MEETING (C
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KNM GROUP BERHAD (Company No. 52134
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(521348-H)
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ANNUAL REPORT 2008 - KNM Steel Sdn Bhd

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