Statement on Corporate Governancelibapps2.nus.edu.sg/nus_hl/tali32002.pdf · Encik Sulaiman bin Salleh (appointed w.e.f 25 February 2002) Independent 4/4 ... Untuk memastikan Pengarah

Taliworks Corporation Berhad (6052-V)42

The Board of Directors (the Board) fully appreciates the importance of adopting the principles and best practices as setout in the Malaysian Code of Corporate Governance (the Code) and have taken steps to progressively implement themto promote good Corporate Governance within the Group.

The Board is pleased to report to shareholders on the manner the Group has applied the principles of good governanceand the extent to which it has complied with the best practices set out in the Code.

BOARD OF DIRECTORS

Board Responsibilities

The Board has overall responsibility for the corporate governance of the Group, including its strategic direction, establishinggoals for management and monitoring the achievement of these goals.

The Board has reserved to itself for decision in respect of areas significant to the Group’s business, which includes theapproval of the corporate plans and annual budgets, announcement of the quarterly results, acquisitions and disposalsof segments of the business, approval of major capital expenditure projects, consideration of significant financial matters,appointments to the Board and changes to the management and control structure within the Group.

Board Composition and Balance

The Board led by a Non-Executive Chairman, is made up of ten members comprising two Executive Directors and eightNon-Executive Directors, three of whom are Independent. Together, the Directors bring a wide range of business andfinancial experience relevant and necessary for the effective stewardship of the Group.

The profiles of each of the Directors are set out on pages 12 to 20 of this Annual Report.

There is a clear accepted division of responsibility between the Chairman and the Executive Directors to ensure abalance of power and authority. The Executive Directors are responsible for the day to day management of the businessas well as implementing the policies and decisions of the Board. The Independent Non-Executive Directors are consideredby the Board of Directors to be independent of management and free of any relationship which could materially interferewith the exercise of their independent judgment.

To assist in discharging its duties, the Board may form committees delegated with specific authority which operatesunder approved terms of reference and guidelines, whenever required.

Meetings

The Board meets regularly to review corporate strategy, business operations and performance of the Group.

The Board ordinarily meets four times per financial year with additional meeting being convened as necessary.

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43Taliworks Corporation Berhad (6052-V)

Penyata Mengenai Tadbir Urus Korporat

Ahli-ahli Lembaga Pengarah (Lembaga Pengarah) amat mengakui akan kepentingan untuk melaksanakan prinsip-prinsipdan amalan-amalan baik yang digariskan di dalam Kod Tadbir Urus Korporat Malaysia (Kod) dan langkah-langkah wajartelah serta sedang diambil secara progresif untuk melaksanakannya di dalam usaha untuk meningkatkan lagi penerimaanterhadap Tadbir Urus Korporat di dalam Kumpulan.

Lembaga Pengarah amat berbesar hati untuk melaporkan kepada para pemegang saham berkenaan cara ia menggunapakai prinsip-prinsip Kod berkenaan dan sejauh mana ia telah mematuhi amalan terbaik Kod tersebut.

LEMBAGA PENGARAH

Tanggungjawab Lembaga

Lembaga Pengarah bertanggungjawab terus untuk memastikan wujudnya tadbir urus yang mampan di dalam Kumpulan,termasuk menetapkan matlamat strategik, menentukan arah yang perlu dicapai oleh Pengurusan dan seterusnyamemantau pencapaian-pencapaian berasaskan matlamat strategik tadi.

Perkara-perkara yang berkaitan dengan keputusan-keputusan perniagaan Kumpulan yang penting termasuk kelulusanrancangan korporat dan bajet tahunan, pengumuman keputusan suku tahunan, pengambilalihan dan pelepasan segmen-segmen perniagaan, keputusan bagi perbelanjaan modal utama, pertimbangan untuk urusan kewangan yang signifikan,perlantikan Pengarah dan perubahan pengurusan serta struktur kawalan di dalam Kumpulan adalah terletak di bawahpengkhususan kuasa Lembaga Pengarah sahaja.

Keseimbangan dan Komposisi Lembaga Pengarah

Lembaga Pengarah diketuai oleh Pengerusi Bukan Eksekutif, terdiri daripada sepuluh orang ahli, dua daripadanyamerupakan Pengarah Eksekutif, manakala lapan ahli yang lain merupakan Pengarah Bukan Eksekutif termasuk tigaPengarah Bebas. Ahli-ahli Lembaga Pengarah membawa bersama-sama mereka latar belakang yang berlainan,merangkumi bidang-bidang perniagaan dan kewangan untuk secara efektif memastikan kejayaan hala tuju Kumpulan.

Profil ahli-ahli Lembaga Pengarah adalah seperti yang tertera di halaman 12 hingga 20 di dalam Laporan Tahunan ini.

Wujud pembahagian kuasa yang jelas antara Pengerusi dan Pengarah-Pengarah Eksekutif, bagi memastikan keseimbangankuasa dan autoriti. Pengarah-Pengarah Eksekutif bertanggungjawab untuk memastikan urusan pentadbiran harianperniagaan termasuk penerapan polisi dan keputusan-keputusan Lembaga Pengarah dilaksanakan. Pengarah-PengarahBukan Eksekutif Bebas adalah dianggap oleh Lembaga Pengarah mempunyai pertimbangan pengurusan yang bebasdan tidak mempunyai apa-apa hubungan yang berkemungkinan menganggu proses pertimbangan yang bebas tadi.

Untuk membantu Lembaga Pengarah melaksanakan fungsi-fungsinya, Jawatankuasa-jawatankuasa berkaitan bolehdibentuk dengan terma-terma dan garis panduan tertentu, apabila diperlukan.

Mesyuarat

Mesyuarat Lembaga Pengarah diadakan secara konsisten untuk menilai semula strategi korporat, operasi perniagaandan prestasi Kumpulan.


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Meetings (Cont’d)

The Board met five times during the year ended 31 December 2002 and the attendance record is as follows:-

Board Meeting

Name of Directors Status Attended

YBhg Dato’ Hj. Zabir bin Bajuri Non Executive 5/5

YBhg Dato’ Lim Ah Bak @ Lim Geok Bak Non Executive 3/5

YAM Tengku Putri Arafiah bte

Al-Marhum Sultan Salahuddin Abd. Aziz Shah Al-Haj Independent 4/5

YBhg Datin Paduka Hajjah Juma’ah Moktar Non Executive 5/5

YBhg Dato’ Hj. Mohd Sinon bin Mudzakir Independent 5/5

YBhg Dato’ Hj. Abd. Karim @ Mohd Yusof bin Abdul Rahman Non Executive 3/5

YBhg Dato’ Wan Puteh bin Wan Mohd Saman Non Executive 5/5

Tuan Haji Abdul Rahman Siraj Executive 4/5

Mr. Lim Chee Meng Executive 5/5

Encik Sulaiman bin Salleh (appointed w.e.f 25 February 2002) Independent 4/4

Besides Board meetings, the Board also exercises control on matters that require Board’s approval through circulationof Directors’ Resolutions.

Supply of Information

Prior to each Board Meeting, the members of the Board are provided with a complete set of Board Papers containingreports and other relevant information detailing various aspects of the Group’s operations and performance to enablethem to discharge their duties. All Directors have access to the advice and services of the Company Secretary andwhere necessary, in furtherance of their duties take independent professional advice at the Group’s expense, if necessary.

Re-Election of the Board

In accordance with the Company’s Articles of Association, one-third (1/3) of the Directors for the time being shall retirefrom office at each Annual General Meeting and be eligible for re-election provided always that each Director shall retirefrom office at least once in every three (3) years, but shall be eligible for re-election.

Any person appointed by the Board either to fill a casual vacancy or as an addition to the existing Directors, shall holdoffice until the next Annual General Meeting and shall then be eligible for re-election.

Directors over the age of seventy (70) years of age are required to offer themselves for re-appointment at each AnnualGeneral Meeting in accordance with Section 129 (6) of the Companies Act, 1965.

Nomination Committee

The Nomination Committee was formed on 26 November 2002. The Committee comprises the following members:-

Encik Sulaiman bin Salleh (Chairman)YAM Tengku Putri Arafiah bte Al-Marhum Sultan Salahuddin Abdul Aziz Shah Al-HajYBhg Dato’ Wan Puteh Bin Wan Mohd Saman



Mesyuarat (Sambungan)

Lembaga Pengarah biasanya mengadakan mesyuarat empat kali bagi setiap tahun kewangan dan mengadakan mesyuarattambahan jika perlu. Bagi tahun kewangan berakhir 31 Disember 2002, Lembaga Pengarah telah bermesyuarat sebanyaklima kali dan rekod kehadiran adalah seperti berikut:-

Bilangan

Mesyuarat Lembaga

Nama Pengarah Status yang dihadiri

YBhg Dato’ Hj. Zabir bin Bajuri Bukan Eksekutif 5/5YBhg Dato’ Lim Ah Bak @ Lim Geok Bak Bukan Eksekutif 3/5YAM Tengku Putri Arafiah bte Al-Marhum Sultan Salahuddin Abd. Aziz Shah Al-Haj Bebas 4/5YBhg Datin Paduka Hajjah Juma’ah Moktar Bukan Eksekutif 5/5YBhg Dato’ Hj. Mohd Sinon bin Mudzakir Bebas 5/5YBhg Dato’ Hj. Abd. Karim @ Mohd Yusof bin Abdul Rahman Bukan Eksekutif 3/5YBhg Dato’ Wan Puteh bin Wan Mohd Saman Bukan Eksekutif 5/5Tuan Haji Abdul Rahman Siraj Eksekutif 4/5Encik Lim Chee Meng Eksekutif 5/5Encik Sulaiman bin Salleh (Dilantik pada 25 Febuari 2002) Bebas 4/4

Selain daripada mesyuarat Lembaga, Lembaga Pengarah juga melaksanakan kawalan-kawalan perlu melalui pengedaranResolusi Pengarah yang memerlukan persetujuan Lembaga Pengarah.

Bekalan Maklumat

Untuk memastikan Pengarah dapat menjalankan tugas-tugas mereka, sebelum mesyuarat Lembaga, ahli-ahli akan dibekalkandengan kertas-kertas maklumat yang berkaitan dengan laporan dan informasi-informasi yang relevan berkenaanaspek-aspek operasi serta prestasi Kumpulan. Semua Pengarah boleh mendapatkan nasihat dan khidmat SetiausahaSyarikat dan jika perlu, mendapatkan nasihat professional bebas, dengan perbelanjaan ditanggung oleh Syarikat.

Pemilihan Semula Pengarah-Pengarah

Selaras dengan Tataurusan Syarikat, satu pertiga (1/3) dari ahli-ahli Lembaga Pengarah semasa akan bersara padaMesyuarat Agung Tahunan dan layak untuk dipilih semula dengan syarat Pengarah berkenaan bersara sekurang-kurangnyasekali dalam tempoh 3 tahun.

Seseorang individu yang dilantik oleh Lembaga Pengarah untuk mengisi kekosongan tertentu ataupun sebagai tambahankepada para Pengarah yang sedia ada, akan memegang jawatan tersebut sehingga Mesyuarat Agung Tahunan yangakan datang untuk melayakkan diri untuk dipilih semula.

Para Pengarah yang berusia lebih 70 tahun dikehendaki menawarkan diri mereka untuk pemilihan semula di setiapMesyuarat Agung Tahunan selaras dengan Seksyen 129 (6), Akta Syarikat 1965.

Jawatankuasa Pencalonan

Jawatankuasa Pencalonan telah ditubuhkan pada 26 November 2002. Komposisi ahli-ahli Jawatankuasa adalah seperti berikut:-

Encik Sulaiman bin Salleh (Pengerusi)YAM Tengku Putri Arafiah bte Al-Marhum Sultan Salahuddin Abdul Aziz Shah Al-HajYBhg Dato’ Wan Puteh bin Wan Mohd Saman


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Nomination Committee (Cont’d)

The Nomination Committee is responsible for recommending suitable candidates with the necessary skills, experienceand competencies to be appointed to the Board and also assessing the effectiveness of the Board and the contributionof each Director. The Board through the Nomination Committee review its required mix of skills and experience andother qualities the Board requires in order for it to discharge its duties effectively.

Remuneration Committee

The Remuneration Committee was formed on 26 November 2002. The Committee comprises the following members:-

YBhg Dato’ Hj. Zabir bin Bajuri (Chairman)YBhg Dato’ Wan Puteh bin Wan Mohd SamanMr. Lim Chee Meng

The Remuneration Committee is responsible for reviewing and recommending to the Board, the remuneration frameworkfor Directors and assist the Board in ensuring that the remuneration of the Directors reflects the responsibility andcommitment undertaken by the Board membership.

The Board as a whole determines the remuneration of each Director. Directors do not participate in decisions regardingtheir own remuneration package. Directors’ fees are approved at the Annual General Meeting by the shareholders.

DIRECTORS’ REMUNERATION

The details of Directors remuneration for the financial year ended 31 December 2002 are as follows:-

(a) Aggregate remuneration categorized into appropriate components:-

Executive Directors Non-Executive Directors Total (RM)

(a) Fees (RM) 20,000 90,000 110,000(b) Salaries & Other

Emoluments (RM) 644,164 102,000 746,164(c) Benefits In Kind (RM) 15,000 - 15,000

Total 679,164 192,000 871,164

(b) The number of Directors of the Company whose remuneration fall within the following bands:-

Range of Remuneration Executive Directors Non-Executive Directors Total

Below RM100,000 - 7 7RM100,000 to RM200,000 - 1 1RM200,000 to RM300,000 1 - 1RM300,000 to RM450,000 1 - 1

Total 2 8 10



Jawatankuasa Pencalonan (Sambungan)

Jawatankuasa Pencalonan bertanggungjawab untuk mengesyorkan calon-calon yang bersesuaian baik dari segi kemahiran,pengalaman dan kelayakan untuk dilantik sebagai ahli Lembaga Pengarah. Jawatankuasa juga menilai tahap keberkesananLembaga Pengarah dan sumbangan setiap Pengarah. Lembaga Pengarah melalui Jawatankuasa Pencalonan, mengkajicampuran kepakaran dan pengalaman-pengalaman serta kualiti-kualiti lain yang diperlukan, bagi membolehkan LembagaPengarah melaksanakan tugasnya dengan berkesan.

Jawatankuasa Imbuhan

Jawatankuasa Imbuhan telah ditubuhkan pada 26 November 2002. Komposisi ahli-ahli Jawatankuasa adalah sepertiberikut:-

YBhg Dato’ Hj. Zabir bin Bajuri (Pengerusi)YBhg Dato’ Wan Puteh bin Wan Mohd SamanEncik Lim Chee Meng

Jawatankuasa Ganjaran bertanggungjawab untuk menilai dan mengesyorkan kepada Lembaga Pengarah, dasar imbuhanpara Pengarah dan membantu Lembaga Pengarah bagi memastikan agar imbuhan para Pengarah menunjukkan denganjelas akan tanggungjawab dan komitmen yang berkaitan dengan keahlian sebagai ahli Lembaga Pengarah.

Lembaga Pengarah secara keseluruhannya menentukan imbuhan bagi setiap Pengarah. Pengarah-Pengarah berkenaanakan mengecualikan diri jika sekiranya keputusan dibuat untuk menentukan imbuhan mereka sendiri. Yuran Pengarah-Pengarah diluluskan di Mesyuarat Agung Tahunan oleh para pemegang saham.

Imbuhan Pengarah

Perincian imbuhan Pengarah-Pengarah bagi tahun kewangan yang berakhir pada 31 Disember 2002 adalah sepertiberikut:-

(a) Agregat imbuhan yang dikategori dalam komponen-komponen yang bersesuaian:-

Pengarah-Pengarah Pengarah-Pengarah

Eksekutif Bukan Eksekutif Jumlah (RM)

(a) Yuran (RM) 20,000 90,000 110,000(b) Gaji & Pendapatan

Lain (RM) 644,164 102,000 746,164(c) Manfaat Bukan

Berbentuk Wang (RM) 15,000 - 15,000

Jumlah 679,164 192,000 871,164

(b) Jumlah para Pengarah Syarikat yang kadar imbuhan mereka berada dalam kategori yang berikut:-

Pengarah-Pengarah Pengarah-Pengarah

Kadar Imbuhan Eksekutif Bukan Eksekutif Jumlah (RM)

Bawah RM100,000 - 7 7 RM100,000 ke RM200,000 - 1 1 RM200,000 ke RM300,000 1 - 1 RM300,000 ke RM450,000 1 - 1

Jumlah 2 8 10


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RELATIONSHIP WITH SHAREHOLDERS

Relationship with Shareholders and Investors

The Company recognizes the importance of accountability to its shareholders through proper communication with itsshareholders. This is done through timely dissemination of information on the Group’s performance and majordevelopments which are communicated to them vide the following:-

(i) the Annual Report and relevant Circulars.(ii) issuance of various disclosures and announcements inclusive of the quarterly financial performance of the Group

to the Kuala Lumpur Stock Exchange.

Annual General Meeting (AGM)

The Chairman and the Board encourage shareholders to attend and participate in the AGM held annually. The shareholdersare given the opportunity to seek clarification on any matters pertaining to the business activities and financial performanceof the Company. Additionally, a press conference is held immediately after the AGM where the Chairman answersquestions on the Group’s performance for the financial year and future prospects. The Executive Directors are alsopresent at the press conference to clarify and explain any issue.

ACCOUNTABILITY AND AUDIT

Financial Reporting

The Board aims to present a balanced and meaningful assessment of the Group’s financial performance and prospectsto the shareholders, investors and regulatory authorities. This assessment is primarily provided in the Annual Reportthrough the Chairman’s Statement, Chief Executive Officer’s Review of Operations and the Financial Statements.

The Company also presents the Group’s financial results on a quarterly basis via public announcements. The quarterlyfinancial results are reviewed by the Audit Committee and approved by the Board of Directors prior to release to theKuala Lumpur Stock Exchange.

Statement of Directors’ Responsibility for Preparing the Financial Statements

The Board is responsible for ensuring that the financial statements of the Group give a true and fair view of the state ofaffairs of the Group and Company at the end of the financial year and of the results and cash flows of the Group andCompany for the financial year. In preparing the financial statements, the Board has ensured that applicable approvedaccounting standards in Malaysia and the provisions of the Companies Act, 1965 have been applied.

In preparing the financial statements, the Board has selected and applied consistently suitable accounting policies, andmade judgments and estimates that are reasonable and prudent.

The Board also have a general responsibility for taking such steps as are reasonably open to them to safeguard theassets of the Group and to prevent and detect fraud and other irregularities.

Relationship with Auditors

The role of the Audit Committee in relation to the external auditors is described on page 54.

The report by the Audit Committee for the financial year is set out on pages 50 to 54.



HUBUNGAN DENGAN PARA PEMEGANG SAHAM

Hubungan dengan Para Pemegang Saham dan Pelabur

Syarikat mengakui akan pentingnya ketelusan berkomunikasi yang tepat kepada para pemegang sahamnya.Ini dilaksanakan melalui penghebahan maklumat yang tepat dan berjadual berkenaan prestasi dan perkembangan pentingKumpulan melalui kaedah-kaedah berikut:-

(i) Laporan Tahunan dan Pekeliling-Pekeliling yang relevan.(ii) Pelbagai pemberitahuan dan pengumuman yang dibuat kepada Bursa Saham Kuala Lumpur termasuk

keputusan kewangan suku tahun Kumpulan.

Mesyuarat Agung Tahunan (MAT)

Pengerusi dan Lembaga Pengarah menggalakkan para pemegang saham untuk menghadiri dan menyertai MAT. Semasaprosiding MAT, para pemegang saham diberi peluang untuk mendapatkan penjelasan berhubung pelbagai aspek berkaitanaktiviti dan prestasi kewangan Kumpulan. Tambahan daripada ini juga, satu sidang media akan dibuat sebaik sahajaselepas MAT, di mana Pengerusi akan menjawab persoalan berkenaan prestasi Kumpulan bagi tahun kewangan semasadan prospek masa depan. Pengarah-Pengarah Eksekutif turut hadir semasa sidang media untuk menjelaskan danmenghuraikan sebarang isu yang berkaitan.

KEBERTANGGUNGJAWABAN DAN AUDIT

Laporan Kewangan

Lembaga Pengarah bertekad untuk memastikan wujudnya keseimbangan dan penilaian yang saksama terhadap prestasiserta prospek kewangan Kumpulan kepada para pemegang saham, para pelabur dan pihak berkuasa. Penilaian yangdimaksudkan dapat dilihat didalam Laporan Tahunan melalui Penyata Pengerusi, Tinjauan Operasi oleh Ketua PegawaiEksekutif dan Penyata Kewangan.

Syarikat turut mengumumkan keputusan kewangan suku tahunan Kumpulan melalui penghebahan-penghebahan awam.Keputusan kewangan Kumpulan bagi setiap suku tahun akan dikaji oleh Jawatankuasa Audit dan diluluskan oleh LembagaPengarah sebelum dilaporkan kepada Bursa Saham Kuala Lumpur.

Lembaga Pengarah mempunyai tanggungjawab menyeluruh untuk mengambil pelbagai langkah yang mereka anggapwajar untuk menjaga aset-aset Kumpulan bagi mencegah dan mengesan sebarang pemalsuan dan sebarang keadaanlain yang tidak mematuhi peraturan.

Perhubungan dengan Juruaudit

Peranan Jawatankuasa Audit dalam hubungannya dengan juruaudit luar adalah seperti yang dinyatakan di muka surat 55di dalam Laporan Tahunan ini.

Laporan Jawatankuasa Audit bagi tahun kewangan semasa adalah seperti yang tertera di muka surat 51 hingga 55 didalam Laporan Tahunan ini.


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MEMBERSHIP

The present members of the Committee comprise:-

YBhg Dato’ Hj. Mohd Sinon bin Mudzakir - Chairman, Independent Non-Executive DirectorEncik Sulaiman bin Salleh - Independent Non-Executive DirectorYAM Tengku Putri Arafiah bte Al-Marhum Sultan - Independent Non-Executive Director Salahuddin Abdul Aziz Shah Al-HajMr. Lim Chee Meng - Executive Director

TERMS OF REFERENCE

The terms of reference are set out on page 52 to 54 of this Annual Report.

MEETINGS

The Audit Committee convened four (4) meetings, which were attended by members, during the financial year asfollows :-

Name of Directors Meetings attended

YBhg Dato’ Hj. Mohd Sinon bin Mudzakir 4/4

Encik Sulaiman bin Salleh 4/4

YAM Tengku Putri Arafiah bte Al – Marhum Sultan Salahuddin Abdul Aziz Shah Al – Haj 2/4

Mr. Lim Chee Meng 4/4

The meetings were appropriately structured through the use of agendas, which were distributed to members withsufficient notification.

The Chief Executive Officer and the Company Secretary were present in the meetings, as required. Representatives ofthe external auditors, Messrs PricewaterhouseCoopers, representatives of the internal auditors, Messrs KPMG, as wellas the General Manager, Finance and other senior managers, if necessary, also attended the meetings upon invitation.

Summary of activities during the financial year

The Audit Committee carried out its duties in accordance with its terms of reference during the year.

The main activities undertaken by the Committee were as follows:-

• Reviewed the external auditors’ scope of work and audit plans for the year. Prior to the audit, representatives fromthe external auditors presented their audit strategy and plan.

• Reviewed with the external auditors the approved accounting standards applicable to the group financial statementsfor the financial year ended 31 December 2002.

• Reviewed with the external auditors the results of the audit, the audit report, and audit and accounting mattersincluding management’s response.


Laporan Jawatankuasa Audit

KEAHLIAN

Ahli-ahli Jawatankuasa Audit semasa adalah seperti berikut:-

YBhg Dato’ Hj. Mohd Sinon bin Mudzakir - Pengerusi, Pengarah Bebas Bukan EksekutifEncik Sulaiman bin Salleh - Pengarah Bebas Bukan EksekutifYAM Tengku Putri Arafiah bte Al-Marhum Sultan - Pengarah Bebas Bukan Eksekutif Salahuddin Abdul Aziz Shah Al-HajEncik Lim Chee Meng - Pengarah Eksekutif

TERMA RUJUKAN

Terma-terma Rujukan adalah seperti yang tertera di muka surat 53 hingga 55 di dalam Laporan Tahunan ini.

MESYUARAT

Jawatankuasa Audit telah mengadakan empat (4) mesyuarat, yang dihadiri oleh ahli-ahlinya bagi tahun kewangan semasaadalah seperti berikut:

Para Pengarah Kehadiran Mesyuarat

YBhg Dato’ Hj. Mohd Sinon bin Mudzakir 4/4

Encik Sulaiman bin Salleh 4/4

YAM Tengku Putri Arafiah bte Al-Marhum Sultan Salahuddin Abdul Aziz Shah Al-Haj 2/4

Encik Lim Chee Meng 4/4

Mesyuarat Jawatankuasa Audit mempunyai struktur yang jelas melalui penggunaan agenda mesyuarat, yang diedarkankepada semua ahli dalam jangkamasa yang bersesuaian.

Menjadi keperluan bagi Ketua Pegawai Eksekutif dan Setiausaha Syarikat hadir bagi setiap mesyuarat. Wakil daripadaJuruaudit Luaran iaitu Tetuan PricewaterhouseCoopers, wakil daripada Juruaudit Dalaman iaitu, Tetuan KPMG, sertajuga Pengurus Besar Kewangan dan pengurus-pengurus kanan yang lain, jika diperlukan, turut hadir, atas jemputan.

Ringkasan Aktiviti Jawatankuasa Audit Bagi Tahun Kewangan Semasa

Jawatankuasa Audit melaksanakan tanggungjawabnya berdasarkan terma-terma rujukan bagi setiap tahun yang berkenaan.

Aktiviti-aktiviti utama yang dilaksanakan oleh Jawatankuasa adalah seperti berikut:-

• Menyemak pelan audit tahunan dan rangka kerja Juruaudit Luaran. Sebelum audit dilaksanakan, wakil dari JuruauditLuaran akan membentangkan pelan dan strategi audit.

• Menyemak penyata kewangan kumpulan yang berakhir pada 31 Disember 2002 dengan Juruaudit Luaran berdasarkanpiawaian perakaunan yang diluluskan.

• Menyemak keputusan audit, laporan audit dan urusan-urusan perakaunan dan audit termasuk reaksi pengurusandengan Juruaudit Luaran.


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Summary of activities during the financial year (Cont’d)

• Reviewed the quarterly unaudited financial results announcements before recommending them for the Board’s approval.The review and discussions were conducted with the Chief Executive Officer and the General Manager, Finance.

• Reviewed the internal audit plan for the financial year under review and assessed the performance of the internalaudit function.

• Reviewed the internal audit reports on audit findings, recommendations and management’s response and ensuredthat material findings are adequately addressed by management.

• Reviewed the Statement on Internal Control prior to submission to the Board for their consideration and approval.

Internal Audit Function

The Group will focus on a risk-based approach to the implementation and monitoring of internal controls. The monitoringprocess also forms the basis for continually improving the risk management process in the context of the Group’soverall goals.

To assist the Board of Directors in monitoring and managing risks and internal controls, the Group appointed MessrsKPMG to provide enterprise risk management and internal audit services.

The principal role of the internal audit function is to undertake independent, regular and systematic reviews of thesystems of internal control so as to provide reasonable assurance that such systems continue to operate satisfactorilyand effectively. It is the responsibility of the internal audit function to provide the Audit Committee with independentand objective reports on the state of internal control of the various operating units within the Group and the extent ofcompliance of the units with the Group’s established policies and procedures as well as relevant statutory requirements.

Further details of the activities of the internal audit functions are set out in the Statement on Internal Control on pages56 to 58.

TERMS OF REFERENCE OF THE AUDIT COMMITTEE

Membership

The Audit Committee shall be appointed by the Board from amongst the Directors and shall consist of not less thanthree members, a majority of whom shall be independent Directors. The members of the Audit Committee shall electa chairman from among their member who shall be an independent Director. An alternate Director must not be appointedas a member of the Audit Committee.

At least one member of the Audit Committee:-

• must be a member of the Malaysian Institute of Accountants; or• if he is not a member of the Malaysian Institute of Accountants, he must have at least 3 years’ working experience

and:-- he must have passed the examinations specified in Part I of the 1st Schedule of the Accountants Act 1967; or- he must be a member of one of the association of accountants specified in Part II of the 1st Schedule of the

Accountants Act 1967.



Ringkasan Aktiviti Jawatankuasa Audit Bagi Tahun Kewangan Semasa (Sambungan)

• Menyemak keputusan kewangan suku tahunan yang belum diaudit sebelum diluluskan oleh Lembaga Pengarah.Penyemakan dan perbincangan dilakukan bersama-sama dengan Ketua Pegawai Eksekutif dan Pengurus BesarKewangan.

• Menyemak semula pelan audit dalaman bagi sesuatu tahun semasa dan menilai prestasi fungsi-fungsi audit dalaman.• Menyemak laporan-laporan audit dalaman berkaitan jumpaan-jumpaan audit, syor-syor berkaitan serta reaksi pengurusan,

dan memastikan agar jumpaan-jumpaan audit yang berkaitan di ambil perhatian sewajarnya oleh pengurusan.• Menyemak Penyata Mengenai Kawalan Dalaman sebelum disyorkan kepada Lembaga Pengarah untuk pertimbangan

dan kelulusan.

Fungsi Audit Dalaman

Kumpulan akan menggunakan kaedah pendekatan berasaskan risiko untuk pelaksanaan dan pemantauankawalan-kawalan dalaman. Proses pemantauan ini merupakan asas penting secara berterusan, untuk memperbaikiproses pengurusan risiko di dalam konteks sasaran keseluruhan Kumpulan.

Kumpulan, telah melantik Tetuan KPMG untuk memberikan perkhidmatan pengurusan risiko perniagaan dan audit dalaman,untuk membantu Lembaga Pengarah memantau dan mengurus risiko dan kawalan-kawalan dalaman.

Prinsip utama fungsi kawalan dalaman adalah untuk mempastikan wujudnya kebebasan, kawalan berulang dantinjauan-tinjauan sistematik terhadap sistem-sistem kawalan dalaman agar wujudnya keyakinan yang munasabah yangsistem-sistem berkenaan berfungsi dengan memuaskan dan berkesan secara berterusan. Adalah menjadi tanggungjawabfungsi kawalan dalaman untuk mempastikan laporan-laporan yang bebas dan objektif kepada Jawatankuasa Audit berkaitandengan keadaan kawalan dalaman operasi beberapa unit di dalam Kumpulan dan mengenalpasti tahap pematuhan unit-unit tersebut terhadap polisi dan prosedur Kumpulan, termasuk keperluan-keperluan statutori yang berkaitan.

Maklumat-maklumat yang lebih lanjut berkaitan dengan fungsi-fungsi audit dalaman adalah seperti yang tertera di dalamPenyata Mengenai Kawalan Dalaman di halaman 57 dan 59.

TERMA-TERMA RUJUKAN JAWATANKUASA AUDIT

Keahlian

Jawatankuasa ini perlu dilantik di kalangan ahli-ahli Lembaga Pengarah dan dianggotai oleh tidak kurang dari tiga orang(3) ahli, yang majoritinya hendaklah terdiri daripada para pengarah bebas. Ahli-ahli Jawatankuasa Audit akan memilih dikalangan mereka seorang pengerusi yang merupakan seorang pengarah bebas. Pengarah pengganti tidak boleh dilantiksebagai ahli Jawatankuasa Audit.

Sekurang-kurangnya seorang ahli Jawatankuasa Audit mestilah:-

• merupakan seorang ahli Institut Akauntan Malaysia; atau• jika beliau bukan seorang ahli Institut Akauntan Malaysia, beliau perlu mempunyai sekurang-kurangnya 3 tahun

pengalaman dan:-- beliau hendaklah lulus peperiksaan yang ditetapkan dalam Bahagian I Jadual Pertama Akta Akauntan 1967; atau- beliau hendaklah merupakan seorang ahli persatuan akauntan yang ditetapkan dalam Bahagian II Jadual Pertama

Akta Akauntan 1967.


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Meeting and Minutes

Meetings shall be held not less than four times a year, and will normally be attended by the Chief Executive Officer,General Manager, Finance and other senior managers, if necessary. The presence of external and/or internal auditorswill be requested, if required. Other Board members and senior management members may attend meetings upon theinvitation of the Audit Committee. The auditors, both internal and external, may request a meeting if they consider thatone is necessary.

The Secretary to the Audit Committee shall be the Company Secretary. The Chairman of the Committee shall report oneach meeting to the Board.

Authority

The Committee is authorised by the Board to investigate any activity within its terms of reference and shall haveunrestricted access to any information pertaining to the Group, both the internal and external auditors and to all employeesof the Group. The Committee is also authorised by the Board to obtain external legal or other independent professionaladvice as necessary.

Duties

The duties of the Committee shall be:-

• To discuss with the external auditors, prior to the commencement of audit, the audit plan which states the natureand scope of audit;

• To review major audit findings arising from the interim and final external audits, the audit report and the assistancegiven by the Group’s officers to the external auditor;

• To review with the external auditor, his evaluation of the system of internal controls, his management letter andmanagement’s response;

• To review the following in respect of Internal Audit:-- adequacy of scope, functions and resources of the internal audit department and that it has the necessary

authority to carry out its work- internal audit programme- the major findings of internal audit investigations and management’s response, and ensure that appropriate

actions are taken on the recommendations of the internal audit function• To review the quarterly reporting to the KLSE and year end annual financial statements of the Group before submission

to the Board, focusing on:-- compliance with accounting standards and regulatory requirements- any changes in major accounting policies- significant and unusual events

• To review any related party transaction and conflict of interest situation that may arise within the Group includingany transaction, procedure or course of conduct that raises questions of management integrity;

• To consider the nomination and appointment of external auditor, as well as the audit fee;• To review any letter of resignation from the external auditors and any questions of resignation or dismissal;• To review whether there is reason (supported by grounds) to believe that the external auditor is not suitable for re-

appointment.



Mesyuarat dan Minit-Minit Mesyuarat

Jawatankuasa mesti mengadakan sekurang-kurangnya empat (4) mesyuarat setahun dan biasanya akan turut dihadirioleh Ketua Pegawai Eksekutif, Pengurus Besar Kewangan dan pengurus-pengurus kanan yang lain, jika diperlukan.Kehadiran Juruaudit Luaran dan / atau Dalaman akan diminta apabila perlu. Pengarah-pengarah yang lain dan pengurusankanan boleh turut sama menyertai mesyuarat, jika diundang. Di atas permintaan Juruaudit Luaran mahupun Dalaman,mesyuarat boleh diadakan jika adanya isu-isu untuk diketengahkan.

Setiausaha kepada Jawatankuasa Audit mestilah Setiausaha Syarikat. Pengerusi Jawatankuasa akan memberi laporansetiap mesyuarat kepada Lembaga Pengarah.

Kuasa

Jawatankuasa diberi hak oleh Lembaga Pengarah untuk menyiasat sebarang perkara dalam terma rujukannya danmempunyai akses sepenuhnya, bebas dan tanpa halangan kepada sebarang maklumat di dalam Kumpulan, baik yangberkaitan dengan juruaudit dalaman dan luaran, dan juga kakitangan Kumpulan. Jika diperlukan, Jawatankuasa dibenarkanuntuk mendapatkan nasihat guaman ataupun professional bebas yang lain.

Tanggungjawab

Tanggungjawab-tanggungjawab Jawatankuasa adalah seperti berikut:-

• Berbincang dengan juruaudit luaran, skop dan bidang audit sebelum sesuatu audit dilaksanakan;• Mengkaji keputusan-keputusan pengauditan yang penting, dari tinjauan interim dan keputusan pengauditan akhir,

laporan audit dan bantuan yang diberi oleh kakitangan Kumpulan;• Menyemak bersama-sama dengan juruaudit luaran, pandangan mereka terhadap sistem kawalan dalaman, surat

pengurusannya dan jawapan pengurusan;• Mengkaji perkara-perkara berikut yang berkaitan dengan Audit Dalaman:-

- ketepatan skop, fungsi dan sumber-sumber jabatan audit dalaman dan memastikan ia mempunyai kuasa yangmencukupi untuk melaksanakan tugas-tugasnya

- program audit dalaman- menyiasat jumpaan-jumpaan penting audit dalaman dan jawapan pengurusan, dan mengambil tindakan-tindakan

yang bersesuaian dengan cadangan fungsi audit dalaman.• Mengkaji semula penyata kewangan bagi suku tahunan dan akhir tahun kewangan sebelum diserahkan kepada

Lembaga Pengarah dan diumumkan kepada BSKL dengan memberi penekanan ke atas perkara-perkara berikut:-- pematuhan kepada piawaian-piawaian perakaunan dan lain-lain peruntukan undang-undang- sebarang penukaran penting dalam dasar-dasar perakaunan- peristiwa penting dan luar biasa

• Mengkaji sebarang urusniaga pihak berkaitan dan keadaan konflik kepentingan yang mungkin timbul dalam Kumpulantermasuk sebarang urusniaga, prosedur atau perjalanan tatacara yang menimbulkan persoalan berhubungkewibawaan pengurusan.

• Menimbangkan penamaan dan perlantikan juruaudit luaran, serta juga yuran audit;• Mengkaji surat perletakan jawatan dan sebarang persoalan yang timbul akibat perletakan jawatan atau pemberhentian

juruaudit luaran;• Mengkaji samada berasas (disokong oleh alasan) untuk mempercayai bahawa juruaudit luaran tidak sesuai untuk

perlantikan semula.


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INTRODUCTION

The Kuala Lumpur Stock Exchange (KLSE) Listing Requirements requires directors of listed companies to include astatement in annual reports on the state of their internal controls. The Board of Directors is committed to maintaining asound system of internal control in the Group and is pleased to provide the following statement which outlines thenature and scope of internal control of the Group during the financial year ended 31 December 2002.

BOARD RESPONSIBILITY

The Board is ultimately responsible for the Group’s system of internal controls and risk management, and for reviewingthe adequacy and integrity of those systems. Because of the inherent limitations in any system of internal control, thissystem is designed to manage, rather than eliminate, the risk of failure to achieve corporate objectives. Accordingly, thesystem can only provide reasonable but not absolute assurance against material misstatement or loss. The system ofinternal control covers, inter alia, risk management and financial, organizational, operational and compliance controls.

The Board confirms that there is an ongoing process for identifying, evaluating and managing significant risks faced bythe Group, and that this process is regularly reviewed by the Board. The Board and Audit Committee have delegatedthe implementation of the systems of internal control within an established framework throughout the Group to thesenior management comprised in the Executive Committee.

Associates, which the Company does not control, have not been dealt with as part of the Group for the purposes of thisinternal control assessment.

RISK MANAGEMENT FRAMEWORK

The Board had appointed an external consultant, Messrs KPMG, to assist in the performance of a business risk reviewand the establishment of a risk management framework in the Group. The formalisation of the risk managementframework involved the following initiatives which were taken during the financial year:-

• The Executive Committee, chaired by the Chief Executive Officer, is delegated with the responsibility to identifyand communicate to the Board of Directors the critical risks (present and potential) the Group faces, their changes,and the management action plans to manage the risks.

• The pilot risk assessment was conducted in the first quarter with the assistance of the external consultant througha combination of structured workshops and interviews with executive directors, managers and executives fromthe major business units in the Group. A database of all risks and controls has been created, and the informationfiltered to produce detailed risk registers and individual risk profiles for the major business units. Key risks to eachbusiness unit are identified and scored for likelihood of the risks occurring and the magnitude of impact.

The business units had carried out an update review of their risk registers, profiles and risk management proceduresin the fourth quarter.

• Risk assessment reports are submitted on a half yearly basis to the Executive Committee for evaluation beforebeing presented to the Audit Committee for consideration.


Penyata Mengenai Kawalan Dalaman

PENGENALAN

Peraturan Penyenaraian Bursa Saham Kuala Lumpur (BSKL) mengkehendaki para Pengarah syarikat-syarikat senaraianawam menyediakan satu laporan di dalam laporan tahunan berkenaan keadaan kawalan-kawalan dalaman. LembagaPengarah amat komited untuk memastikan wujudnya satu sistem kawalan dalaman Kumpulan yang berkesan.Bersama-sama ini dinyatakan laporan berkenaan keadaan dan skop kawalan dalaman Kumpulan bagi tahun kewanganyang berakhir pada 31 Disember 2002.

TANGGUNGJAWAB LEMBAGA PENGARAH

Lembaga Pengarah mempunyai tanggungjawab mutlak untuk memastikan serta mengkaji kecukupan dan kewibawaansistem kawalan dalaman dan pengurusan risiko Kumpulan. Memandangkan wujudnya had-had tertentu terhadapmana-mana sistem kawalan dalaman, sistem yang ada dibentuk untuk mengurus dan bukannya menghapuskan terusrisiko kegagalan dalam usaha untuk mencapai objektif-objektif korporat. Oleh kerana itu, sistem kawalan dalaman inihanya menyediakan jaminan yang berpatutan tetapi tidak mutlak daripada salah nyata yang ketara atau kerugian. Sistemkawalan dalaman merangkumi antaranya pengurusan risiko dan kewangan, organisasi, operasi dan kawalan-kawalanpematuhan.

Lembaga Pengarah mengesahkan bahawa wujudnya satu proses yang berterusan untuk mengenalpasti, menilai danmengurus risiko yang dihadapi oleh Kumpulan. Proses ini dari semasa ke semasa diteliti semula oleh Lembaga Pengarah.Lembaga Pengarah dan Jawatankuasa Audit telah mengamanahkan pelaksanaan sistem kawalan dalaman, denganrangka kerja yang menyeluruh di dalam Kumpulan kepada pengurusan kanan yang membentuk Jawatankuasa Eksekutif.

Sekutu-sekutu, yang mana Syarikat tidak mempunyai kawalan, tidak terlibat sebagai Kumpulan bagi maksud penilaiankawalan dalaman.

RANGKA KERJA PENGURUSAN RISIKO

Lembaga Pengarah telah melantik perunding luar, Tetuan KPMG untuk membantu dalam menilai risiko perniagaan danmembentuk satu rangka kerja pengurusan risiko di dalam Kumpulan. Pembentukan rangka kerja pengurusan risikomelibatkan inisiatif-inisiatif berikut yang dilaksanakan dalam tahun kewangan:-

• Jawatankuasa Eksekutif, yang dipengerusikan oleh Ketua Pegawai Eksekutif, mempunyai tanggungjawab untukmengenalpasti dan berkomunikasi dengan Lembaga Pengarah berkenaan risiko-risiko kritikal (semasa dan berpotensi)yang dihadapi oleh Kumpulan, perubahan-perubahan dan pelan-pelan tindakan pengurusan untuk mengurusrisiko- risiko tadi.

• Kajian pemula penilaian risiko telah dilaksanakan pada suku tahunan yang pertama dengan kerjasama perundingluaran melalui bengkel-bengkel dan secara temuduga dengan pengarah-pengarah eksekutif, para pengurus danpara eksekutif dari unit-unit perniagaan yang penting di dalam Kumpulan. Satu pangkalan data berkenaanrisiko-risiko berkaitan dan kawalan-kawalan telah diwujudkan. Maklumat-maklumat berkaitan telah ditapis untukmewujudkan satu daftar risiko yang terperinci dan profil-profil risiko invidivu bagi unit-unit perniagaan yang penting.Risiko-risiko utama bagi setiap unit-unit perniagaan dikenalpasti dan diberi tumpuan jika berlakunya semularisiko-risko berkenaan dan impak yang bakal dihadapi.

Unit-unit perniagaan telah melaksanakan penilaian semula terhadap daftar-daftar risiko, profil-profil danprosedur-prosedur pengurusan risiko dalam suku ke empat.

• Laporan-laporan penilaian risiko dihantar bagi setiap separuh tahun kepada Jawatankuasa Eksekutif untuk penilaiansebelum diserahkan kepada Jawatankuasa Audit untuk pertimbangan.


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INTERNAL AUDIT FUNCTION

The Group has appointed Messrs KPMG to provide internal audit services.

The internal audit function adopts a risk-based approach and prepares its audit strategy and plan based on the risk profilesof the major business units of the Group. Internal audit had developed a Management Assurance Plan (MAP), whichconsists of a two-year internal audit strategic plan and a detailed internal audit plan for financial year 2002. Field auditswere conducted in half yearly cycles based on the scope outlined in the MAP approved by the Audit Committee. Internalaudit reports on the audit findings together with recommendations for corrective actions were submitted on a half yearlybasis to the Audit Committee.

OTHER KEY ELEMENTS OF INTERNAL CONTROL

The other key elements of the Group’s internal control systems are described below:-

• Clearly defined delegation of responsibilities to committees of the Board and to management of Head Office andoperating units, including authorization levels for all aspects of the business.

• A detailed budgeting process where operating units prepare business plans and budgets for the coming yearwhich are approved at operating unit level and by the Board.

• Monthly monitoring of results against budget, with major variances and trends in key performance indicators beingfollowed up and management action taken, where necessary.

• Monthly reporting of operations and financial performance to the operating unit’s management and the ExecutiveCommittee. At the management and Executive Committee meetings held to review these reports, relevantoperational, financial and strategic issues are discussed and followed up by management.

• Quarterly reports on operations and financial performance are submitted to the Board in conjunction with thequarterly reports announced to the KLSE.

BOARD’S CONCLUSION

Based on the monitoring process set out above, the Board has reviewed the effectiveness of the system of internalcontrol in operation during the financial year. No significant control failings or weaknesses that would result in materiallosses and require disclosure in the Group’s annual report were identified during the financial year under review.Management continues to take measures to strengthen the control environment.


FUNGSI AUDIT DALAMAN

Kumpulan telah melantik Tetuan KPMG untuk memberikan perkhidmatan audit dalaman.

Fungsi audit dalaman mengambil pendekatan berasaskan risiko dan merangka pelan dan strategi audit berasaskanprofil-profil risiko berkaitan unit-unit perniagaan utama Kumpulan. Audit dalaman juga telah membentuk Pelan JaminanPengurusan (MAP) yang mengandungi rancangan 2 tahun bagi pelan strategik audit dalaman dan pelan terperinci auditdalaman bagi tahun kewangan 2002. Audit-audit lapangan akan dijalankan berdasarkan pusingan setengah tahun sepertiyang digariskan dalam MAP yang diluluskan oleh Jawatankuasa Audit. Laporan-laporan audit dalaman berkaitan denganjumpaan-jumpaan audit bersama-sama dengan cadangan-cadangan untuk tujuan tindakan-tindakan pembetulan akandihantar bagi setiap setengah tahun kepada Jawatankuasa Audit.

ELEMEN – ELEMEN PENTING LAIN BAGI KAWALAN DALAMAN

Elemen-elemen penting lain bagi kawalan dalaman Kumpulan adalah seperti yang digariskan di bawah ini:-

• Wujud satu garis pemisahan yang jelas berkenaan tanggungjawab-tanggungjawab jawatankuasa-jawatankuasaLembaga Pengarah, pengurusan Ibu Pejabat dan unit-unit operasi, termasuk had-had autoriti berkaitan segala aspekperniagaan.

• Proses penyediaan bajet di mana unit-unit operasi menyediakan pelan perniagaan dan bajet tahunan yang diluluskandi peringkat operasi unit dan Lembaga Pengarah.

• Pemantauan secara bulanan antara keputusan-keputusan dibandingkan dengan bajet, dengan perubahan-perubahanutama dalam petunjuk-petunjuk prestasi, yang mana tindakan susulan dan tindakan pengurusan di ambil, jika perlu.

• Laporan bulanan berkaitan prestasi operasi dan kewangan kepada pengurusan unit operasi dan JawatankuasaEksekutif. Di peringkat pengurusan dan Jawatankuasa Eksekutif pula, mesyuarat-mesyuarat akan dijalankan untukmenilai laporan-laporan tadi. Isu-isu operasi, kewangan dan strategik yang relevan akan dibincangkan dan tindakansusulan akan diambil oleh pengurusan.

• Laporan-laporan prestasi operasi dan kewangan akan disediakan bagi setiap suku tahunan untuk dikemukakan kepadaLembaga Pengarah seiringan dengan laporan-laporan suku tahunan yang dihebahkan ke BSKL.

KESIMPULAN LEMBAGA PENGARAH

Berasaskan proses-proses pemantauan yang digariskan di atas, Lembaga Pengarah telah menilai semula keberkesanansistem kawalan dalaman dalam tahun kewangan. Dalam tahun kewangan semasa, tiada apa-apa kelemahan ataupunkegagalan kawalan yang signifikan yang menyebabkan perlunya penghebahan di dalam laporan tahunan Kumpulan.Pengurusan akan terus mengambil langkah-langkah perlu untuk meningkatkan lagi persekitaran kawalan.

Penyata Mengenai Kawalan Dalaman


10 AprilTaliworks had on 10 April 2002 entered into an agreement(the Agreement) with the State Government of Kedah(State Government) and Yiked Holdings Sdn Bhd (YHSB),a nominee of the State Government, to enable YHSB andthe Company to form a joint venture company, to be knownas Air Kedah Sdn Bhd (the JVC), for the sole purpose ofundertaking the implementation of an integrated plan usingraw water from the State of Kedah for water supply to itsneighbouring states (the Project). The Project will involvethe development, construction, management and operationof separate water supply schemes.

Taliworks, pada 10 April 2002 telah memeterai perjanjian(Perjanjian) dengan Kerajaan Negeri Kedah (Kerajaan Negeri)dan Yiked Holdings Sdn Bhd (YHSB), penama KerajaanNegeri, untuk membolehkan YHSB dan Syarikatmembentuk satu syarikat usaha sama yang dikenali sebagaiAir Kedah Sdn Bhd (Syarikat Usaha Sama), bagi pelaksanaanpelan bersepadu menggunakan air mentah daripada NegeriKedah bagi bekalan air ke negeri-negeri jiran (Projek). Projekyang dimaksudkan akan melibatkan pembangunan,pembinaan, pengurusan dan operasi skim bekalan airberasingan.

13 JuneThe eleventh Annual General Meeting of Taliworks washeld at JW Marriott Hotel, Kuala Lumpur

Mesyuarat Agung kali ke sebelas Taliworks telah diadakandi Hotel JW Marriott, Kuala Lumpur.

Takwim Korporat Penting 2002

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22 MayOfficial date of incorporation of Air Kedah Sdn Bhd(580916-M) with an Authorised Share Capital ofRM100,000.00. Shareholders Shareholdings percentagesis as followings:-

Taliworks Corporation Berhad - 60%Yiked Holdings Sdn Bhd - 40%

Penubuhan Air Kedah Sdn Bhd (580916-M) secara rasmidengan Modal Saham Dibenarkan ialah sebanyakRM100,000.00. Peratusan Pemegangan Saham oleh parapemegang saham adalah seperti berikut:-

Taliworks Corporation Berhad - 60%Yiked Holdings Sdn Bhd - 40%

9 SeptemberDisposals 100% equity interests in Carpets InternationalMalaysia Manufacturing Sdn Bhd (CIMMSB) comprising12,299,000 ordinary shares of RM1.00 each, 99.99%equity interests in Carpets International Malaysia(Distribution) Sdn Bhd (CIMD) comprising 19,999 ordinaryshares of RM1.00 each, 51% equity interests in PeninsularCarpet Manufacturing Sdn Bhd (PCM) comprising 433,500ordinary shares of RM1.00 each together with its wholly-owned subsidiary, PCM Distribution Sdn Bhd (PCMD) toWSA Engineering Sdn Bhd (329318-W) for a total cashconsideration of RM6,500,000.00.

Melupuskan pegangan 100% ekuiti dalam CarpetsInternational Malaysia Manufacturing Sdn Bhd (CIMMSB)yang menglibatkan 12,299,000 saham-saham biasa padanilai RM1.00 sesaham, 99.99% pegangan ekuiti dalamCarpets International Malaysia (Distribution) Sdn Bhd(CIMD) yang menglibatkan 19,999 saham-saham biasapada nilai RM1.00 sesaham, 51% pegangan ekuiti dalamPeninsular Carpet Manufacturing Sdn Bhd (PCM) yangmenglibatkan 433,500 saham-saham biasa pada nilaiRM1.00 sesaham, bersama-sama dengan syarikat milikpenuhnya iaitu PCM Distribution Sdn Bhd (PCMD) kepadaWSA Engineering Sdn Bhd (329318-W) pada nilaipertimbangan RM6,500,000.00.


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Takwim Korporat Penting 2002

27 OctoberAir Kedah Sdn Bhd Proposed Water Treatment Plant Ground Breaking Ceremony under the Southern Kedah IntegratedWater Supply Scheme by YAB Dato’ Seri Syed Razak Syed Zain SSDK., KMN., BKM., JP., Menteri Besar Kedah DarulAman at Sungai Petani, Kedah Darul Aman.

Cadangan Pembinaan Loji Pembersihan Air di bawah Skim Bekalan Air Bersepadu Kedah Selatan, Air Kedah Sdn Bhdtelah dirasmikan oleh YAB Dato’ Seri Syed Razak Syed Zain SSDK., KMN., BKM., JP., Menteri Besar Kedah Darul Amandi Sungai Petani, Kedah Darul Aman.

14 DecemberLaunching of Air Kedah Sdn Bhd Proposed Northern KedahIntegrated Water Supply Scheme by YAB Dato’ Seri SyedRazak Syed Zain SSDK., KMN., BKM., JP., Menteri BesarKedah Darul Aman at Sekolah Menengah KebangsaanSanglang, Ayer Hitam, Kedah Darul Aman.

Pelancaran Cadangan Skim Bekalan Air Bersepadu KedahUtara, Air Kedah Sdn Bhd telah disempurnakan oleh YABDato’ Seri Syed Razak Syed Zain SSDK., KMN., BKM.,JP., Menteri Besar Kedah Darul Aman di SekolahMenengah Kebangsaan Sanglang, Ayer Hitam, KedahDarul Aman.


Program Kemasyarakatan Signifikan 2002

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14 MarchLaunching of Selangor Save Water Campaign 2002 toEducate Public on Water Conservation at Sungai SelangorPhase 1 Water Supply Scheme (SSP1) Water TreatmentPlant at Batang Berjuntai, Selangor. This event wasofficiated by Deputy Menteri Besar of Selangor, YB Dato’Dr Haji Zainal Abidin bin Ahmad. In conjunction with thelaunching, SSP1 also held an Open Day to educate publicon water conservation.

Kempen Penjimatan Air Negeri Selangor 2002 untukmemberi kesedaran kepada masyarakat berkenaanpenjimatan air telah dilancarkan dengan rasminya di LojiPembersihan Air Sungai Selangor Fasa 1 (SSP1), BatangBerjuntai, Selangor. Majlis ini telah disempurnakan olehTimbalan Menteri Besar Selangor, YB Dato’ Dr Haji ZainalAbidin bin Ahmad. Bersempena dengan pelancarankempen ini, SSP1 telah mengadakan Hari Terbuka untukmendidik masyarakat berkenaan cara-cara menjimatkan air.

1 April - 31 MayThe Group Yearly Sports / Family Carnival to foster betterrelationship and understanding among its employees.

Sukan/Hari Keluarga tahunan Kumpulan untukmeningkatkan hubungan baik dan persefahaman di antarapara pekerja.


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Program Kemasyarakatan Signifikan 2002

1 - 30 AugustTaliworks’ wholly owned subsidiary, SungaiHarmoni Sdn Bhd hosted Batang BerjuntaiSports Carnival 2002. The sports carnival washeld to foster better working relationship

among companies and government departments in Kuala Selangor. This is the biggestsports carnival ever held in Kuala Selangor District.

Anak syarikat milik penuh Taliworks, Sungai Harmoni Sdn Bhd menjadi tuan rumah bagiKarnival Sukan Batang Berjuntai 2002. Karnival Sukan ini diadakan untuk meningkatkan lagihubungan kerja di antara syarikat-syarikat dan jabatan-jabatan kerajaan yang beroperasi diKuala Selangor. Karnival sukan ini merupakan yang terbesar pernah dianjurkan di DaerahKuala Selangor.

28 NovemberFor the second year, Taliworks hosted a Ramadhanbreaking fast function for the orphanages of KampungBukit Badong and Kampung Jaya Setia, Batang Berjuntai,Selangor. Taliworks also extended donation to theorphanages. The event was officiated by YB Haji MohamedSayuti bin Said, Member of Parliament of Kuala Selangor.

Bagi tahun yang kedua, Taliworks menganjurkan programberbuka puasa dan sumbangan derma kepada anak - anakyatim di Kampung Bukit Badong dan Kampung JayaSetia, Batang Berjuntai, Selangor. Program ini telahdisempurnakan oleh YB Haji Mohamed Sayuti bin Said,Ahli Parlimen Kuala Selangor.

Documents

Statement on Corporate Governancelibapps2.nus.edu.sg/nus_hl/tali32002.pdf · Encik Sulaiman bin Salleh (appointed w.e.f 25 February 2002) Independent 4/4 ... Untuk memastikan Pengarah