Notice of Annual General Meeting - Company Announcements ...

HWANG-DBS (MALAYSIA) BERHAD (238969-K)
(c) Directors’ Training
24 Annual Report 2009
Corporate Governance Statement (cont’d)
The Board acknowledges the importance of continuous education and training to enable effective discharge of its duties and encourages
Directors to attend talks, training programmes and seminars to update themselves on new developments in the business environment. All
Directors have attended the Mandatory Accreditation Training Programme (“MAP”). The Board has and will continue to evaluate and determine
the training needs of its Directors.
During the financial year ended 31 July 2009, all directors have attended at least one training course. Two half-day training courses entitled
“Interest Rate Risk Management” and “Understanding Structured Products” were organised for Directors and were attended by all Directors
except one. The training were held on 24 February 2009 and 25 June 2009 respectively. Other training programmes/seminars attended by some
Directors during the financial year were:-
• Bank Negara Malaysia’s Financial Institutions Directors’ Education Programme
• Unravelling The Genius Of The World’s Greatest Investor: Warren Buffet
• Corporate Strategic Analytics I: Essentials Of Corporate Proposal Analysis
• Malaysian Bond Market: Weathering The Storm
• Central Banking In The 21st Century: Implications of Economic And Financial Globalisation
• Corporate Governance And Ethics: Strengthening Professionalism Through Ethics
• Anti-Money Laundering Training
Visits by the Directors to the Group’s businesses and meetings with senior management are arranged for enhancement of their knowledge
particularly in respect of the operations of the Group.
(d) Retirement and Re-election of Directors
In accordance with the Company’s Memorandum and Articles of Association, Directors shall retire from office at least once in every 3 years
and offer themselves for re-election. Directors who are appointed by the Board are subject to election by the shareholders at the next Annual
General Meeting following their appointments. Directors over 70 years of age are required to submit themselves for re-appointment annually in
accordance with Section 129(6) of the Companies Act, 1965.
(e) Board Meetings and Supply of Information
The Board met for a total of 7 times during the financial year ended 31 July 2009. All Directors fulfilled the requirement of Bursa Malaysia
Securities Berhad (“Bursa Securities”) in relation to their attendance at Board Meetings. Details of Directors’ attendance at Board Meetings are
outlined in the Profile of Directors section of this Annual Report.
Directors are provided with Notices of the Board Meetings and board papers for each agenda item in advance of each Board Meeting to ensure
that Directors have sufficient time to study them and be prepared for discussion. Any additional information requested by Directors is readily
available. The Board also has a formal schedule of matters reserved to it for deliberation and decision. Minutes of Meetings are maintained.
The Group has a policy on information to be brought to the Board’s attention. In accordance to the policy, all material information are to be tabled
to the Board on a timely basis in order for the Board to be kept abreast with the performance and business activities of the Group.
Directors have access to the advice and services of the Company Secretaries who are responsible for ensuring that Board procedures are
followed and all necessary information are obtained from Directors both for the Company’s own records and for purposes of meeting statutory
obligations. Where necessary, Directors also have access to independent professional advice at the Company’s expense in furtherance of their
duties.