CORPORATE GOVERNANCE OVERVIEW STATEMENT/DIRECTORS’ RESPONSIBILITY STATEMENT Cont’d PRINCIPLE C: INTEGRITY IN CORPORATE REPORTING AND MEANINGFUL RELATIONSHIP WITH STAKEHOLDERS cont’d II. Conduct of General Meetings cont’d During the 6th AGM, the Group CEO presented to shareholders on various topics, including the Group’s FYE 2021 financial and business performance. All the questions raised by the Minority Shareholder Watch Group (“MSWG”) and shareholders prior to and during the meeting as well as the Group’s response to the same were shared with the shareholders during the virtual 6th AGM. Subsequent to the 6th AGM, these Questions and Answers were published on the Company’s corporate website. The Board encourages shareholders’ active participation at the Company’s AGM and endeavours to ensure all Board members, the Company’s Key Operating Management and the Company’s External Auditors are in attendance to respond to shareholders’ queries. Where it is not possible to provide immediate answers to shareholders’ queries, the Board will undertake to provide the answers after the AGM. All the Directors were in attendance during the 6th AGM via remote participation with other participants including External Auditors. In compliance with the MMLR, all resolutions set out in the Notice of the 6th AGM were voted by poll via RPV facilities. The Company also appointed an independent scrutineer to validate the votes cast before the poll results is announced by the Chairman of the meeting. The minutes of the 6th AGM detailing the meeting proceedings, including issues and concerns raised by MSWG and shareholders together with the responses from the Company, was published on the Company’s corporate website within 30 business days after the conclusion of the 6th AGM. FOCUS AREAS ON CORPORATE GOVERNANCE The Board shall continue to strive for high standards of corporate governance throughout the Group. The Board takes cognisance of the amendments to the MMLR in relation to the Enhanced Sustainability Reporting Framework and will work towards complying with the sustainability disclosures within the implementation dates. The Board is responsible for ensuring that the financial statements of the Group are drawn up in accordance with the applicable Financial Reporting Standards in Malaysia and the requirements of the Companies Act 2016. The Board is also responsible for ensuring that the annual audited financial statements of the Group are prepared with reasonable accuracy from the accounting records of the Group to give a true and fair view of the financial position of the Group as of 31 December 2022 and of their financial performance and cash flows for the year. In preparing the financial statements, the Directors are satisfied that the Group has selected and consistently applied suitable accounting policies and made reasonable and prudent judgements and estimates. The Board is of the opinion that the financial statements have been prepared in accordance with all relevant approved financial reporting standards and have been prepared on a going concern basis. DIRECTORS' RESPONSIBILITY STATEMENT In respect of the preparation of the Audited Financial Statements PRESS METAL ALUMINIUM HOLDINGS BERHAD 63
RkJQdWJsaXNoZXIy NDgzMzc=