2010 Annual Report - Petron

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Y. Bhg. Tan Sri Dato' Dr. Syed Jalaludin Syed Salim Independent / Non-Executive Director and Member of the Board Audit Committee P.S.M., D.S.S.A., D.P.M.P., J.S.M. F.A. Sc., B.V.Sc., University of Punjab, M.Phil. and Ph.D., University of London, D.Sc., Honoris Causa, University of Hull, U. K., D.Sc., Honoris Causa, Soka University, Japan, D.Agriculture Technology, Honoris Causa, Thaksin University, Thailand, D.Sc., Honoris Causa, Open University Malaysia. Y. Bhg. Tan Sri Dato' Dr. Syed Jalaludin Syed Salim, aged 67, a Malaysian and a national science laureate, as well as a founder fellow of the Academy of Sciences Malaysia, was appointed Director of the Company on February 15, 2000. He had a long illustrious academic carrier in both University of Malaya and University Putra Malaysia (UPM) before retiring as Vice Chancellor of UPM in 2001. He was responsible for transforming UPM to become one of the leading centres of higher education. As an accomplished academician, he has helped found many academic societies and associations, and has published over 350 papers in journals and proceedings in the fields of animal science, university management and education. For his meritorious career and services, he has received numerous awards, decorations and honours nationally as well as internationally. He retired from UPM in April 2001. He is the Chairman of Bank Kerjasama Rakyat Malaysia Berhad, Kejuruteraan Samudra Timur Berhad, Taylor's Education Berhad and Halal Industry Development Corporation. He is a Director of TAFI Industries Berhad and is also the Chancellor of Taylor’s University. Y. Bhg. Tan Sri Abdul Halim Ali Independent / Non-Executive Director and Member of the Board Audit Committee P.M.N., P.J.N., S.P.M.S., S.I.M.P., D.G.S.M., D.H.M.S., D.S.D.K., J.S.M., K.M.N. B.A. (Hons.), University of Malaya Y. Bhg. Tan Sri Abdul Halim Ali, aged 67, a Malaysian, was appointed Director of the Company on May 22, 2001. Upon graduation from University of Malaya, he joined the Ministry of Foreign Affairs in 1966. After several domestic and foreign postings, he was appointed the Malaysian Deputy Permanent Representative to the United Nations in 1979. He was appointed Ambassador to Vietnam in 1982 and returned to Malaysia in 1985 to be Deputy Secretary General in the Ministry of Foreign Affairs before being appointed Ambassador to Austria. In 1991, he again returned to Malaysia to be Deputy Secretary General I in the Ministry of Foreign Affairs and in 1996 he was promoted to Secretary General. In July 1998, he was appointed Chief Secretary to the Government, the highest ranking civil service post in the country and was responsible for overseeing and coordinating the policies of the government and their implementation. He retired as Chief Secretary to the Government in March 2001. He currently is the Chairman of the Multimedia Development Corporation and Malaysia Building Society Berhad and he is also a Director of Malakoff Corporation Berhad and IJM Corporation Berhad. Y. Bhg. Dato' Zainal Abidin Putih Independent / Non-Executive Director and Chairman of the Board Audit Committee D.S.N.S., J.P., FCA (ICAEW), CA (M), CPA (M) Y. Bhg. Dato' Zainal Abidin Putih, aged 65, a Malaysian, was appointed Director of the Company on March 6, 2003. Upon qualifying from the Institute of Chartered Accountants in England and Wales, he joined the firm of Hanafiah Raslan & Mohamad, which merged with Ernst & Young in July 2002. He has extensive experience in audit having worked as a practicing accountant throughout his career covering many principal industries including banks, insurance, energy, transport, manufacturing, government agencies, plantations, properties, hotels, investment companies and unit trusts. He also has a good working knowledge of taxation matters and management consultancy, especially in the areas of acquisitions, takeovers, amalgamations, restructuring and public listing of companies. He plays an active role in the community and the corporate world being a Past President of the Malaysian Institute of Certified Public Accountants. He was also a member of the Malaysian Communication & Multimedia Commission, a body set up by the Malaysian government to oversee the orderly development of the multimedia and telecommunication industry in Malaysia. He was the Chairman of Pengurusan Danaharta Nasional Berhad as well as the Malaysian Accounting Standards Board (MASB). He is currently the Chairman of Dutch Lady Milk Industries Berhad and Land & General Berhad. He is also a Director of Tenaga Nasional Berhad and a Director of CIMB Group Holdings Berhad, including its subsidiaries CIMB Bank Berhad and CIMB Investment Bank Berhad. He is also Chairman of CIMB Group's subsidiary Southeast Asia Special Asset Management Berhad. He also acts as a Trustee of the National Heart Institute Foundation. ANNUAL REPORT & ACCOUNTS 2010 13
ESSO MALAYSIA BERHAD Corporate Citizenship - Highlights EMB emerged as a double winner at the STARBiz-ICR Malaysia Corporate Responsibility Award 2010 in the ‘Workplace’ and ‘Community’ categories. It was one of 21 finalists selected from a shortlist of companies listed on Bursa Malaysia and was the only company among the finalists with market capitalisation below RM1 billion to win in two categories. orporate citizenship has long been an integral part of our approach as we conduct our business of providing efficient, affordable and environmentally responsible energy to Malaysia. Being a good corporate citizen is embedded in every facet of our operations; from ensuring the highest standards in safety and health, to protecting the environment, operating with the highest business integrity and contributing to the communities where we work. This section describes the corporate citizenship efforts and accomplishments of EMB and the other subsidiaries of ExxonMobil in Malaysia. Upholding Standards In Corporate Governance and Business Integrity Our efforts to be a good corporate citizen are demonstrated on many fronts, but none is more fundamental than setting and meeting the highest ethical standards for the way we do business. We support transparency, oppose corruption and are committed to honest and ethical behaviour wherever we operate. • Our philosophy on business ethics is enshrined in our Standards of Business Conduct which serves as a guide toward the highest standards of integrity in all our dealings and every aspect of our operations. These are further strengthened by each employee’s annual affirmation of their familiarity with the policies and on-going reviews to assess compliance and identify areas for improvement. • Our Operations Integrity Management System provides a disciplined framework for controlling and managing safety, health, security and environmental risks at all our facilities. It is designed to help minimise operational incidents and meets the requirements of the International Organisation for Standardisation’s standard for environmental management systems (ISO 14001). • In 2010, we conducted refresher training for employees on our business practices to ensure they fully understand company expectations. Controls clinics were organised to encourage dialogue on the application of guidelines and policies. We also conducted training for employees who interact with government officials or may do so in the future to ensure they understand expectations of ethical and honest dealings with governments and obligations to comply with competition laws and anti-trust legislation of the United States. 14 ANNUAL REPORT & ACCOUNTS 2010
Page 3: FINANCIAL HIGHLIGHTS 2010 2009 % RM
Page 11 and 12: CAPITAL EXPENDITURE RM MILLION TOTA
Page 13: ESSO MALAYSIA BERHAD Profile of Dir
Page 17 and 18: ESSO MALAYSIA BERHAD Environmental
Page 20 and 21: CORPORATE GOVERNANCE The Board of D
Page 22 and 23: CORPORATE GOVERNANCE (Continued) An
Page 24 and 25: CORPORATE GOVERNANCE (Continued) In
Page 26 and 27: CORPORATE GOVERNANCE (Continued) Tr
Page 29 and 30: Meetings and Minutes (Continued) Th
Page 31 and 32: ESSO MALAYSIA BERHAD STATUTORY INFO
Page 33 and 34: ESSO MALAYSIA BERHAD STATEMENT OF C
Page 35 and 36: ESSO MALAYSIA BERHAD STATEMENT OF C
Page 37 and 38: ESSO MALAYSIA BERHAD NOTES TO THE F
Page 39 and 40: ESSO MALAYSIA BERHAD 1. BASIS OF PR
Page 41 and 42: ESSO MALAYSIA BERHAD 2. SUMMARY OF
Page 43 and 44: ESSO MALAYSIA BERHAD 2. SUMMARY OF
Page 45 and 46: ESSO MALAYSIA BERHAD 5. REVENUES 20
Page 47 and 48: ESSO MALAYSIA BERHAD 12. PROPERTY,
Page 49 and 50: ESSO MALAYSIA BERHAD 16. RECEIVABLE
Page 51 and 52: ESSO MALAYSIA BERHAD 18. RETIREMENT
Page 53 and 54: ESSO MALAYSIA BERHAD 23. RESERVES 2
Page 55 and 56: ESSO MALAYSIA BERHAD 29. SUPPLEMENT
Page 57: ESSO MALAYSIA BERHAD INDEPENDENT AU

2010 Annual Report - Petron

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