Statement on
Corporate governance
the global economic outlook has on the Group’s various business divisions and with this hindsight, actively review the overall business activities, capital expenditure
requirements and forex strategies. Proposed mergers and acquisitions of the Group are discussed and those identified deals are reviewed and deliberated by the
Committee together with the detailed feasibility study which includes the strategic and operational risk assessment report undertaken by the Risk Management
Committee.
The members of the Finance Committee comprised the Executive Directors, Chief Executive Officer of the Industrial Services Division, Chief Financial Officer of the
Oil & Gas Division, Financial Controller of the Industrial Services Division, Head of Group Treasury and Head of Group Tax, Strategic Finance & Special Projects. The
Finance Committee meets on a regular basis.
1.13 Directors’ Training
All members of the Board have attended the Mandatory Accreditation Programme as required under the MMLR.
The Directors do and will undergo such similar or continuing training and education programmes from time to time to equip and keep themselves abreast of the
latest developments in order to discharge their duties and responsibilities more effectively.
During the financial year under review, the Directors had participated in various programmes, courses and forums which they have individually or collectively
considered as relevant and useful in contributing to the effective discharge of their duties as Directors.
A brief description of the type of training/courses attended by the Directors for the financial year under review is as set out below.
Details of Directors’ Training Date of Course/Name of Organiser
Type of Training/Courses Attended
Dato’ Seri Robert Tan Chung
Meng
28 April 2014/
BDO Binder
GST Awareness Training
25 November 2014/
PricewaterhouseCoopers (“PwC”)
2015 Budget Highlights
Pauline Tan Suat Ming
2 July 2014/
Bursa Malaysia Securities Berhad (“Bursa Securities”)
Advocacy Sessions on Corporate Disclosure for Directors
28 August 2014/
Tricor Knowledge House Sdn Bhd (“Tricor”)
Roles & Responsibilities of Directors in relation to
Financial Statements
Professor Tan Sri Lin See Yan
18 February 2014/
PNB Investment Institute Sdn Bhd (“PNB”)
PNB Nominee Directors’ Convention 2014 on “Managing
Stakeholders’ Expectations in the Fast Changing Business
Trends Towards Value Creation”
19 March 2014/
Jeffrey Cheah Institute
Panelist on “Human Capital Needs for the 21st Century:
The Role of Higher Education” at the Inaugural Conference
of the Jeffrey Cheah Institute on Southeast Asia
2 April 2014/
Hawaii Asia Pacific Association
Keynote Speaker at a luncheon talk on “Current Economic
Situation in Malaysia”.
24 April 2014/
Malaysian Accounting Standards Board
Roundtable discussion on “Financial Reporting”
23 & 26 May 2014/
Fudan University, Shanghai
Speaker at the 2014 Shanghai Forum on “Economic
Globalisation and the Choice of Asia – Asia Transforms:
Identifying New Dynamics”
26 & 27 June 2014/
Asian Institute of Management
Second Asian Business Conference 2014: “2015
Approaching: Priming for ASEAN Integration”
3 September 2014/
Singapore Institute of Directors (“SID”)
SID Conference 2014 on “Towards the New Capitalism”
11 December 2014/
Universiti Sains Malaysia
Keynote Speaker at the International Conference on
“Contemporary Economic Issues 2014”
33
Wah Seong Corporation Berhad • Annual Report 2014
