(i) Communication between the Company and its Investors and Other Stakeholders
The Annual Report is a vital source of information for shareholders, investors and the general public. Information on the Group’s business performance, financials and its management are disclosed in the Annual Report. The contents of the Annual Report are continuously enhanced to take into account the latest development in the area of corporate governance and regulatory requirements. The complete printed version of the Annual Report is sent to every shareholder. An online version of the Annual Report is also available on the Group’s corporate website.
Announcements to Bursa Securities
Announcements on quarterly financial results, circulars and other general announcements are made via Bursa LINK in full compliance with regulatory authorities’ disclosure requirements and is also made available on the Group’s corporate website.
The Board recognises the importance of keeping shareholders and investors informed of the Group’s business and corporate developments. The Board’s primary contact with major shareholders is via the Executive Director/Chief Executive Office and the Chairman, who have regular dialogue with institutional investors and deliver presentations to analysts periodically.
The objective is to provide updates on the Group’s financial performance, corporate developments as well as to discuss strategic matters and address issues that the institutional investors and analysts may have with respect to the business or operations of the Group.
The Corporate website for the Group can be accessed by the public at www.scicom-intl.com. It archives all corporate and financial information made to the public, such as the quarterly announcement of the financial results of the Group, announcements and disclosures made pursuant to the disclosure requirements as set out in Bursa Malaysia Main Market Listing Requirements and other corporate information on the Group.
The corporate information section is also on the website where information such as profile of Directors, Board Charter, Code of Conduct and Terms of Reference for ARMC and NRC are made available to the shareholders and public.
(ii) The Annual General Meeting and Communication with Stakeholders
The AGM is the principal forum for dialogue and communications, and also offers an opportunity for the Board and the SMT to interact with the shareholders. During the AGM, the Chairman, other Board members, SMT and Group’s external auditors are available to respond to any questions and queries as raised by the shareholders. Where appropriate, the Chairman will endeavour to provide the shareholders with written answers to any significant questions which cannot be readily answered during the AGM.
Shareholders are encouraged to participate in the proceedings and pose questions about the resolutions proposed and the Group’s business operations and to raise questions with regards to the Group as a whole as well as to discuss any other important matters with the Board. During the AGM there is a presentation by the Group CEO on the Group’s financial presentation. During the AGM the Chairman will invite shareholders to raise questions pertaining to the audited financials and other items.
The Annual Report also plays an important part in disseminating information related to the Group’s financial performance, and operations and activities throughout the financial year. In accordance with the MCCG guidelines the Company will be sending the Notice of Annual General Meeting Twenty Eight (28) days prior to the holding of next year’s Annual General Meeting.
Statement of Compliance with the Best Practices of the Code The Group is committed to achieving high standards of Corporate Governance throughout the Group and to the highest level of integrity and ethical standards in all its business dealings. The Board considers that it has complied throughout the financial year with the Best Practices as set out in the Code.
This Statement is made in accordance with the resolution adopted by the Board at its meeting held on 25 August 2017.