Tropicana Corporation Berhad Annual Report 2019

(iii) Pricing Committee The Pricing Committee shall comprise not fewer than five (5) members, majority of whom shall be Executive Directors and a minimum of two (2) Non-Executive Directors. As at the date of this Statement, the composition of the Pricing Committee is as follows:- Name Position Designation Encik Mohd Najib Bin Abdul Aziz Chairman Independent Non-Executive Director Mr Dion Tan Yong Chien Member Group Managing Director Mr Yeow Wai Siaw Member Group CEO Datuk Wira Lye Ek Seang Member Independent Non-Executive Director Madam Alice Dora Bouche r (Appointed w.e.f. 10.06.2020) Member Independent Non-Executive Director Dato’ Dickson Tan Yong Loong (Resigned w.e.f. 10.06.2020) Member Deputy Group CEO The principal objective of the Pricing Committee is to approve the minimum/net selling prices of the new launches of properties to be developed by the Group to ensure that the prices set are market driven. (iv) Investment Committee The Investment Committee shall comprise not fewer than five (5) members, with at least two (2) Independent Non-Executive Directors. As at the date of this Statement, the composition of the Investment Committee is as follows:- Name Position Designation Datuk Michael Tang Vee Mun Chairman Independent Non-Executive Director Tan Sri Dr Lim Wee Chai Member Non-Independent Non-Executive Director Mr Dion Tan Yong Chien Member Group Managing Director Encik Hafez Mohd Hashim Bin Razman Md Hashim Member Independent Non-Executive Director Mr Yeow Wai Siaw Member Group CEO Madam Alice Dora Boucher (Appointed w.e.f. 10.06.2020) Member Independent Non-Executive Director Dato’ Dickson Tan Yong Loong (Resigned w.e.f. 10.06.2020) Member Deputy Group CEO The principal objectives of the Investment Committee are to enhance the shareholders’ value and to protect the stakeholders’ interests and to ensure the continued growth and success of the Company. The Investment Committee reviews the proposed transactions or proposed investments with a view to strategically allocate the Group’s financial resources efficiently and to eliminate or minimise the risk of oversight in investment decisions. V. Board Meeting and Meetings Attendance The Board meets at least once every quarter on a scheduled basis and additional meetings will be convened as and when deemed necessary by the Board. The quarterly Board meetings are scheduled in advance at the commencement of the financial year to allow the Directors to plan their appointments ahead and to facilitate full attendance at Board meetings. All proceedings, deliberations and conclusions of Board meetings are minuted by the Company Secretary and are confirmed by the Board members at the next Board meeting and subsequently signed by the Chairman as the correct record of proceedings of the meeting, or signed by the Chairman of the meeting at which the proceedings were held. A total of seven (7) Board meetings were held during FY2019 and the attendance of each Board member is set out as below:- Director Designation Attendance of Board Meetings Tan Sri Dr Lim Wee Chai * Non-Independent Non-Executive Chairman 7/7 Tan Sri Dato’ Tan Chee Sing (Appointed on 24.01.2019) Group Executive Vice Chairman 7/7 Mr Yeow Wai Siaw Group CEO 7/7 Dato’ Dickson Tan Yong Loong Deputy Group CEO 5/7 Mr Dion Tan Yong Chien Group Managing Director 7/7 Datuk Michael Tang Vee Mun Independent Non-Executive Director 6/7 Encik Mohd Najib Bin Abdul Aziz Independent Non-Executive Director 7/7 Encik Hafez Mohd Hashim Bin Razman Md Hashim Independent Non-Executive Director 7/7 Mr Loh Chen Peng Independent Non-Executive Director 7/7 Datuk Wira Lye Ek Seang Independent Non-Executive Director 6/7 Madam Alice Dora Boucher (Appointed on 26.02.2019) Independent Non-Executive Director 5/6 Note: * Re-designated from Non-Independent Non-Executive Deputy Chairman to Non-Independent Non-Executive Chairman on 24 January 2019. Corporate Governance Overview Statement Tropicana Corporation Berhad Annual Report 2019 pg 88 About Tropicana Our Strategic Performance Our Leadership