notes to the financial - WTK Holdings Berhad

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directors' statement on corporate governance (cont'd) The primary responsibility of the Nomination Committee is to assist the Board on the following functions: • assess and recommend new nominees for appointment to the Board and Board committees. • review on annual basis, the required mix of skills and experience and other qualities, including core competencies which the Non-Executive Directors should bring to the Board. • assess on annual basis, the eff ectiveness of the Board as a whole, the committees of the Board and the contribution of each individual Director. RE-APPOINTMENT AND RE-ELECTION OF DIRECTORS Pursuant to Section 129(2) of the Companies Act, 1965, Directors who are of or over the age of seventy (70) years shall retire at every annual general meeting and may off er themselves for re-appointment to hold offi ce until the next Annual General Meeting (“AGM”). All Directors who are appointed by the Board are subject to retirement and re-election by the shareholders at the fi rst opportunity after their appointment, in accordance with the Company’s Articles of Association. The Articles of the Company further provides that at least one third (1/3) of the remaining Directors are subject to retirement by rotation at the AGM of the Company at least once every three (3) years. DIRECTORS’ REMUNERATION The objective of the Company’s policy on Directors’ remuneration is to attract and retain Directors of the calibre needed to run the Group successfully. For Executive Directors, the component parts of the remuneration are structured so as to link rewards to corporate and individual performance. For Non-Executive Directors, the level of remuneration refl ects the experience and level of responsibilities undertaken by the particular Non-Executive Director concerned. The Remuneration Committee established by the Board is made up entirely of Non-Executive Directors, namely: Chairman : Lt. General Datuk Seri Panglima Abdul Manap Ibrahim (rtd) (Independent Non-Executive Director) Members : Datuk Wong Kie Yik (Non-Independent Non-Executive Director) Ms. Tham Sau Kien (Independent Non-Executive Director) The primary responsibility of the Remuneration Committee is to review and make recommendation to the Board on the remuneration packages of Executive Directors and key senior management offi cers of the Company. It is nevertheless, the ultimate responsibility of the entire Board to approve the remuneration of Executive Directors. In respect of the Non-Executive Directors, the yearly proposal of directors’ fees and increments, if any, are approved by the shareholders of the Company at the AGM. The Company reimburses reasonable expenses incurred by the Directors in the course of their duties as Directors. Details of Directors’ remuneration are provided in Note 8 of the fi nancial statements in the Annual Report. W T K HOLDINGS BERHAD (10141-M)
DIRECTORS’ TRAINING The Directors are mindful that they should undergo continuous training in order to enhance their skills and knowledge, including keeping abreast with new statutory and regulatory requirements. During the fi nancial year ended 31 December 2009, the Directors have undergone the following training programmes: Directors Programme Datuk Wong Kie Yik • FRS 139 & FRS 7 – Implications on WTK Group Datuk Wong Kie Nai • FRS 139 & FRS 7 – Implications on WTK Group Mr. Wong Kie Chie • FRS 139 & FRS 7 – Implications on WTK Group Lt. General Datuk Seri Panglima • High Level Forum for Directors of Listed Issuers in Enhancing Corporate Governance Abdul Manap Ibrahim (rtd) • Forum on FRS 139 Financial Instruments: Recognition and Measurement • FRS 139 & FRS 7 – Implications on WTK Group Ms. Tham Sau Kien • High Level Forum for Directors of Listed Issuers in Enhancing Corporate Governance • FRS 139 & FRS 7 – Implications on WTK Group Mr. Patrick Wong Haw Yeong • FRS 139 & FRS 7 – Implications on WTK Group Mr. Rafael Llamado Reyes • Mandatory Accreditation Programme for Directors of Public Listed Companies (resigned on 29 April 2010) • FRS 139 & FRS 7 – Implications on WTK Group INVESTOR RELATIONS directors' statement on corporate governance (cont'd) The Group recognises the need for clear and eff ective communications with the investing community. To this end, the Company conducts dialogues and briefi ngs with fi nancial analysts, fund managers and institutional investors to ensure that the investing public receives a balance and complete view of the Group’s performance, new developments and current issues faced by the business under the regional and global economic climate. The Annual Report and quarterly reports served to communicate the Group’s activities and financial performance to its shareholders and the public. The Company also maintains a website at www.wtkholdings.com through which shareholders and members of the public in general can gain access to information about the Group and announcements made by the Company. ANNUAL REPORT 2009
Page 1 and 2: annual report 2009
Page 3 and 4: Information • page 2 Directors’
Page 5 and 6: Yg. Bhg. Datuk Wong Kie Yik Yg. Bhg
Page 7 and 8: Yg. Bhg. Datuk Wong Kie Nai directo
Page 9 and 10: Tham Sau Kien directors' profi le (
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list of properties held by W T K Ho
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statistic of shareholdings as at 12
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