annual report - Tenaga Nasional Berhad

SHAREHOLDERS’ MANDATE FOR RRPT OF REVENUE OR TRADING NATURETransactingCompany inTNB GroupPersonsConnected to aDirector/MajorShareholder(Related PartiesInvolved)InterestedMajorShareholderNature of RelationshipNature ofRecurrentTransactionsAggregate Value(RM) of theTransaction duringthe validity of theMandateTNBOPUSInternationalKhazanahNasionalBerhadKhazanah Nasional Berhadbeing a Major Shareholderof TNB has 62.24% interestin OPUS International,making the latter personconnected to the MajorShareholder.Paymentfor projectmanagementand professionalfees433,092.75TNBMessrs. ZaidIbrahim & Co.Datuk MohdZaid binIbrahimDatuk Mohd Zaid binIbrahim being a Directorof TNB who is also theChairman and MajorityShareholder of Messrs. ZaidIbrahim & Co., making thelatter person connected toa Director.Provision ofLegal andConsultancyServices647,758.19TNBTelekomMalaysia BerhadKhazanahNasionalBerhadKhazanah Nasional Berhadbeing a Major Shareholderof TNB has 41.78% interestin Telekom MalaysiaBerhad, making the latterperson connected to theMajor Shareholder.Payment onoffice rental3,399,680.20AGGREGATE VALUE OF THE TRANSACTIONS 16,532,126.94Note: The abovementioned transactions does not equal or exceed the applicable prescribed threshold pursuant to Paragraph 2.1 of Practice Note 12/2001of the Listing Requirements.STATEMENT ON COMPLIANCE WITH THE REQUIREMENTS OF BURSA MALAYSIA IN RELATION TOAPPLICATION OF PRINCIPLES AND ADOPTION OF BEST PRACTICES LAID DOWN IN THE MALAYSIANCODE OF CORPORATE GOVERNANCE(Pursuant to paragraph 15.26 of the Bursa Malaysia Listing Requirements)The Board is pleased to report to shareholders that the Company has applied the principles of corporate governance and isin compliance with Part 1 of the Code. Further to that, the Board remains committed to attain the highest possible standardof corporate governance through continuous adoption of best practices as recommended in Part 2 of the Code.Signed on behalf of the Board of Directors in accordance with their resolution dated 16 October 2008.Tan Sri Dato’ Lau Yin Pin @ Lau Yen BengSENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]137