MISC Annual Report 2017

75 Strategy & Performance CHAIRMAN'S STATEMENT IN APPRECIATION The year in review, while challenging, was also one in which MISC made good strides forward. For this, there are several parties that I would like to thank. Firstly, I would like to convey my utmost gratitude to our business partners and customers for their trust and confidence in the Group's ability to deliver and excel. We pledge to continue in our efforts to enhance our operational efficiency and service quality so as to be on par with industry best practices. My heartfelt appreciation also goes out to our loyal and diligent management team and all employees who have worked hard to help us get through the year’s difficulties. To my colleagues on the Board, thank you for your continued wise counsel and guidance in helping us steer through such a demanding playing field. It is my hope that we will continue to work together, drawing upon our collective strengths to build upon what we have achieved thus far. At this time, I would like to pay tribute to our outgoing Independent Non-Executive Directors, Dato’ Kalsom Abd. Rahman and Dato’ Halipah Esa, who both retired from the Board on 20 April 2017. We also want to acknowledge our Non- Independent Non-Executive Director, Mohamed Firouz Asnan, who resigned from the Board on 1 December 2017. We thank these fine individuals for their contributions to MISC and wish them the very best in their future endeavours. Please join me in welcoming Liza Mustapha and Mohd Yusri Mohamed Yusof who joined the Board as Non-Independent Non-Executive Directors on 1 July 2017 and 7 December 2017 respectively. We certainly look forward to their insights and contributions. Last but not least, I wish to extend my deep appreciation to our shareholders for your continued loyalty and steadfast faith in us through yet another challenging year. Thank you for being ever so patient throughout the trials and tribulations of our industry and we ask for your continued patience as we pursue our agenda of sustainable growth. I look forward to your unwavering support as we move forward towards fulfilling our MISC2020 strategy. On our part, rest assured that MISC will remain agile and resilient while leveraging on the synergistic partnerships between our people, businesses and industry to flourish and thrive in a robust and sustainable manner. DATO' AB. HALIM MOHYIDDIN Chairman 13 March 2018 throughout all aspects of our operations. In line with this, MISC remains committed to conducting our business in a responsible and in a manner that is considerate of our wider economic, social and environmental footprint. Thus, we will continue to push for more stringent performance standards across the sector and demonstrate our commitment towards stewardship. Your Board of Directors is confident that, operationally, the Group will be able to maintain its financial performance for 2018. MISC will leverage on timely investment opportunities to ensure future business sustainability. Capitalising on our healthy balance sheet, we will allocate both our capital and human resources towards building value in our existing businesses. At the same time, we will work to bolster the quality of our income by expanding into growth areas that will provide us with recurring long-term income streams. Today, as a much-reinvigorated energy shipping group, MISC has a much clearer sense of purpose. As we venture forth, we will adopt a unified approach, maintain a clear focus on growth, and ensure a shared understanding of who we are and what we can achieve. The future holds much promise for the MISC Group and we anticipate an exciting journey ahead as we continue with our efforts in moving energy to build a better world.