annual report - Tenaga Nasional Berhad

W h i l s t v a r i o u s c h a n n e l s o fcommunication are optimised toprovide shareholders and investors witha balanced and comprehensive viewof the Group’s performance and theissues faced by the Group in light ofthe challenging environment, the roleof investor relations is entrenched asthe communications platform betweenthe Group and the investor at large.In this regard, the Investor Relations& Management Reporting Unit(“IRMU”), a dedicated unit under theFinance Division has been entrustedwith the responsibility of coordinatingand responding to all queries andinformation raised by shareholders,research analysts and investors. Anequal level of importance is placedon the need for investor relations tochannel the views of the investmentcommunity back to Management andthe Board of Directors.T h e A n n u a l I n v e s t o r R e l a t i o n sProgramme which serves to providethe Management opportunities andplatforms to interact with investors,analysts as well as the media. Theevents and activities scheduled in theProgramme include:-• Quarterly results announcement• Analyst briefing/conference call• Full year results announcement• Analyst briefing/conference call• Dividend payment• Preparation and release of AnnualReport• Annual General Meeting• Site visits• Investor Day/Domestic road-shows• International road-shows• Major international broker conferencesThe programme is reviewed and updatedperiodically as and when invitations forIR events are received.During the year under review, the unithad organised and participated invarious local and international eventswhich include:-• Conferences and forums organizedby research houses including CLSA,Credit Suisse First Boston, JP Morgan,Morgan Stanley and Deutsche Bank.In the Financial Year TNB attended 5of these conferences/forums.• Announcement of quarterly financialresults to the financial communityand the media. During theseevents, teleconferencing facility wasarranged to enable the investmentcommunities at major financialcenters worldwide to listen as wellas participate in the briefings. Onaverage, some 87 participants fromthe financial community and themedia attended or took part in theteleconferencing during the quarterlypresentations in the Financial Year.• The Invest Malaysia exhibitionorganised by Bursa Malaysia.• One-on-one and group meetings withequity and fixed income investorsand analysts. These meetings haveproven to be the most effectivemedium to enhance investors’understanding and perception ofthe Group. In the Financial Year,TNB attended a meeting to meetthe local fund managers organisedby CIMB.• Aside from the conferences andmeetings attended outside ofTNB premises, Management andIR frequently played host to localand international fund managersand investors who requested formeetings at TNB offices. Duringthe year under review, TNB heldapproximately 120 of such meetings(excluding Quarterly announcementof financial results).In the Financial Year, TNB hadapproximately 68 meetings with equityresearch analysts, fund managers andinvestors who had requested to meetup with company officials (excludinginvestors that were seen at conferences,road shows and quarterly financialresults presentations).Constructive Use of the AnnualGeneral MeetingThe Annual General Meeting (AGM) isthe principal avenue for shareholders tocommunicate and engage in dialoguewith the Board and Management ofTNB. The highlights of the Companytechnical and financial performancewhich is made via visual presentation ismade by the Chairman and President/Chief Executive Officer at the AGM.The turnout of shareholders at generalmeetings of TNB has always beenhigh. A total of 3835 shareholders andproxies attended the Seventeenth AGMheld in 2007.Constructive dialogue between the Boardand the shareholders are encouragedwhereby at the AGM, shareholders aregiven the opportunity to raise questionon issues pertaining to the Company’sFinancial and Operational performance.The shareholders can exercise their votingrights and the meeting is convened instrict compliance with the laws andprocedures of general meeting. Separateresolutions are proposed for separatemotions and the Chairman will declarethe outcome of each resolution afterproposal and secondment are done bythe shareholders. Each item of ordinaryand special business in the notice of thegeneral meeting would be accompaniedby a full explanation of the effects of theproposed resolution. Shareholders are alsogiven the opportunity to put forward theirquestions on the proposed resolutions andon the Group’s operations. The Chairmanwill provide sufficient time for shareholders’questions on matters pertaining to theCompany’s performance and would seekto explain to the shareholders with regardto their concern.[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]133