Notes to the Financial Statements - Cahaya Mata Sarawak Bhd

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Statement of Corporate Governance
A summary of training, conferences, summits, briefi ngs and seminars attended by the Directors in 2011 is as follows:
Corporate Governance
• Related Party Transactions: Ensuring Compliance of the Main Market Listing Requirements
• MICG Directors Duties & Governance 2011
• FIDE Program – Financial Institution Directors’ Education by Bank Negara Malaysia
• Directors’ Duties and Responsibilities – Talk by Mah Kamariyah & Philip Koh
• Scrutinising Financial Statement Fraud & Detection of Red Flags for Directors and Offi cers of PLCs and Government
• Regulatory Agencies
• Creating and Maintaining Boardroom Excellence
Management
• 30th Management Conference
• Senior Managers’ Conference
Financial
• Economic Outlook and Implication on Financial and Banking Industries – Is Another Financial Crisis Imminent?
• Goods & Services Tax – Introduction, rationale, issues and the way forward
• Training on FRS by PricewaterhouseCoopers
• Competition Act 2010
• The Economic Recovery
• Investing in Bonds
• Implementation of Internal Capital Adequacy Assessment Process
Board Performance Evaluation and Review
As a best practice in corporate governance, the Board carries out annual assessments on the effectiveness of the
overall Board and its Board Committees. The objective is to improve the Board’s effectiveness by identifying gaps,
addressing weaknesses and maximising strengths.
In a combination of self and peer assessment, Directors used a series of questions to provide feedback on the level
of effectiveness on various performance aspects. These included composition of the various Board committees,
roles and responsibilities, performance against principal Board responsibilities, communication and information, and
conduct. Responses from the Directors were analysed and presented to the NRC and the Board. Areas requiring
improvement are addressed by the Board and Management.
The Board also reviewed the term of offi ce and performance of each of the members of the Group Audit Committee
for 2011 to determine whether they have carried out their duties in accordance with their terms of reference in
addition to the Directors’ assessment which is carried out annually.
Board Meetings and Supply of Information
During the year, seven (7) Board meetings including three (3) Special meetings were held. Attendance of Directors
at the Board meetings in 2011 is as follows:
Name of Director Attendance at Meetings (2011)
Y A M Tan Sri Dato’ Seri Syed Anwar Jamalullail 7 / 7 (100%)
(Independent, Non-Executive)
Dato Sri Mahmud Abu Bekir Taib 7 / 7 (100%)
(Non-Independent, Non-Executive)
Datuk Syed Ahmad Alwee Alsree 7/ 7 (100%)
(Executive)
Dato’ Richard Curtis 7 / 7 (100%)
(Executive)
Dato Sri Liang Kim Bang 7 / 7 (100%)
(Senior Independent, Non-Executive)
General (R) Tan Sri Mohd Zahidi Zainuddin 5 / 7 (71%)
(Independent, Non-Executive)
Datuk Wan Ali Tuanku Yubi 6 / 7 (86%)
(Independent, Non-Executive)
Datu Michael Ting 7 / 7 (100%)
(Independent, Non-Executive)
Kevin How Kow 7 / 7 (100%)
(Independent, Non-Executive)
Cahya Mata Sarawak Berhad