Annual Report
2015
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DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
37
Statement on
Corporate Governance
(cont’d)
Managing Director
(a) Responsible for the overall management of the Group ensuring organizational effectiveness and
implementation of Board policies and strategies.
(b) Directing all aspects of the business operations in a cost effective manner
(c) Ensure that the Group’s Financial Reports present a true and fair view and operational results are in
accordance with the relevant accounting standards
(d) Ensure compliance with governmental procedures and regulations
Chairman to be a Non-Executive Director
The Code recommends that the Chairman of the Board to be a non-executive member of the Board and in
the event the Chairman of the Board is not an independent director, the Board should comprise a majority of
Independent Directors. The Chairman of the Board is an independent director which is in compliance with the
CG Code.
PRINCIPLE 4: FOSTER COMMITMENT
Time Commitments
The Board is expected to commit sufficient time as and when required to carry out their responsibilities, besides
attending meetings of the Board and Board Committees. All directors hold not more than five (5) directorships
in public listed companies.
The Board meets at least four (4) times a year at quarterly intervals with the meetings scheduled in advance
before the end of the preceding year to facilitate the Directors in managing their meeting plans. Additional
meetings are convened to deliberate on matters requiring immediate attention that need to be made between
scheduled meetings.
In the event Directors are unable to attend Board meetings physically, the Company’s Articles of Association
allow for such meetings to be conducted via telephone, video conferencing or any other form of electronic or
instantaneous communication.
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.
The Board had met six (6) times during the financial year ended 31 December 2015 where it deliberated and
considered a variety of matters affecting the Group’s operations including the Group’s financial results, business
plan and the direction of the Group. All proceedings of the Board meetings are duly minuted by the Company
Secretary and signed by the Chairman of the Meeting.
