MKH Annual Report 2017

PRINCIPLE 3: REINFORCE INDEPENDENCE (continued) Chairman And Managing Director (continued) The Executive Directors take on the primary responsibility of managing the Group’s business and resources, led by the Executive Chairman, Tan Sri Dato’ Chen Kooi Chiew @ Cheng Ngi Chong and the Managing Director, Tan Sri Datuk Chen Lok Loi. PRINCIPLE 4: FOSTER COMMITMENT Directors should devote sufficient time to carry out their responsibilities, regularly update their knowledge and enhance their skills. Recommendation 4.1 of the MCCG 2012 recommends that the Board should set out the expectations on time commitment for its members and protocols for accepting new directorships. Each Director is required to notify the Chairman of the Board prior to accepting directorships outside the Group. Similarly, the Chairman of the Board shall also do likewise before taking up any additional appointment of directorships. The notification will also include an approximate indication of time that will be spent by the Directors on the new directorships. Board Meetings The Board meets at least four (4) times a year and has a formal schedule of matters reserved to it. Additional meetings are held on an ad-hoc basis to deliberate on matters requiring its immediate attention. The Board is supplied with full and timely information to enable it to discharge its responsibilities. During these meetings, the Board reviews the Group’s financial performance, business operations, reports of the various Board Committees and results are deliberated and considered. Management and performance of the Group and any other strategic issues that affect or may affect the Group’s businesses are also deliberated. During the financial year, the Board met five (5) times; whereat it deliberated and considered a variety of matters affecting the Company’s operations including the Group’s financial results, business plan and direction of the Group. A summary of attendance for each of the Board of Directors are as follows: Name of Director No. of Meetings Attended Tan Sri Dato’ Chen Kooi Chiew @ Cheng Ngi Chong 5/5 Tan Sri Datuk Chen Lok Loi 5/5 Datuk Chen Fook Wah 5/5 Datuk Mohammad Bin Maidon 5/5 En. Mohammed Chudi Bin Haji Ghazali 5/5 Haji Mohamed Bin Ismail 5/5 En. Jeffrey Bin Bosra 4/5 Haji Hasan Aziz Bin Mohd Johan 5/5 In the intervals between Board meetings, any matters requiring urgent Board decisions and/or approval will be sought via circular resolutions which are supported with all the relevant information and explanations required for an informed decision to be made. 53 MKH Berhad • Annual Report 2017 Statement on Corporate Governance