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FIMA CORPORATION BERHAD
(21185-P) |
Annual Report
2016
The following activities were carried out by the Nomination Committee during the financial year ended
31 March 2016:
•
Reviewed the current size and composition of the Board and Board Committees;
•
Assessed and evaluated the effectiveness of the Board as a whole and each Board Committee;
•
Assess the independence of the Independent Non-Executive Directors of the Company;
•
Reviewed the tenure of the Independent Directors who have been with the Company for more
than nine (9) years, whereupon the Committee has put forward its recommendation to the Board
to seek shareholder’s approval to retain the independent status of the Company’s Independent
Directors; and
•
Reviewed the attendance records, time commitment and training of each Director during the year
under review.
2.3 Remuneration Committee
The Remuneration Committee was formed on 28 August 2001 and the members of the Committee as
at the date of this Annual Report are:
Datuk Alias bin Ali (Chairman)
(Independent Non-Executive Director)
Rezal Zain bin Abdul Rashid
(Senior Independent Non-Executive Director)
Dato’ Adnan bin Shamsuddin
(Independent Non-Executive Director)
The Remuneration Committee’s primary responsibility is to structure and review and to make
recommendations to the Board the remuneration packages and benefits extended to the Managing
Director.
2.4 Management Committees
Management committees comprising of senior management/heads of operating units have been
established to oversee the areas of business operations assigned to them under their respective
mandates.
•
Heads of Divisions (“HOD”)
The HOD, under the chairmanship of the Managing Director, deliberates on the performance and
conduct of the Group’s operating units including the status of internal audit findings, implementation
of Group’s policies and examining all strategic matters affecting the Group.
A regular monthly meeting is held by the HOD to deliberate on operational, financial and key
management issues. The minutes of the HOD meetings are tabled to the Board for notification.
•
Corporate Disclosure Committee
The Company’s Corporate Disclosure Committee is responsible for ensuring the Group’s
compliance with its continuous disclosure obligations and for overseeing the Company’s disclosure
practices under the Company’s Corporate Disclosure Policy.
STATEMENT OF
CORPORATE GOVERNANCE
(contd.)