fulfilling vision - Tenaga Nasional Berhad

12
statement of
CORPORATE GOVERNANCE (cont’d.)
Tenaga Nasional Berhad 2005 Annual Report
There is a clear division of responsibility between the Board and the Management. The President/Chief
Executive Officer, supported by his team of management through the Group Executive Council, Group
Executive Management Committee, Group Management Tender Committee, Energy Supply Committee and
Risk Management Committee are responsible for the implementation of Board resolutions, overall
responsibilities over the day-to-day operations of the Group’s business and operational efficiency.
Operation of the Board
The Board has delegated certain responsibilities to Board Committees which operate within clearly defined
written terms of references. There are five (5) Board Committees to assist the Board on which the
Committees deliberate the issues on a broad and in-depth basis before making any recommendation to the
Board.
A diagram outlining the main Committees involved in the decision making process is set out below:-
Board Audit
Committee
Board Tender
Committee
The Board Meetings
Board Committees
Board Finance and
Investment Committee
Board Disciplinary
Committee
Board Nomination and
Remuneration Committee
BOARD OF DIRECTORS
Group Executive
Council Committee
Group Tender
Committee
Management Committees
Risk Management
Committee
Group Executive
Management Committee
Energy Supply
Committee
Board meetings are scheduled in advance and during the Financial Year ended 31 August 2005, fifteen (15)
Board meetings were convened to deliberate and consider a variety of significant matters including review
on business plan, budget, quarterly financial statements, risk assessment, key performance indicators of the
senior management, debt restructuring and other corporate proposals such as divestment exercise, overall
performance of the Company and the subsidiary companies as well as other related business matters that
require their deliberation and due approval.