Bursa Malaysia • Annual Report 2013
64
Corporate Governance Statement
behalf in accordance with their instruction, for exercising their rights
as shareholders of the Company.
Tun Chairman exercised his right as the Chairman of the Meeting to
demand for a poll in accordance with Article 54 of the AA in respect
of all resolutions which were put to vote at the 36
th
AGM except for
two resolutions in which he had to abstain from voting. Two other
shareholders demanded for poll voting for Resolutions 6 and 8 as set
out in the Notice of 36
th
AGM.
Voting slips for the 36
th
AGM were issued by the Share Registrar upon
registration, pre-printed with name, identity card number/company
number, and number of shares held. The polling process for the
resolutions was conducted upon completion of the deliberation of all
items to be transacted at the 36
th
AGM.
The Poll Administrator, Tricor Investor Services Sdn Bhd commenced
the poll vote count after the adjournment of the meeting and the
results of the poll were verified by the Scrutineers, Ernst & Young. The
meeting resumed and the results of the poll voting, including votes
cast in favour and against, for each resolution were announced by
the Scrutineers, upon which the Chairman declared whether or not
the resolutions were carried. Announcement on the poll results was
also made by Bursa Malaysia via Bursa LINK on the same day for the
benefit of the shareholders.
As approved by the shareholders at the 36
th
AGM, the AA of the
Company was amended to allow poll voting to be conducted manually
using voting slips or electronically using various forms of electronic
voting devices, for the purpose of determining the outcome of the
resolutions more efficiently.
8.3 Effective Communication and Proactive Engagements
At the 36
th
AGM, a total of 11 out of 12 Directors were present in
person to engage directly with, and be accountable to the shareholders
for their stewardship of the Company. The proceedings of the 36
th
AGM included the CEO’s presentation of the Company’s operating
and financial performance for 2012, the presentation of the external
auditors’ unqualified report to the shareholders, and a Q&A session
during which the Chairman invited shareholders to raise questions
pertaining to the Company’s accounts and other items for adoption at
the meeting, before putting a resolution to vote. The Directors, CEO/
Management and external auditors were in attendance to respond to
the shareholders’ queries. The CEO also shared with the shareholders
the Company’s responses to questions submitted in advance of the
AGM by the Minority Shareholder Watchdog Group.
Shareholders were also invited to submit any additional questions they
might have had via an enquiry box placed at the venue of the 36
th
AGM so that these could be responded to in writing after the meeting.
Officers of the Company were present to handle other face-to-face
enquiries from shareholders.
COMPLIANCE STATEMENT
This Statement on the Company’s CG practices is made in compliance with
Paragraphs 15.25 and 15.08A of Bursa Securities Main LR.
The Board is satisfied that in 2013, the Company fully complied with the
principles and recommendations of the MCCG 2012.
This Statement was approved by the Board on 29 January 2014.
Governance
