cont'd - KNM Steel Sdn Bhd

KNM GROUP BERHAD I Annual Report 201227Corporate Governance Statement (cont’d)Annual General MeetingShareholder meetings, especially the annual general meetings, represent an important platform and forum fordialogue and interaction between the Company and its shareholders. Such general meetings are normally attendedby all Directors. Explanations are provided during shareholder meetings in relation to proposed resolutions on keycorporate proposals to enable shareholders to make informed decisions. Notice of general meetings provides separateresolutions to be proposed at the general meetings for each distinct issue and any item of special business includedin 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 encouraged to further enhance communication betweenshareholders and the Board.The Company’s external auditors and the relevant advisers of the Company will attend such general meetings uponinvitation and be available to answer questions raised where appropriate. The Company accords sufficient time fordiscussion and questions at general meetings, and ensures all questions and issues are properly addressed andexplained thereat. All meetings are recorded by the Company Secretaries in the minutes of the meeting, and copyof which is 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 Directorswould explain and clarify any issues posed by the members of the media regarding the Company, save and exceptfor such information that may be regarded as material or price sensitive in nature, which disclosure shall be madein strict adherence to the disclosure requirements as prescribed under the Listing Requirements and other variouscontractual or statutory rules and provisions that the Group may be subjected to.CORPORATE SOCIAL RESPONSIBILITY (“CSR”) & SUSTAINABILITY INITIATIVESThe Group is committed to observe and alleviate the social well being of the community and carry out their CSR inany manner possible to promote humanitarian works to underprivileged and deserving ones as well as to ensurethe sustainability of the environment, both locally and on the international front.To the Company, CSR starts by integrating business practices that are based on ethical values and respect for thecommunity, environment, shareholders and other stakeholders. The Group CSR framework is designed to deliversustainable value to the society at large, and ensure the interest of the public, including that of the investors in general isadequately protected and the relevant regulatory requirements for which the Company and/or the Group are subjectedto will be duly complied with. The Group continually strives to be a good, caring and responsible corporate citizen.Presently, the Group CSR framework focuses on four main areas, being the environment, the workplace, thecommunity and the marketplace, in no particular order of priority.EnvironmentThe Group manages its operations in a manner which minimises environmental impacts and devotes to all theapplicable environmental regulations in its consumption of resources and generation of waste processes. TheGroup’s Health, Safety and Environment Division establishes, regulates and enforces, among others, the relevantenvironmental policies, rules and regulations for the Group.The Group’s move and diversification into the renewable energy and green technology sectors are based mainly, if notprimarily, on the Group’s dedication to support the reduction of waste and gas emissions into the environment fromits business operations. The Group has embarked into business of renewable technologies for energy, fertilisers andwaste heat recovery systems, carbon dioxide capture and storage, emission control via the following involvements:-1) extraction of biodiesel from palm oil and jatropha, and bioetanol from cassava;2) converting waste to energy, and organic waste to organic fertiliser; and3) engaging in sulphur and mercury removal process systems,as well as such other systems dealing in carbon dioxide capture and storage, emission control and waste heatrecovery systems, etc.Wherever possible, all staff are encouraged to “repair, reduce, reuse and recycle” and adopt energy saving measures,for instance, switching off the lights during breaks and using energy efficient bulbs, wherever possible.