Explanation for departure Large companies are required to complete the columns

Explanation for departure large companies are

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Explanation for departure : Large companies are required to complete the columns below. Non-large companies are encouraged to complete the columns below. Measure : Timeframe :
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33 Intended Outcome There is continuous communication between the company and stakeholders to facilitate mutual understanding of each other’s objectives and expectations. Stakeholders are able to make informed decisions with respect to the business of the company, its policies on governance, the environment and social responsibility. Practice 11.1 The board ensures there is effective, transparent and regular communication with its stakeholders. Application : Applied Explanation on application of the practice : The Company recognises the importance of accountability to the shareholders and as such, conveys information on the Company’s performance, directions, other matters of interest to the shareholders by way of annual reports, relevant circulars, public announcements, the Company’s website and the issuance of press releases. Annual General Meeting is used as a primary mode of communication to report on the Company’s performance. Notice of Annual General Meeting is issued at least 28 days before the date of meeting. At the Annual General Meeting, shareholders are encouraged to raise any questions pertaining to any issues regarding the Company. The Chairman, assisted by the Directors are available to answer any queries and discuss matters pertaining to the business activities of the Company. Explanation for departure : Large companies are required to complete the columns below. Non-large companies are encouraged to complete the columns below. Measure : Timeframe :
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34 Intended Outcome There is continuous communication between the company and stakeholders to facilitate mutual understanding of each other’s objectives and expectations. Stakeholders are able to make informed decisions with respect to the business of the company, its policies on governance, the environment and social responsibility. Practice 11.2 Large companies are encouraged to adopt integrated reporting based on a globally recognised framework. Application : Departure Explanation on application of the practice : Explanation for departure : Practice 11.2 is only applicable to Large companies. The Company is not defined as a Large company. The Company’s reporting complies with the Companies Act 2016, the applicable accounting standards and Bursa Malaysia listing requirements. The Company’s various individual reports such as the Audit Committee Report, Overview Statement of Corporate Governance, Statement of Risk Management and Internal Controls, Directors’ Responsibility Statement, Sustainab ility Report and Statement of Management Discussion & Analysis are prepared in a concise and clear manner for disclosure in the Company’s Annual Report 2018. Large companies are required to complete the columns below. Non-large companies are encouraged to complete the columns below. Measure : Please explain the measure(s) the company has taken or intend to take to adopt the practice. Timeframe : Choose an item.
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