Ni Hsin Berhad Annual Report 2017

Annual Report 2017 Ni Hsin Resources Berhad (653353-W) 23 Professional Development of Directors All Directors (except for Encik Sofiyan Bin Yahya who was appointed on 22 November 2017) have successfully completed the Mandatory Accreditation Programme. Encik Sofiyan Bin Yahya has registered to attend the Mandatory Accreditation Programme scheduled to be held on 9 and 10 April 2018. The NC and Directors will continue to identify and attend appropriate seminars, conferences and courses to keep abreast of changes in market, legislations and regulations affecting the Group. The Directors are also committed to continue to undergo other relevant training programmes and seminars whether in-house or external to keep abreast with the developments of the business environment and further enhance their skills and knowledge. During the financial year ended 31 December 2017, the Directors have attended various training programmes and seminars, amongst others, the following:- • Release of The Malaysian Code on Corporate Governance • Share Capital at No Par Value, Share Buyback and Redeemable Preference Share: Accounting Implications • Companies Act 2016: Key Revamp Updates With Integrated Tax Planning Opportunity • Corporate Disclosure Framework & Directors Disclosure Obligations Under Listing Requirements • GST Audit Framework • Goods And Services Tax (“GST”) Workshop: Latest Developments & Uncovering The Truth About GST Audits • Corporate Governance and Listing Requirements Market Talk • MFRS Updates • KPMG Penang Tax Summit 2017 • Workshop on Driving Financial Integrity and Performance - Enhancing Financial Literacy for Audit Committee • Effective Internal Audit Function for Chief Internal Auditor (CIA) Workshop The Company Secretaries circulated the relevant guidelines on statutory and regulatory requirements from time to time and update the Board on the same at Board meeting. The External Auditors also briefed the Board members on any current and future changes to the Malaysian Financial Reporting Standards that affect the Group’s financial statements. During the year, the Board has escalated its efforts to the following key areas:- (1) Boardroom Independence During the year 2017, the Board has appointed Encik Sofiyan Bin Yahya and Encik Rithauddin Hussein Jamalatiff Bin Jamaluddin as Independent Directors of the Company. (2) Board and Board Committees The Board has further reviewed and revised the Board Charter and Terms of reference of the Board Committees to guide the governance and conduct of the Board and committees. The Company will focus on improving the internal control and risk management system. This CG Overview Statement was approved by the Board of Directors of NHR on 22 March 2018. Corporate Governance Overview Statement (continued)