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Statement on Internal Control cont’dBOARD’S CONCLUSIONThe Board is pleased to disclose that the state of the Group’s Internal Control System is generally adequate, effective, and in line withglobal best practices. The Board is also of the opinion that the adopted ERM Framework provides an adequate systemic mechanism forcontinuous principal risks identification, assessment, monitoring, and control. For the financial year under review, there were no materialcontrol failures or weaknesses that have resulted in any material loss to the Group that requires disclosure herein. The Board’s conclusionis reached based on its review as mentioned above, and also on the following:• Periodic internal audit reports and discussion with the Audit Committee• Periodic management report on the state of the company’s affairs which also covers the state of internal controls• Operating Units’ CEO/CFO’s Internal Control Certification & Assessment Disclosure• Review of work done by the respective Risk Management Committees and work groups• Our assessment on the general state of affairs and performance of the Group81ANNUAL REPORT 2007IOI Corporation Berhad
Statement of Directors’ Interestsin the company and related corporations as at 30 August 2007Name of Director Direct % Indirect %The CompanyNo. of ordinary shares of RM0.10 each *Tan Sri Dato’ Lee Shin Cheng 46,022,670 0.77 2,340,256,543 39.36Dato’ Lee Yeow Chor 5,263,000 0.09 2,334,298,143 39.26Dato’ Yeo How 712,500 0.01 - -Lee Cheng Leang 456,000 0.01 - -Datuk Hj Mohd Khalil b Dato’ Hj Mohd Noor 308,750 0.01 - -Chan Fong Ann 6,400,625 0.11 158,611,321 2.67SubsidiariesIOI Properties BerhadNo. of ordinary shares of RM1.00 eachTan Sri Dato’ Lee Shin Cheng 810,200 0.25 2,009,800 0.62Dato’ Lee Yeow Chor 15,000 - 2,009,800 0.62Dato’ Yeo How 4,000 - - -Chan Fong Ann 11,200 - - -Kapar Realty And Development Sdn BerhadNo. of ordinary shares of RM1,000 eachTan Sri Dato’ Lee Shin Cheng 100 27.03 - -Property Skyline Sdn BhdNo. of ordinary shares of RM1.00 eachTan Sri Dato’ Lee Shin Cheng - - 1,111,111 10.00Property Village BerhadNo. of ordinary shares of RM1.00 eachTan Sri Dato’ Lee Shin Cheng - - 1,000,000 10.00By virtue of their interests in the shares of the Company, Tan Sri Dato’ Lee Shin Cheng and Dato’ Lee Yeow Chor are also deemed to beinterested in the shares of all the subsidiaries of the Company to the extent the Company has an interest.* Adjusted pursuant to the Share Split on 6 June 2007IOI Corporation BerhadANNUAL REPORT 2007 82
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Our Vision... is to be a leading co
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Chairman’s StatementDear Valued S
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Responsibility“ Today, more than
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Group Performance Highlights2007 20
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Efficiency“The future belongs to
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Management’s Discussion and Analy
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PALM OIL BUSINESS STREAMManagement
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Page 61 and 62: Corporate InformationBOARD OF DIREC
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Page 74 and 75: Corporate GovernanceINTRODUCTIONThe
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Page 82 and 83: Statement on Internal ControlINTROD
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Page 90 and 91: Other Information cont’dPENALTIES
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Page 95 and 96: Global PresenceNORTH AMERICA• USA
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Page 99 and 100: Corporate CalendarNov 2006• IOI P
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Page 103 and 104: Social ContributionSep 2006• Yaya
Page 105 and 106: Social Contributions cont’dMay 20
Page 107 and 108: Directors’ ReportThe Directors of
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Notes To The Financial Statements c
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Statement By DirectorsIn the opinio
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Group PropertiesA. PLANTATION ESTAT
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Group Properties cont’dA. PLANTAT
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Group Properties cont’dB. DEVELOP
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Group Properties cont’dC. INVESTM
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Group Properties cont’dD. INDUSTR
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Group Properties cont’dE. OTHER P
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Notice of Annual General MeetingNOT
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Notice of Annual General Meeting co
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Statement Accompanying Noticeof Ann
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Shareholders Information cont’das
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fold herestampThe Company Secretary
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