Corporate Governance Overview Statement

  • INTRODUCTION

    This Statement is prepared in accordance with ACE Market Listing Requirements (“Listing Requirements”) and the Malaysian Code on Corporate Governance (“MCCG”). This Statement gives the shareholders an overview of the corporate governance practices of the Group during financial year ended 2020 (“FYE 2020”).

    The Board of Directors (“the Board”) recognizes the importance of good corporate governance and continues to be committed to ensure that high standards of corporate governance are practiced throughout the Group to deliver long term sustainable value to the shareholders and other stakeholders. With this in mind, the Board are pleased to present the corporate governance overview statement which takes guidance from the key Corporate Governance principles as set out in the MCCG.

    This Statement provides an overview of the Company’s application of the 3 key principles of good corporate governance set out in the Code that has been in place during the FYE 2020.

    This Statement is to be read together with the Company’s Corporate Governance Report (“CG Report”). This CG Report is available for reference at the Company’s website at www.straits-interlogistics.com as well as on the Bursa Malaysia Securities Berhad’s (“Bursa Securities”) website at www.bursamalaysia.com.

    In order to provide the latest status update of the Company, this Overview Statement on Corporate Governance also includes information up to 18 May 2021.

    The manner in which the Corporate Governance framework is applied is summarized as follows:-

  • PRINCIPLE A - PART I BOARD RESPONSIBILITIES
  • PRINCIPLE B: EFFECTIVE AUDIT & RISK MANAGEMENT
  • PRINCIPLE C: INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIPS WITH STAKEHOLDERS