Annual Report
2015
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DAYANG ENTERPRISE HOLDINGS BHD
(712243-U)
41
Statement on
Corporate Governance
(cont’d)
The Company’s Annual General Meeting is the principal forum for dialogue and interaction with the shareholders
of the Company whereby the shareholders have direct access to the Board and are given the opportunity to
present their views or seek clarification on the progress, performance and major developments of the Company.
The Board also shares with the shareholders the Board’s responses to questions submitted in advance by the
Minority Shareholder Watchdog Group. The External Auditors of the Company are also invited to attend the
AGM to answer any questions relating to the conduct of the audit and contents of the Auditor’s Report.
All members present at each meeting have the rights to demand for a poll voting in accordance with the
provisions of the Articles of Association of the Company on the voting for any resolutions. The voting process at
each meeting shall be by way of show of hands unless a poll is demanded. The Chairman may demand for a
poll for any substantive resolutions put forward for voting at the shareholders’ meetings, if so required.
This statement is made in accordance with a resolution of the Board of Directors dated 12 April 2016.
DIRECTORS’ RESPONSIBILITY STATEMENT
The Board of Directors is required under Paragraph 15.26(a) of the Main Market Listing Requirements to issue a
statement explaining their responsibility in the preparation of the annual financial statements.
The provisions of the Companies Act, 1965 requires the directors to be responsible in preparing the financial
statements for each financial year which gives a true and fair view of the state of affairs of the Group and the
Company at the end of the financial year and the results of the operations, changes in equity and cash flows of
the Group and of the Company for the financial year.
In preparing the financial statements for the financial year ended 31 December 2015, the directors have :-
∙
adopted the appropriate accounting policies and applied them consistently;
∙
ensured that all applicable accounting standards have been followed;
∙
made judgments and estimates that are prudent and reasonable; and
∙
ensured the financial statements have been prepared on a going concern basis.
The Directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy
at any time the financial position of the Group and the Company and to enable them to ensure that the
financial statements comply with the Companies Act 1965.
In addition, the Directors have overall responsibility to safeguard the assets of the Company and the Group by
taking reasonable steps to prevent and detect fraud and other irregularities.
