The Board of Directors (“the Board”) and Management of KPS is fully committed to discharging its duties to enhance shareholders’ value in line with the broader stakeholder view of creating and delivering sustainable value for the long-term success of the Company. Concurrently, the Board is committed to upholding the highest standards of Corporate Governance (“CG”) by embracing good practices that ensure the business affairs of the Company are conducted with integrity, transparency and professionalism.
The Board strongly advocates the importance of best practices and plays an active oversight role in KPS’ governance, with a continued focus on the implementation of an effective corporate governance framework throughout the organisation.
As testament to the Board’s commitment to CG, KPS was ranked 46th among 100 public-listed companies in the 2018 ASEAN Corporate Governance Scorecard assessment, a joint initiative by the Minority Shareholder Watchdog Group and the Asian Development Bank, benchmarked against international best practices.
To raise the bar in the company’s CG standards, the Board, from time to time, reviews, benchmarks and refines KPS’ governance structures and processes based on global best practices and guidelines while at the same time ensuring continued support for effective and ethical leadership, and that business sustainability is applied in the best interests of KPS.