Tanjong plc - Corporate Governance

HOME | SEARCH | SITEMAP

Home > About Tanjong > Corporate Governance

Company Profile

Corporate Milestones

Board of Directors

Senior Management

Corporate Governance

Corporate Governance Statement

Directors
Shareholders
Accountability and Audit

Terms of Reference of Audit Committee
Internal Control Statement

Shareholder Information

Corporate Information

Awards & Recognition

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 2008.

The Board of Directors (the “Board”) is committed to maintaining high standards of corporate governance and has adopted and applied the Principles and Best Practices contained in the Malaysian Code of Corporate Governance (“Malaysian Code”). As the Company has a listing on the London Stock Exchange plc, the Board has also adhered to the Principles and Best Practices recommended in the UK Combined Code on Corporate Governance issued by the Financial Reporting Council in July 2003 and amended in June 2006 (“UK Combined Code”) where applicable to the circumstances of the Company.

	Directors
	Shareholders
	Accountability and Audit

Financial Reporting

The Board aims to convey a balanced and understandable assessment of the Group’s position and prospects in presenting the Quarterly Reports, Annual Reports and other financial reports to the Company’s shareholders and its regulators. The Annual Report incorporates the disclosure requirements outlined in International Financial Reporting Standards as endorsed by the European Union.

A Statement by the Directors of their responsibilities for preparing the financial statements is incorporated within the Report of the Directors.

Internal Controls

The Board has conducted a review of the effectiveness of the Group’s System of Internal Control. The scope and results of the review are detailed in the Internal Control Statement for the Group incorporated in the Annual Report.

Relationship with the Auditors

External Auditors
The Group maintains a professional and transparent relationship with its External Auditors which comprise representatives from the Malaysia and United Kingdom firms of PricewaterhouseCoopers. External Auditors attended four Audit Committee meetings and the Audit Committee members have held two separate meetings exclusively with the External Auditors.

Group Corporate Assurance
The Head of Group Corporate Assurance attends all Audit Committee meetings and the Group Corporate Assurance Charter stipulates that he has a functional reporting responsibility to the Audit Committee Chairman.

Other facets of the relationship between the External Auditors and the Audit Committee are elaborated in the Audit Committee Report.

Last Updated: 9/12/2008 4:20:57 PM