Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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During the financial year ended 30 November, 2003 the following Directors are members of the Nomination Committee:- i) YM. Tunku Dato’ Seri Kamel bin Tunku Rijaludin (Non-Executive Independent Director); ii) Mr. Siow Hock Lee (Non-Executive Independent Director); and iii) Mr. Goh Hock Hai (Non-Executive Non-Independent Director). (d) Retirement and Re-election of Directors In accordance with the Company’s Memorandum and Articles of Association, one-third of the Directors shall retire from office each Annual General Meeting and they could offer themselves for re-election. Directors who are appointed by the Board are eligible for election by the shareholders at the next Annual General Meeting held following their appointments. (e) Directors’ Training All Directors have attended the Mandatory Accreditation Programme recognised by Research Institute of Investment Analysis Malaysia in accordance with the Bursa Malaysia Securities Berhad ("BMSB") Listing Requirements. In compliance with Practice Note No. 15/2003 of the BMSB Listing Requirements on the Continuing Education Programme ("CEP"), the Directors will continue to undergo other relevant training programmes to keep abreast with latest development in business practice, statutory and regulatory requirements where appropriate from time to time. In addition, the Directors of the Group’s non-listed subsidiaries have all attended the Corporate Directors’ training programme as recommended by the Companies Commission of Malaysia. (f) Remuneration of Directors The Board adopted the policy recommended by the Code. The Board ensures that the level of remuneration is sufficient to attract and retain Directors needed to run the Company successfully. The component part of remuneration have been structured to link rewards to corporate and individual performance for Executive Directors whilst the Non-Executive Directors’ remuneration reflect the experience and level of responsibilities undertaken by individual Non-Executive Directors. The Remuneration Committee, set up on 17 July, 2002 is primarily empowered by its terms of reference to perform the followings:- • To recommend to the Board the remuneration of the Executive Directors in all its forms, drawing from outside advice if necessary; and • To carry out any other responsibilities and functions as may be delegated or defined by the Board from time to time. During the financial year ended 30 November, 2003 the following Directors are members of the Remuneration Committee:- i) YM. Tunku Dato’ Seri Kamel bin Tunku Rijaludin (Non-Executive Independent Director); ii) Mr. Siow Hock Lee (Non-Executive Independent Director); and iii) Mr. Koid Hun Kian (Group Managing Director). Amtel Holdings Berhad 2003 annual report 11
12 Amtel Holdings Berhad 2003 annual report The Board, as a whole, determines the remuneration of each Director and the Directors do not participate in decisions regarding their own remuneration packages. The annual fees payable to the Directors is subject to the shareholders’ approval at the Annual General Meeting. The levels of remuneration for Non-Executive Directors reflect the experience and level of responsibilities undertaken by them. The remuneration of the Directors of the Company for the financial year ended 30 November, 2003 are as follows:- Executive Non-Executive Directors Directors (RM’000) (RM’000) Fees 20 78 Remuneration 410 - Other Emoluments 39 - Benefits-in-kind 28 - Total 497 78 The number of Directors whose fees and remuneration for the financial year ended 30 November, 2003 falls in each successive band of RM50,000 are as follows:- Executive Non-Executive Directors Directors Below RM50,000 - 3 RM50,001 to RM100,000 1 - RM100,001 to RM200,000 1 - RM200,001 to RM250,000 1 - Total 3 3 (2) RELATIONSHIP AND COMMUNICATIONS WITH SHAREHOLDERS AND INVESTORS The Board acknowledges the need for the shareholders and investors to be informed of material business and relevant matters to the Group. This is achieved through timely release of quarterly financial results and various announcements via the BMSB LINK, dissemination of annual reports and circulars to shareholders. The Annual General Meeting represents the principal forum for dialogue and interaction with all shareholders. At each Annual General Meeting, the Board presents the progress and performance of the Group’s business and invites shareholders to participate in the question and answer session.
Page 1 and 2: 2003 Annual Report Amtel Holdings B
Page 3 and 4: 2 Notice of the Seventh Annual Gene
Page 5 and 6: 4 Statement Accompanying Notice of
Page 7 and 8: 6 Profile of Directors Amtel Holdin
Page 9 and 10: 8 Amtel Holdings Berhad 2003 annual
Page 11: 10 Amtel Holdings Berhad 2003 annua
Page 15 and 16: 14 Amtel Holdings Berhad 2003 annua
Page 17 and 18: 16 Chairman’s Statement It gives
Page 23 and 24: 22 Statement of Internal Control Am
Page 27 and 28: 26 DIRECTORS’ REPORT The Director
Page 29 and 30: 28 DIRECTORS OF THE COMPANY (CONT
Page 31 and 32: 30 REPORT OF THE AUDITORS to the me
Page 33 and 34: 32 BALANCE SHEETS (Cont’d) GROUP
Page 35 and 36: 34 STATEMENTS OF CHANGES IN EQUITY
Page 37 and 38: 36 CASH FLOW STATEMENTS (Cont’d)
Page 39 and 40: 38 NOTES TO THE FINANCIAL STATEMENT
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62 NOTES TO THE FINANCIAL STATEMENT
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74 LIST OF PROPERTIES (Cont’d) Ap
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76 LIST OF PROPERTIES (Cont’d) Ap
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78 ANALYSIS OF SHAREHOLDINGS as at
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80 ANALYSIS OF SHAREHOLDINGS (Cont
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Amtel Holdings Berhad - Company Announcements - Bursa Malaysia

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