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Datasonic Group Berhad
(Company No. 809759-X)
27
STATEMENT ON CORPORATE GOVERNANCE
(Continued)
1.
ESTABLISH CLEAR ROLES AND RESPONSIBILITIES (CONT’D)
1.2 Clear roles and responsibilities (cont’d)
The Managing Director and Deputy Managing Director (“Executive Committee”) are
responsible for the day-to-day management of the business and operations of the Group. The
Executive Committee is supported by the Management Committee and Project Planning and
Management Office (“PPMO”).
The Management Committee is to assist the Executive Committee in the effective and seamless
implementation of the Board’s policies and to make proposals and recommendations for the
strategic direction and growth of the Group.
The PPMO is to lead all Project Management Offices in resource planning and project
management, so as to be aligned with the Group’s strategic initiatives and to administer
Enterprise Risk Management activities at theManagement/Risk Owners and Staff level, including
finding resolutions for the key operational issues. Corporate strategies, key business prospects/
proposals and significant operational issues deliberated at the PPMO meetings were reported
to the Executive Committee and the Management Committee.
The PPMO has been tasked to undertake the following:-
a) Value Creation
• Identify new income streams
• Develop and protect Intellectual Property & Patent
• Brand building
• Optimising grant funding and government incentives
b) Co-ordination
• Platform to address gaps in delivery (internal teams: manufacturing with sales and
projects, partners and distribution network)
• Sales, Research & Development and Project Implementation
c) Project Evaluation
• Review budget, team performance, quotas/targets, collections
d) Monitor Alignment
• Alignment/Improvement of the employee skill sets. Develop certified Subject Matter
Expert (SME)
• Optimising collaboration with principles and partners
The Board is updated by the Managing Director on the progress of the operations, business
prospects, issues and challenges related to the projects, compliance management and the
financial performance of the Group during the quarterly Board meetings. The Board is also
regularly kept informed by the Executive Directors and the Management on the Group’s
operations, the latest laws and regulations and current issues.