ANNUAL REPORT 2008 - KNM Steel Sdn Bhd

CORPORATE GOVERNANCE
STATEMENT (CONT’D)
Annual General Meeting
Shareholder meetings, especially the Annual General Meeting, represent an important platform and forum for
dialogue and interaction between the Company and its shareholders. Such general meetings are normally attended
by all Directors. Explanations are provided during shareholder meetings in relation to proposed resolutions on
key corporate proposals to enable shareholders to make informed decisions. Notice of general meetings provides
separate resolutions to be proposed at the general meetings for each distinct issue and any item of special business
included in a notice of general meeting is accompanied by an explanatory note on the effects of the proposed
resolution. Questions from and interaction with shareholders are highly encouraged and practiced to further enhance
communication between shareholders and the Board.
The Company’s external auditors and the relevant advisers of the Company would attend such general meetings
upon invitation and be available to answer questions raised where appropriate. The Company accords sufficient
time for discussion and questions at general meetings and the Company ensures that all questions and issues are
properly addressed and explained at general meetings. All meetings are recorded by the Company Secretaries and
minutes of the general meetings are available for inspection at the Company’s registered office.
In addition, a press conference will generally be held immediately after such general meetings whereat, the Directors
would explain and clarify any issues posed by the members of the media regarding the Company, save and except
for such information that may be regarded as material or price sensitive in nature, which disclosure shall be made
in strict adherence to the disclosure requirements as prescribed under the Listing Requirements and other various
contractual or statutory rules and provisions that the Group may be subjected to.
CORPORATE SOCIAL RESPONSIBILITY (“CSR”)
The Group is committed to observe and carry out their corporate social responsibilities in any manner possible to
promote humanitarian works to the deserving and underprivileged, to alleviate the social well being of the community
as well as to ensure the sustainability of the environment, both locally and on the international front.
To the Company, corporate social responsibility starts by integrating business practices that are based on ethical
values and respect for the community, the environment, shareholders and other stakeholders. The Group CSR
framework is designed to deliver sustainable value to society at large, while ensuring that the interest of the public,
including investors in general, are adequately protected and complies with the relevant regulatory requirements for
which the Group and the Company are subjected to. The Group continually strives to be good, caring and responsible
corporate citizens.
Presently, the Group CSR framework focuses on four main areas, being the environment, the workplace, the
community and the marketplace, in no particular order of priority.
Environment
The Group manages its operations in a manner which minimises environmental impacts and devotes to all the
applicable environmental regulations in its consumption of resources and the generation of waste processes. The
Group’s Health, Safety and Environment Division establishes, regulates and enforces, among others, the environmental
policies, rules and regulations of the Group.
The Group’s move and diversification into the renewable energy sector is based mainly, if not primarily, on the Group’s
dedication to support the reduction of waste and gas emissions into the environment from its business operations.
Wherever possible, all staff are encouraged to “reduce, reuse and recycle”.
KNM GROUP BERHAD
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ANNUAL REPORT 2008