iv. With regard to the succession planning of Board members, potential candidates for new Independent Directors were reviewed. Focus was given to relevant regulatory requirements, the need for the right mix of skills and experience and succession of Independent Directors who have served for more than nine (9) years. v. The NRC also deliberated the results of MISC 2014 Balanced Scorecard and the proposed MISC 2015 Balanced Scorecard. Other matters deliberated by the NRC are the MISC Remuneration Process and the renewal of contracts of employment for senior management. DIRECTORS’ TRAINING AND DEVELOPMENT All Board members of the Company are encouraged to attend continuous education programmes, talks, seminars, workshops and conferences in order to ensure they keep abreast with new developments in the business and economic environment, to enhance their skills, as well as ensuring that they possess the necessary knowledge to enable them to discharge their duties and responsibilities more effectively. The NRC also undertook a review of the training requirements of Directors where a more customised approach was taken to fit the needs of the respective Directors. This is an annual exercise where the Company would gauge the Directors’ training and development needs through a questionnaire. Further review is conducted as to the core competencies which Directors should bring to the Board. Relevant training programmes are then arranged by the Company Secretaries for the Directors. A dedicated inhouse training programme is also organised for all company directors and Management personnel within the Group on an annual basis. All Board members of the Company have attended the Mandatory Accreditation Programme as required by the MMLR. The training programmes attended by the Board members during the year under review include:- Title Organiser Date 1. MISC Board of Directors’ Talk on Lease Accounting MISC 7 January 2014 2. KLCCP and KLCCH Directors’ Training - GST Conference 2014 Tricor Tax Services Sdn. Bhd. 22 January 2014 3. PNB Investment Series : PNB Nominee Directors Convention 2014 - Managing Stakeholders’ Expectations in the Fast Changing Business Trends Towards Value Creation Perbadanan Nasional Berhad (“PNB”) 18 February 2014 4. Effective Thought Structuring Workshop PETRONAS 25 February 2014 5. Goods and Services Tax PETRONAS Dagangan Berhad 12 March 2014 6. Audit Committee Conference 2014 - Stepping up for Better Governance The Institute of Auditors Malaysia and Malaysia Institute of Accountants 20 March 2014 7. Briefing Session on Corporate Governance Guide - Towards Boardroom Excellence Bursa Malaysia Berhad 26 March 2014 p 121 MISC BERHAD - Annual Report 2014
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