MISC Annual Report 2018

HIGHLIGHTS OF THE YEAR OUR BUSINESS OUR LEADERSHIP OUR PERFORMANCE OUR COMMITMENT TO SUSTAINABILITY OUR GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION 50 TH ANNUAL GENERAL MEETING 55 MISC BERHAD ANNUAL REPORT 2018 54 INFORMATION AS AT 27 FEBRUARY 2019 PROFILES OF MANAGEMENT COMMITTEE WAN MASHITAH WAN ABDULLAH SANI Managing Director/CEO Malaysia Marine & Heavy Engineering Holdings Berhad (MHB) CAPTAIN RAJA SAGER Managing Director/CEO Eaglestar Marine Holdings (L) Pte. Ltd. HAZRIN HASAN Managing Director & CEO MISC Maritime Services Sdn. Bhd. (MMS) RAJA AZLAN SHAH RAJA AZWA Vice President (Designate), Finance* AGE 52 GENDER Female NATIONALITY Malaysian APPOINTED ON 1 January 2017 Responsibilities • Overall management and operations of MHB, the marine and heavy engineering arm of MISC • Development of MHB’s sustainability and profitability through efficient and strategic business development and stakeholder management Academic/ Professional Qualifications • Fellow of the Chartered Association of Certified Accountants, UK • Member, Malaysian Institute of Accountants Present Appointments • Board Member, MHB Group Past Experience • Acting Chief Executive Officer, MHB • Chief Financial Officer, MHB • General Manager, Finance, MISC Berhad • Professional Accountant, Grant Thornton, Malaysia Declaration • No family relationship with any Director/Major Shareholder of MISC Berhad • No conflict of interest with MISC Berhad • No conviction for any offences within the past 5 years other than traffic offences, if any • No penalty imposed by the relevant regulatory bodies during the financial year 2018 LENGTH OF SERVICE 2 years 2 months AGE 57 GENDER Male NATIONALITY Malaysian APPOINTED ON 1 May 2017 Responsibilities • Overall management and operations of Eaglestar, the integrated marine services arm of MISC • Development of Eaglestar’s sustainability and profitability through efficient and strategic business development and stakeholder management Academic/ Professional Qualifications • Masters in Business Administration, University Utara Malaysia • Master’s Foreign Going Certificate of Competency, Ministry of Transport, New Zealand Present Appointments • Board Member, various subsidiaries and joint venture companies within the MISC Group • Director, Society of International Gas Tanker and Terminal Operators Ltd (SIGTTO) Past Experience • Head of Fleet Management Services, MISC Berhad • Senior General Manager, Fleet Operations & Maintenance, MISC Berhad • Fleet Director, AET • General Manager, AET • Master on Chemical Tankers Declaration • No family relationship with any Director/Major Shareholder of MISC Berhad • No conflict of interest with MISC Berhad • No conviction for any offences within the past 5 years other than traffic offences, if any • No penalty imposed by the relevant regulatory bodies during the financial year 2018 LENGTH OF SERVICE 1 year 9 months AGE 53 GENDER Male NATIONALITY Malaysian APPOINTED ON 1 April 2018 Responsibilities • Overall management and operations of MMS, the ports and terminal services arm of MISC • Development of MMS’ and Sungai Udang Port’s sustainability and profitability through efficient and strategic business development and stakeholder management Academic/ Professional Qualifications • Certified Chief Engineer, Maritime and Coastguard Agency (MCA), UK • Marine Engineering, South Tyneside College, UK • Senior Management Development Program, INSEAD Present Appointments • Board Member, MMS Group • Vice Chairman of Malaysia Shipowners’ Association (MASA) Past Experience • Head, Ship Operations and Contract Management, LNG Business, MISC Berhad • Managerial roles in Fleet Management Services (FMS) and the Human Resource function in FMS • Joined MISC as an Engine Cadet and had sailed on MISC LNG vessels, finishing his sea career as Chief Engineer Declaration • No family relationship with any Director/Major Shareholder of MISC Berhad • No conflict of interest with MISC Berhad • No conviction for any offences within the past 5 years other than traffic offences, if any • No penalty imposed by the relevant regulatory bodies during the financial year 2018 LENGTH OF SERVICE 10 months AGE 48 GENDER Male NATIONALITY Malaysian APPOINTED ON 1 January 2019 Responsibilities • Support the overall management and coordination of financial reporting, financial planning, debt financing, treasury and budget management functions of the MISC Group • Ensuring that the accounting procedures and reporting of the MISC Group complies with the relevant accounting principles, standards and regulations Academic/ Professional Qualifications • Degree in Accounting and Financial Management, University of Sheffield, UK • Certified Public Accountant (CPA), Malaysian Institute of Certified Public Accountants Present Appointments • Independent Non-Executive Director, IJN Holdings Sdn. Bhd. • Chairman, Audit and Risk Management Committee, IJN Holdings Sdn. Bhd. Past Experience • Independent Non-Executive Director, D.B.E. Gurney Resources Berhad • Chairman, Audit and Risk Management Committee, D.B.E. Gurney Resources Berhad • Group Chief Executive Officer, Percon Corporation Sdn. Bhd. • Executive Director, River of Life Hospital Sdn. Bhd. • Head, Strategy and Innovation, Sime Darby Property • Group Chief Executive Officer, Ramsay Sime Darby Health Care Group • Managing Director, Sime Darby Healthcare Group • Chief of Staff, Sime Darby Berhad • Group Head, Strategy, Sime Darby Berhad • Group Head, Corporate Finance and Corporate Planning, Sime Darby Berhad • Group Head, Corporate Finance, Sime Darby Berhad • Senior Manager, Corporate Finance, CIMB Investment Bank • Auditor, Arthur Andersen and Co. Declaration • No family relationship with any Director/Major Shareholder of MISC Berhad • No conflict of interest with MISC Berhad • No conviction for any offences within the past 5 years other than traffic offences, if any • No penalty imposed by the relevant regulatory bodies during the financial year 2018 LENGTH OF SERVICE 2 months * Raja Azlan Shah Raja Azwa will assume the office of Vice President, Finance effective 8 April 2019, as per the Company’s Bursa announcement dated 1 March 2019