.
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.
TERMS OF REFERENCE OF THE AUDIT COMMITTEE
The Terms of Reference of the Audit Committee shall be as follows:
1.0 CONSTITUTION
The Committee shall be established by a resolution of the Board of Directors and shall be known as the Audit Committee ("Audit Committee" or "Committee").
Terms Of Reference Of The Nomination And Remuneration Committee
The Terms of Reference of the Nomination and Remuneration Committee shall be as follows:
1.0 CONSTITUTION
The Committee has been established by a resolution of the Board of Directors and shall be known as the Nomination and Remuneration Committee ("NRC").
Terms Of Reference Of The Corporate Sustainability Champion
The Terms of Reference of the Corporate Sustainability Champion shall be as follows: -
1.0 CONSTITUTION
The Corporate Sustainability Champion ("CSC”) is an integral part of Kumpulan Perangsang Selangor Berhad (“Perangsang Selangor” or “Company”) and has been defined as the responsible body to manage and coordinate the sustainability process. It reports to the Chief Executive Officer (“CEO”) and submit regular reports to the Company’s Board of Directors (“Board”) for Corporate Governance and Sustainability
Enterprise Risk Management Policy
The Board has a stewardship responsibility including understanding of the risk areas, communicating the requirements of this policy and guiding the organisation in dealing with these risks.
Code Of Conduct For Directors
Principle
1.1.1 The principle of this Code is based on principles in relation to sincerity, integrity, responsibility and corporate social responsibility.
Whistleblowing
The Whistleblowing Policy and Guidelines is set out to aid in the detection and prevention of fraud.
The Whistleblower’s identity shall be protected and kept confidential unlessotherwise required by law or for purposes of any proceedings. The identity and personal information of the Whistleblowers may be revealed to persons involved in the investigations, unless consented by them.
Board Diversity Policy
Purpose
The Board Diversity Policy ('the Policy') sets out the approach to diversity on the Board of Directors (“Board”) of Kumpulan Perangsang Selangor Berhad (“Perangsang Selangor”).
Investor Relations Policy (Ir Policy)
1. INTRODUCTION
Kumpulan Perangsang Selangor Berhad, as a public listed company, is required to provide information about the Company’s corporate governance, management, operations, financial situation and prospects.
Directors Remuneration Policy
1. INTRODUCTION
The Directors’ Remuneration Policy (“the DR Policy”) is set out to provide formal and transparent guidelines with regards to Directors’ remuneration benefits for Board and Board Committees for Kumpulan Perangsang Selangor Berhad (“Perangsang Selangor” or “the Company”) and subsidiaries and/or associates of Perangsang Selangor in line with the best practice of the Malaysian Code on Corporate Governance (“MCCG”) issued by the Securities Commission (“SC”) and Corporate Governance Guide (3rd Edition) (“CG Guide”) issued by Bursa Malaysia Securities Berhad (“Bursa Malaysia”).
Senior Management Remuneration Policy
1. INTRODUCTION
The Senior Management Remuneration Policy is a formal and transparent guideline with regards to senior management remuneration benefits of Kumpulan Perangsang Selangor Berhad (“Perangsang Selangor”) and subsidiaries. It is in line with current market practice to attract, motivate, reward and retain Perangsang Selangor’s Senior Management.
Corporate Governance Report
SECTION A – DISCLOSURE ON MALAYSIAN CODE ON CORPORATE GOVERNANCE
Disclosures in this section are pursuant to Paragraph 15.25 of Bursa Malaysia Listing Requirements.
SECTION B – DISCLOSURES ON CORPORATE GOVERNANCE PRACTICES PERSUANT CORPORATE GOVERNANCE GUIDELINES ISSUED BY BANK NEGARA MALAYSIA
Disclosures in this section are pursuant to Appendix 4 (Corporate Governance Disclosures) of the Corporate Governance Guidelines issued by Bank Negara Malaysia. This section is only applicable for financial institutions or any other institutions that are listed on the Exchange that are required to comply with the above Guidelines.
Sustainability Policy
1. INTRODUCTION
The purpose of the Policy is to establish the objectives and guidelines for Kumpulan Perangsang Selangor Berhad (“KPS”) and its subsidiaries (collectively referred to as the “KPS Group” or “the Group”) with regards to sustainability matters.
Anti-Bribery and Corruption Policy
1. INTRODUCTION
1.1 Background
1.1.1 Kumpulan Perangsang Selangor Berhad ("Perangsang Selangor") takes a zero-tolerance approach towards bribery and corruption, and is committed to behaving professionally, fairly and with integrity in all business dealings and relationships wherever Perangsang Selangor and its subsidiary companies (Perangsang Selangor Group") operate, and implementing and enforcing effective systems to counter bribery and corruption.
Terms Of Reference Of The Sustainability Board Committee
The Terms of Reference of the Sustainability Board Committee shall be as follows:
1.0 CONSTITUTION
The Committee shall be established by a resolution of the Board of Directors and shall be known as the Sustainability Board Committee (“Sustainability Committee” or “Committee””).
Terms of Reference of the Board Governance and Risk Committee
1.0 CONSTITUTION
The Committee has been established by a resolution of the Board of Directors (“Board”) and shall be known as the BGRC.
Independent Directors’ Tenure Policy
1.0 INTRODUCTION
This IDT Policy sets out the approach of the Board with regards to tenure of independent directors for Kumpulan Perangsang Selangor Berhad (“Perangsang Selangor” or “the Company”) in line with the best practice of the Malaysian Code on Corporate Governance (“MCCG”) issued by the Securities Commission (“SC”) and Corporate Governance Guide (3rd Edition) (“CG Guide”) issued by Bursa Malaysia Securities Berhad (“Bursa Malaysia”).
Board Charter
1.0 INTRODUCTION
The Board of Directors (“the Board”) of Kumpulan Perangsang Selangor Berhad (“KPS” or “Company”) regards best practices of corporate governance as vital to the long-term success and sustainability of the Company.
Follow Us On
