Corporate Governance Report

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Intended Outcome
There is demarcation of responsibilities between the board, board committees and management.

There is clarity in the authority of the board, its committees and individual directors.

Practice 2.1
The board has a board charter which is periodically reviewed and published on the company’s website. The board charter clearly identifies: -

  • the respective roles and responsibilities of the board, board committees, individual directors and management; and
  • issues and decisions reserved for the board.

Application Applied
Explanation on application of the practice The Board Charter clearly spelt out the roles and responsibilities of the Board and outlines Board membership guidelines and more specifically the role of the Chairman in leading the Board.

Besides, the Board Charter also stipulates the Board Structures of the Committees and Procedures of Board meetings besides communication with shareholders and other stakeholders.

The Board would periodically review and update the Board Charter in line with changing needs of 3A and any new regulations that may impact the discharge of the Board’s responsibilities. The Board Charter is made available on the corporate website ‐ www.three-a.com.my.

Explanation for departure  
 
Large companies are required to complete the columns below. Non-large companies are encouraged to complete the columns below.
Measure  
Timeframe    

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