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 57 MISC BERHAD ANNUAL REPORT 2018 56 ROZAINAH AWANG Vice President, Finance* * Rozainah Awang will cease to hold the office of Vice President, Finance effective 7 April 2019, as per the Company’s Bursa announcement dated 1 March 2019 IWAN AZLAN MOKHTAR Vice President, Human Resource Management FADZILLAH KAMARUDDIN Vice President, Legal, Corporate Secretarial and Compliance INFORMATION AS AT 27 FEBRUARY 2019 PROFILES OF MANAGEMENT COMMITTEE EMRAN OTHMAN Vice President, Corporate Planning AGE 50 GENDER Female NATIONALITY Malaysian APPOINTED ON 1 April 2013 Responsibilities • 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 • Fellow Member, Chartered Institute of Management Accountants (FCMA) • Member, Malaysian Institute of Accountants Present Appointments • Board Member, various subsidiaries and joint venture companies within the MISC Group • Board Member, Malaysia Marine and Heavy Engineering Holdings Berhad • Board Member, The London Steam-Ship Owners’ Mutual Insurance Association Limited (The London P&I Club) • Board Member, Labuan Reinsurance (L) Ltd Past Experience • General Manager, Finance and Project Services, Offshore Business, MISC Berhad • General Manager, Strategic Planning, Corporate Planning and Development Division, MISC Berhad • Involved in the Economic Transformation Plan (ETP) by PEMANDU • Professional experience in Management Accounting, Strategic Planning and Cost Control working with multinationals ALCOM (M) Berhad and Colgate Palmolive 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 5 years 10 months AGE 51 GENDER Male NATIONALITY Malaysian APPOINTED ON 1 October 2018 Responsibilities • Overall management and implementation of MISC Group corporate strategies and plans • Manage and monitor risk management and internal controls for MISC Group Academic/ Professional Qualifications • Degree in Electrical Engineering, University of Texas EI Paso Present Appointments • Board Member, various subsidiaries within the PETRONAS Group Past Experience • Head of Merger & Acquisition, PETRONAS • General Manager, Business Development Unit, PETRONAS • Manager, Planning & Performance, Group Strategic Planning, PETRONAS • Business Planner, Strategic Planning Department, PETRONAS Carigali Sdn. Bhd. (PCSB) • Electrical Engineer, PCSB 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 5 months AGE 51 GENDER Male NATIONALITY Malaysian APPOINTED ON 1 April 2009 Responsibilities • Formulate people strategies and human resource agenda for MISC Group to identify and develop capable leaders for the Group through succession planning, competency profiling and learning and development • Ensure the availability and constant supply of competent and able resources to support the Group’s goals and aspirations for present and future Academic/ Professional Qualifications • Bachelor of Arts (Law), University of Nottingham, UK • Diploma in Human Resource Management, Malaysian Institute of Human Resource Management Present Appointments • Board Member, various subsidiaries within the MISC Group Past Experience • Country HR Manager, Shell Global Solutions (M) Sdn. Bhd. • Regional HR Policy Manager, Shell Downstream • HR Advisor, Shell Malaysia • Business Process Team Lead, Shell Global HR Information Systems project • Regional HR Advisor, Shell Services International, Australia • Learning Advisor, Shell Malaysia Downstream • Employee Relations Advisor, Shell Malaysia Downstream • Remuneration Executive, Shell Malaysia Downstream 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 9 years 10 months AGE 53 GENDER Female NATIONALITY Malaysian APPOINTED ON 1 August 2010 Responsibilities • Responsible for the management of all legal affairs, company secretarial services, compliance and insurance matters of the Group Academic/ Professional Qualifications • LLB (Honours) Degree, University of Nottingham, United Kingdom • Barrister-at-Law (Lincoln’s Inn) • Licensed Company Secretary Present Appointments • Company Secretary of MISC Berhad (since 1 November 2007) • Board Member and Company Secretary, various subsidiaries and joint venture companies within the MISC Group. Past Experience • Senior General Manager, Legal and Corporate Secretarial Affairs, MISC Berhad • General Manager, Legal & Corporate Secretarial Affairs, MISC Berhad • Senior Legal Counsel, Domestic Operations, PETRONAS Carigali Sdn. Bhd. • Legal Adviser, Ministry of International Trade and Industry (MITI) • Senior Federal Counsel at the Advisory and International Division, Attorney-General’s Chambers 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 8 years 6 months