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annual report 2014
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5.
UPHOLD INTEGRITY IN FINANCIAL REPORTING (cont’d)
5.3 Relationship with Auditors (Cont’d)
With the assistance of the Audit Committee, the Board has established a transparent and appropriate relationship
with the Group’s External Auditors.
The Board recognises that the Group’s independent external auditors serve an essential role in enhancing
shareholders’ confidence on the reliability of the Group’s financial statements by expressing an independent
opinion on whether the financial statements give a true and fair view of the Group’s financial position and
performance to the shareholders.
Further information is disclosed under the “Audit Committee Report” section included within this Annual Report.
The Audit Committee had obtained assurance from its external auditors, Messrs. BDO, confirming that they
are, and have been independent throughout the conduct of the audit engagement in accordance with the
terms of all relevant professional and regulatory requirements. After having satisfied with the performance of
Messrs. BDO and its audit independence, the Audit Committee recommended the re-appointment of Messrs.
BDO to the Board for approval by its shareholders at the forthcoming AGM.
6.
STRENGTHEN RELATIONSHIP BETWEEN COMPANY AND SHAREHOLDERS
The Board recognises the importance of an effective communication channel between the Board, shareholders,
stakeholders and general public and the importance of timely dissemination of information to shareholders,
stakeholders and general public and their rights to be updated of the Group’s activities and performance to enable
them to make informed evaluation and investment decision.
The Company is committed to keeping the shareholders, stakeholders and general public informed of the Group’s
business developments. To this end, the Group has disseminated relevant information and updates on the Group
from time to time via various medium including the annual report, quarterly reports, circulars to the shareholders
and other prescribed announcements lodged with Bursa Malaysia in its website at
to the
extent permissible under the Listing Requirements of Bursa Malaysia.
While the Company strives to provide as much information as possible to its shareholders, stakeholders and general
public, the Company upholds strict standards of confidentiality with regard to undisclosed material information under
all circumstances and remains mindful of the legal and regulatory framework (particularly the Listing Requirements
of Bursa Malaysia) governing the dissemination of information to shareholders and the general public.
The Company has also established a corporate website under
for shareholders and the
public to access for corporate information. In addition to that, the Board has identified Mr. Zhu GuoHe as the Senior
Independent Non-Executive Director to whom queries and concerns regarding the Group may be raised. Nonetheless,
shareholders and investors may also direct their queries to other Directors of the Group as the Board operates in an
open environment in which information is freely exchanged among the Board members, with due care exercised to
safeguard the confidentiality of the information.
Another principal avenue of communication with the shareholders is the Company’s AGM and Extraordinary General
Meetings (EGM), which provides a useful platform for the shareholders to engage directly with the Board and the
Management.
At every meeting, the Board sets out the progress and performance of the Group since the last meeting held. The
Company is looking forward to solicit feedbacks and views from its shareholders and answer shareholders’ question
on all issues pertaining to the Group at the AGM and EGM.
Notice of the AGM and EGM and related papers are forwarded to shareholders with adequate time notice before
the meeting. Shareholders are invited and encouraged to attend the Company’s AGM and EGM and to actively
participate in the proceedings by posting questions on the proposed resolutions and to seek clarification on the
Group’s business and performance. Shareholders who are unable to attend are allowed to appoint proxies to attend
and vote on their behalf.
The Board also encourages the shareholders to exercise their rights to demand poll voting in the general meetings,
if deemed necessary. During the financial year under review, the Company had not conducted any poll voting as
there was no contentious issue raised at the general meetings convened.
Statement on Corporate Governance (Cont’d)
