Directors - Boustead Holdings Berhad

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Corporate Governance The remuneration paid to Directors during the year analysed into bands of RM50,000, which complies with the disclosure requirements under Bursa Malaysia Listing Requirements is as follows: 24 Number of Directors Non-executive Executive Up to RM50,000 2 From RM50,001 to RM100,000 2 From RM200,001 to RM250,000 1 From RM1,600,001 to RM1,650,000 1 INVESTORS AND SHAREHOLDERS RELATIONSHIP The Group recognises the importance of timely and thorough dissemination of information to shareholders. In this regard, the Group strictly adheres to the disclosure requirements of Bursa Malaysia and the Malaysian Accounting Standards Board. The annual report has comprehensive information pertaining to the Group, while various disclosures on quarterly and annual results provide investors with financial information. Apart from the mandatory public announcements through Bursa Malaysia, the Group has also set up a website at www.boustead.com.my to provide corporate, financial and non-financial information. The Group Managing Director and Director, Financial Services meet regularly with analysts, institutional shareholders and investors. At general meetings, the Board encourages shareholder participation and responds to their questions. Shareholders can also leave written questions for the Board to respond. The Share Registrar is available to attend to matters relating to shareholder interests. ACCOUNTABILITY AND AUDIT Financial Reporting In presenting the annual financial statements and quarterly announcements of results to the shareholders, the Board aims to present a balanced and understandable assessment of the Group’s position and prospects. Before the financial statements were drawn up, the Directors have taken the necessary steps to ensure that the Group had used all the applicable accounting policies consistently, and that the policies are supported by reasonable and prudent judgements and estimates. All accounting standards, which the Board considers to be applicable, have been followed, subject to any explanations and material departures disclosed in the notes to the financial statements. The role of the Audit Committee in the review and reporting of the financial information of the Group is outlined in the Report of the Audit Committee in the Annual Report.
Internal Control The information on the Group’s internal control is presented in the Statement on Internal Control in the Annual Report. Relationship with External Auditors The Board has established transparent and appropriate relationship with the external auditors through the Audit Committee. The Audit Committee has always maintained a professional relationship with the external auditors, and the Committee Chairman meets with the external auditors without the presence of any management member at least once a year. DIRECTORS’ RESPONSIBILITIES IN RESPECT OF THE AUDITED FINANCIAL STATEMENT The Directors are required by the Companies Act, 1965 to prepare financial statements for each year which give a true and fair view of the state of affairs of the Group and of the Company at the end of the financial year and of their results and cash flows for the financial year then ended. In preparing these financial statements, the Directors have: • adopted suitable accounting policies and applying them consistently; • made judgments and estimates that are prudent and reasonable; • ensured applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and • prepared the financial statements on the going concern basis, unless it is inappropriate to presume that the Group and the Company will continue in business. The Directors are responsible for ensuring that the Company keeps proper accounting records which disclose with reasonable accuracy at any time the financial position of the Group and of the Company and which enable them to ensure that the financial statements comply with the Companies Act, 1965. The Directors have overall responsibility for taking such steps that are reasonably open to them to safeguard the assets of the Group and the Company to prevent and detect fraud and other irregularities. 25
Page 1 and 2: www.boustead.com.my Boustead Holdin
Page 3 and 4: annual report
Page 5 and 6: Standing from left Y. BHG. LT. GEN.
Page 7 and 8: Y. BHG. TAN SRI DATO’ LODIN WOK K
Page 9 and 10: Y. BHG. DATUK AZZAT KAMALUDIN Non-I
Page 11 and 12: Corporate Calendar FINANCIAL YEAR 1
Page 13 and 14: En Hussin Abdul Jalil Boustead Esta
Page 15 and 16: Puan Azizah Aris Boustead Emasewa P
Page 17 and 18: Audit Committee Report Attendance N
Page 19 and 20: ACTIVITIES DURING THE FINANCIAL YEA
Page 21 and 22: THE BOARD OF DIRECTORS IS COMMITTED
Page 23 and 24: The composition of the Board and th
Page 25: Remuneration Committee The Board ha
Page 29 and 30: RISK MANAGEMENT The Board recognise
Page 31 and 32: MONITORING AND REVIEW OF THE ADEQUA
Page 33 and 34: 2006 2005 2004 2003 2002 Gearing Bo
Page 35 and 36: It is often said that change is the
Page 37 and 38: AL-HADHARAH BOUSTEAD REIT The key h
Page 39 and 40: OUTLOOK AND PROSPECTS Barring unfor
Page 41 and 42: Chief Executive’s Review Each yea
Page 43 and 44: The Al-Hadharah Boustead REIT has b
Page 45 and 46: Financial Highlights Average Prices
Page 47 and 48: As one of the leading GLCs and key
Page 49 and 50: Financial Highlights 1,750 1,400 1,
Page 51 and 52: This shopping and dining haven was
Page 53 and 54: Financial Highlights 1,500 1,200 90
Page 55 and 56: Patrol vessel undergoing sea trial
Page 57 and 58: Financial Highlights 3,500 2,800 2,
Page 59 and 60: 95 Hospital Angkatan Tentera under
Page 61 and 62: Financial Highlights 1,000 800 600
Page 63: University of Nottingham Malaysia C
Page 66 and 67: Directors’ Report The Directors h
Page 68 and 69: Directors’ Report DIRECTORS’ IN
Page 70 and 71: Directors’ Report OTHER STATUTORY
Page 72 and 73: Auditors’ Report TO THE MEMBERS O
Page 74 and 75: Balance Sheets As at 31 December 20
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Statements of Changes in Equity For
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Statements of Changes in Equity For
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Cash Flow Statements For the year e
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Accounting Policies (c) ASSOCIATES
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Accounting Policies (e) CURRENCY CO
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Accounting Policies (i) DEVELOPMENT
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Accounting Policies (p) FINANCIAL I
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Accounting Policies (r) SEGMENTAL R
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Notes to the Financial Statements 1
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Boustead Group 140 Group Interest %
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Boustead Group 142 Group Interest %
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Additional Disclosure (Pursuant to
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Recurrent Related Party Transaction
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Recurrent Related Party Transaction
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Group Property Portfolio 150 Age of
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Group Oil Palm Agricultural Statist
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Location of Group Plantation Proper
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Shareholding Statistics 166 AS AT 3
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Statement of Directors’ Interest
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Notice of Annual General Meeting NO
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Notice of Annual General Meeting SP
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Notice of Annual General Meeting wh
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Statement Accompanying Notice of An
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Boustead Management Services Sdn Bh
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Directors - Boustead Holdings Berhad

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