Frontken Berhad Annual Report 2017

25 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2017 Corporate Governance Overview Statement (cont’d) PRINCIPLE A – BOARD LEADERSHIP AND EFFECTIVENESS (cont’d) I. Board Responsibilities (cont’d) Continuous Professional Development (cont’d) All Directors have completed the Mandatory Accreditation Programme as required by the Listing Requirements of Bursa. During the financial year under review, the trainings attended by the Directors included briefings, seminars, workshops and conferences conducted by the relevant regulatory authorities and professional bodies. Details of the training programmes attended/ participated by the Directors are as follows: Directors Training/Seminar/Conference/Workshop Ng Wai Pin • Integrated Reporting - Creating value by implementing it for your business • SEMICON Taiwan 2017 Dr Tay Kiang Meng • SEMICON Taiwan 2017 • Lam Research technical conference Dato’ Haji Johar bin Murat @ Murad • The CG Breakfast Series for Directors - Leading Change @ The Brain Aaron Sim Kwee Lein • Have you complied with the Companies Act 2016? - Major revamps and Regulation updates with Guide on practical compliance procedures • Cost of Capital and Discounts & Premiums Dr Jorg Helmut Holnloser • Trade fairs for power management and environmental technology; energy production, distribution and storage; building and industrial applications; power and electronics technology II. Board Composition The Board currently consists of five (5) members, comprising two (2) Executive Directors and three (3) Independent Non-Executive Directors. The Board composition exceeds the recommendation of Practice 4.1 of the MCCG which states that at least half the Board is to comprise Independent Non-Executive Directors as well as the requirements as set out in the Main Market Listing Requirements (“Listing Requirements”) of Bursa Malaysia Securities Berhad (“Bursa”), which stipulate that at least two (2) Directors or one-third (1/3) of the Board, whichever is higher, must be independent. The Independent Non-Executive Directors provide the necessary check and balances in the Board’s exercise of their functions by facilitating an independent evaluation of the Board’s decisions and decision-making process. The Executive Directors are complemented by the experience and independent views of the Independent Non- Executive Directors who are professionals in the field of finance, accounting, administration, strategic management, and research and development. The Board members possess a fair range of business, finance, administration, research and development, and legal experience. The mix skills and experience are vital in directing and supervising the Group’s overall business activities in light of the increasing challenging economic and operating environment in which the Group operates. The profile of each Director is set out on pages 14 to 16 of the Company’s 2017 Annual Report. The Nomination Committee (“NC”) is entrusted to assess the adequacy and appropriateness of the Board composition, identifying and recommending suitable candidates for Board membership and also to assess annually the performance of the Directors, succession plans and Board diversity, including gender, age and ethnicity diversity, training courses for Directors and other qualities of the Board including core-competencies which the Independent Non-Executive Directors should bring to the Board. The Board has the ultimate responsibility of decision making on the appointment. This process ensures that the Board membership accurately reflects the long-term strategic direction and needs of the Company and determine the skill matrix to support the strategic direction and needs of the Company.