GROUP FINANCE (cont’d) GAN KIM BUAN
II. Board Composition (cont’d)
Board and Board Committees Membership and Meeting Attendance
For the financial year ended 31 December 2020, the Board and Board Committees members have discharged their roles and responsibilities through their attendance at the respective physical/virtual (*) meetings set out in the table below:
Members Board AC NC RC
Mr. Ho Kim Swee @ Ho Kian Guan 4/4 - - -
Executive Chairman
Dato’ Ho Cheng Chong @ Ho Kian Hock 4/4 - - -
(Alternate: Mr. Ho Chung Kain [He ChongJing]) Managing Director
Mr. Ho Eng Chong @ Ho Kian Cheong 4/4 - - -
(Alternate: Mr. Ho Chung Kiat, Sydney [He ChongJie, Sydney]) Non-Independent Non-Executive Director
Mr. Chan Lui Ming Ivan 3/4 - - -
(Alternate: Mr. Ho Chung Tao) Executive Director
Ms. Lee Huee Nan @ Lee Hwee Leng 4/4 - - -
(Alternate: Mr. Ho Chung Hui) Executive Director
Mr. Too Hing Yeap @ Too Heng Yip 4/4 4/4 1/1 2/2
Senior Independent Non-Executive Director
Maj-Gen (R) Dato’ Muhammad Bin Yunus 4/4 4/4 1/1 2/2
Independent Non-Executive Director
Mr. Tai Lam Shin 4/4 4/4 1/1 2/2
Independent Non-Executive Director
Encik Mahathir Bin Mohamed Ismail 4/4 4/4 1/1 2/2
Independent Non-Executive Director
Mr. Liew Foong Yuen 4/4 4/4 1/1 2/2
Independent Non-Executive Director
Chairman of the Board / Chairman of Board Committees Member
(*) Due to the COVID-19 pandemic (“COVID-19”), virtual meetings were held to comply with the Government’s Standard Operating Procedures.
All Directors have complied with the minimum requirements on attendance at Board meetings as stipulated under the MMLR. The Board and NC are satisfied with the level of commitment given by the Directors in fulfilling their duties and responsibilities.
C O R P O R A T E G O V E R N A N C E O V E R V I E W S T A T E M E N T ( c o n t ' d )
PRINCIPLE A - BOARD LEADERSHIP AND EFFECTIVENESS (cont’d)
II. Board Composition (cont’d)
Summary of activities of the NC for the financial year
During the financial year ended 31 December 2020, the NC has carried out the following activities:
• Reviewed the composition and dynamics of the Board and Board Committees and it was satisfied that:
➢ the Board possesses the required mix of skills, experience, competencies and other qualities needed by the Group for its core business activities; and
➢ the respective Board Committees have the necessary mix of skills, experience, competencies and other qualities to undertake the duties and responsibilities defined in the respective Committees’ Charters.
• Conducted an annual assessment that comprises performance, independence and peer and self-evaluations of the individual Directors, Board and Board Committees collectively. Based on the results of the assessments, the NC was satisfied with the performance and effectiveness of the Board and Board Committees.
• Obtained from each INED an annual independence declaration.
• Reviewed the term of office and performance of the AC and each of its members pursuant to the MMLR of Bursa Securities.
• Reviewed the details of trainings accomplished by the Directors and determined the training needs of each Director.
• Reviewed and recommended the re-election of Directors at the forthcoming AGM.
• Reviewed and recommended the retention of INEDs who have served as INEDs of the Company for a cumulative term of more than nine (9) years for shareholders’ approval.
Training and Professional Development of Directors
While grappling with the effects of COVID-19 and adapting to the new normal, the Directors of KSM remain committed in upgrading their knowledge and professional development for 2020. The Directors have kept abreast on issues and trends through business articles, periodicals and attending online seminars. Their 2020 top reads and/or seminars attended consisted of the following topics:
Articles & Periodicals Read / Seminars Attended
Topic 1-6 7 8 9 10-18 19 20-21 22 23 24 25
Reference
Members
Mr. Ho Kim Swee @ Ho Kian Guan √ √ √ √
Dato’ Ho Cheng Chong @ Ho Kian Hock √ √ √ √ √
(Alternate: Mr. Ho Chung Kain [He Chong Jing])
Mr. Ho Eng Chong @ Ho Kian Cheong √ √ √
(Alternate: Mr. Ho Chung Kiat, Sydney [He ChongJie, Sydney])
Mr. Chan Lui Ming Ivan √ √ √ √
(Alternate: Mr. Ho Chung Tao)
C O R P O R A T E G O V E R N A N C E O V E R V I E W S T A T E M E N T ( c o n t ' d )
PRINCIPLE A - BOARD LEADERSHIP AND EFFECTIVENESS (cont’d)
II. Board Composition (cont’d)
Training and Professional Development of Directors (cont’d)
Articles & Periodicals Read / Seminars Attended
Topic 1-6 7 8 9 10-18 19 20-21 22 23 24 25
Reference
Members
Ms. Lee Huee Nan @ Lee Hwee Leng √ √ √ √
(Alternate: Mr. Ho Chung Hui)
Mr. Too Hing Yeap @ Too Heng Yip √ √
Maj-Gen (R) Dato’ Muhammad Bin Yunus √ √
Mr. Tai Lam Shin √ √ √ √ √ √ √
Encik Mahathir Bin Mohamed Ismail √ √ √
Mr. Liew Foong Yuen √ √
Mr. Ho Chung Kain (He ChongJing) √ √ √ √
Mr. Ho Chung Hui √ √ √ √
Mr. Ho Chung Tao √ √ √ √ √
Mr. Ho Chung Kiat, Sydney √ √ √
(He ChongJie, Sydney)
Topic Reference - Articles & Periodicals read / Seminars attended:
Topics Date
1. Economy FY 2020
• Aid Dries Up, And Economy Shows Strain.
• Remember Brexit?
• What lies ahead: Deflation, inflation or stagflation?
• Manufacturing in U.S. Expands at Fastest Pace Since Late 2018.
• China’s Exports Jumped in July as Global Demand Rekindled.
• Understanding how GDP figures are being presented.
• Here are five charts illustrating the U.S. economic amid the coronavirus pandemic.
• Dollar Extends Fall on Economic Revival Optimism: Inside G-10.
• Euro-Area Economy Moves Towards Slow Recovery from Record Slump.
2. Forex and Interest Rates FY 2020
• Currency Trading: China's Yuan Is Riding High as Economy Rebounds.
• Fed Sees Rates Near Zero Through 2023 to Boost Jobs, Inflation.
• The Dollar's Leading Rivals All Have Their Own Drawbacks.
• Adapting to The Ninth Wonder of the World.
• The Big Cycle of the United States and the Dollar, Part 2.
C O R P O R A T E G O V E R N A N C E O V E R V I E W S T A T E M E N T ( c o n t ' d )
PRINCIPLE A - BOARD LEADERSHIP AND EFFECTIVENESS (cont’d)
II. Board Composition (cont’d)
Training and Professional Development of Directors (cont’d)
Topics Date
3. Hotel FY 2020
• Hotel brands in China - market share.
• What will hotel visits be like? Here’s your room-by-room look at the future.
• Marriott CEO Says Coronavirus Pandemic Will Change Hotel Stays.
4. Property FY 2020
• Evergrande Warns of Looming Cash Crunch, Spooking Investors.
• Chinese Developers Face New Debt Limits as Property Crackdown Continues.
• Singapore Property Market.
• The $52 Trillion Bubble: China Grapples with Epic Property Boom.
• This is the end of the office as we know it.
5. Malaysia FY 2020
• Malaysia Debt Limit Sparks Debate Over Growth Versus Prudence.
• Malaysia Cuts Key Rate to Record Low as Pandemic Risks Remain.
• Malaysia to Let Economic Activity Resume, Partly Easing Lockdown.
6. Others – Covid FY 2020
• Different Types of Vaccines.
• Moderna Wants to Transform the Body into a Vaccine-Making Machine.
7. HKEX E-Training webcast re Environment, Social and Governance. FY 2020
8. Corporate Liability Under Covid-19 – Are We Ready? 10/04/2020
9. Tax Impact of Covid-19. 24/04/2020
10. Applying Business Continuity Management (BCM) to Survive and Thrive Beyond Covid-19. 13/05/2020 11. Asia Pacific Thought Leadership Virtual Forum – Envisioning the New Normal:
Post Covid-19 Recovery Strategies in the Digital Economy. 07/07/2020
12. Webinar Series: Complying with the Guideline for the Reporting Framework for Beneficial Ownership of
Legal Persons. 13/07/2020
13. Tackling Anxiety through Emotional Intelligence. 06/08/2020
14. Asia Pacific Thought Leadership Virtual Forum – Rethinking Business Partnering – the New Way Forward. 13/08/2020 15. The Impact of the current pandemic on MFRS 136 Impairment of Assets and MFRS 110 Events after the
Reporting Period. 02/09/2020
16. Unclaimed Money Act 1965. 10/09/2020
17. Workshop 2020 on Companies Act 2016, Capital Reduction and Beneficial Ownership. 19/09/2020
18. Woman Shaping the Future in the Boardroom. 01/10/2020
19. Beneficial Ownership Reporting. 12/10/2020
20. MACC Corporate Liability – Defence for the Management & Company. 28/10/2020
21. Fraud Risk Management Workshop. 04/11/2020
22. Executive Training: 8 New Realities Shaping Our Decade. 12/11/2020
23. Risk Management Training – Risk Management Survey: Empowering Success. 08/12/2020
24. 2021 Budget Highlights; 16/12/2020
Corporate Governance Update for 2020 Annual Report;
Risk Management Impact during the Covid-19 Era; and The Implications of Covid-19 on Financial Reporting.
25. Up Close & Personal with Datuk Yvonne Chia. 24/12/2020
C O R P O R A T E G O V E R N A N C E O V E R V I E W S T A T E M E N T ( c o n t ' d )
PRINCIPLE A - BOARD LEADERSHIP AND EFFECTIVENESS (cont’d)