Full Version Guinness Anchor Berhad Annual Report 2007 - Gab

Corporate Governance3. EXECUTIVE COMMITTEE (EXCO)The responsibilities of the EXCO are to discuss matters in relation to the business, financial performance and strategy of the Group. They are to makerecommendations and suggestions for approval by the Board where appropriate and to make decisions on behalf of the Board where permitted.The EXCO with a majority being Non-Executive Directors comprises the following Members:• Tan Sri Saw Huat Lye (Chairman, Independent Non-Executive Director)• Charles Henry Ireland (Non-Independent Executive Director) (Appointed on 1 May 2007)• David Neill Moore (Non-Independent Non-Executive Director)• Dr Leslie Buckley (Non-Independent Non-Executive Director) (Appointed on 4 January 2007)During the financial year ended 30 June 2007, four (4) EXCO meetings were held and the details of attendance of the Members of the EXCO are asfollows:-Name of MembersTan Sri Saw Huat LyeCharles Henry Ireland(Appointed on 1 May 2007)David Neill MooreDr Leslie Buckley(Appointed on 4 January 2007)Theo A F De Rond(Resigned on 1 May 2007)Quek Peck Leng(Resigned on 19 December 2006)No of EXCO meetings attended4 out of 4 meetings1 out of 1 meetingheld since his appointment4 out of 4 meetings2 out of 2 meetingsheld since his appointment3 out of 3 meetingsheld from 1 July 2006 to the date of his resignation2 out of 2 meetingsheld from 1 July 2006 to the date of his resignation4. SHAREHOLDERSDialogue between the Company and InvestorsThe Group recognises the importance of being accountable to its investors and as such has maintained an active and constructive communicationpolicy that enables the Board and Management to communicate effectively with its investors, stakeholders and the public generally.The Managing Director and Finance Director hold discussions with analysts and Shareholders periodically. Presentations are made or road showsundertaken, as appropriate, to explain the Group’s strategy, performance and major developments. However, any information that may be regarded asundisclosed material information about the Group is not given to any single shareholder or shareholder group.Annual Report 200771Guinness Anchor Berhad (Company No. 5350-X)