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| Corporate Governance Statement |
The following information is derived from the Corporate Governance
Statement published in Tanjong's Annual Report for the year ended 31 January 2010.
The Board of Directors (the “Board”) is committed to maintaining high standards of corporate governance. In this regard, as the Company has a primary listing on the Bursa Securities, it has adopted and applied the Principles and Best Practices contained in the Malaysian Code of Corporate Governance (“Malaysian Code”) as well as the governance standards prescribed under Chapter 15 of the Main Market Listing Requirements of Bursa Securities (“MMLR”). A copy of the Malaysian Code is available on the Company’s website at www.tanjongplc.com. |
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| Communications between the Company and its Investors |
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The Board recognises the need for clear, effective communications with the Company’s institutional investors and other shareholders. Information on the Group’s business activities and financial performance is disseminated through press releases, press conferences, announcements of quarterly results, through the website of the Company and that of Bursa Securities and the LSE, the Annual Report and at the general meetings as well as through the Company’s website. Public announcements and news or press releases by the Company can also be availed via the websites of Bursa Securities and the LSE.
In addition, the Company maintains regular dialogues with its institutional shareholders and analysts, as and when required, to supplement its communications initiatives, subject to its Corporate Disclosure Policy. This is to promote better understanding of the Group’s financial performance and operations. The investor relations unit led by the Group Chief Financial Officer reports regularly to the Board on its activities and the views of such shareholders and analysts.
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| Annual General Meeting (“AGM”) |
The AGM is the principal forum for dialogue with all shareholders which also offers the Company an opportunity to explain the financial performance and operations of the Company. Shareholders are encouraged and given sufficient opportunity to enquire about the Group’s activities and prospects as well as to communicate their expectations and concerns at this forum. At the annual general meetings, all shareholders are given an opportunity to consider and raise questions related to the financial statements and Directors’ Report, the Directors’ Remuneration Report, the election of Directors, the final dividend, the election of External Auditors and other matters tabled for consideration at general meetings, and to vote upon the same. Any item of special business included in the Notice of the AGM will be accompanied by an explanation of the effects of a proposed resolution. Separate resolutions are tabled for different transactions and the Chairman declares the outcome of the resolutions voted upon.At least 21 clear days’ notice is given to shareholders of any AGM. Notices of AGM and Forms of Proxy thereto carry sufficient information and guidance on the appointment of proxies and completion of such forms.
Tanjong maintains a website at www.tanjongplc.com which provides pertinent and updated information on the corporate and business aspects of the Group. The website contains copies of presentations to institutional investors and research analysts. Tanjong has also sought the consent of its shareholders to receive shareholder communication, including the Annual Report by way of electronic means.All Board members, Senior Management, the Group’s External Auditors and other advisers are available to respond to shareholders’ questions during the AGM. |
| Other Channels of Communication |
Apart from the AGM, the Board encourages other channels of communication with investors. For this purpose, investors may direct their queries to:
Mr. Jason Teh, Group Investor Relations
Address : Level 30, Menara Maxis Kuala Lumpur City Centre
50088 Kuala Lumpur, Malaysia
Tel No. : +603 2381 1125
Fax No. : +603 2381 3322
E-mail Address : ir@tanjongplc.com
Shareholder related queries can be referred to the Company’s Share Registrars both in Malaysia and in the United Kingdom, the contact details of whom are set out in the Corporate Information section of this Annual Report and to the Company Secretary at tel no. +603 2381 3002 or fax no. +603 2381 3322. The Board also recognises that there could be instances where shareholders and investors may prefer to express their concerns to an Independent Director other than the Chairman. For this purpose, the Board has identified Mr. Leong Wai Hoong as the Senior Independent Director to whom such concerns can be conveyed should shareholders and investors require an alternative point of contact to the Chairman. Mr. Leong can be contacted by e-mail at whleong@tanjongplc.com or through the postal and fax references stated above.
Independent Directors met with the Minority Shareholders Watchdog Group in Malaysia (“MSWG”) in the course of the year to obtain an understanding of the Group’s governance structures and initiatives.
Information required by Paragraph 13(2)(c), (d), (f), (h) and (i) of Schedule 7 to the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 (information about share capital, voting rights, rules on amendments to articles, rules on directors’ appointment and powers of directors) is contained in the Directors’ Report.
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