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Corporate Governance Statement
The Board of Directors (“Board”) of SCC Holdings Bhd (“Group”) is committed to ensure that the highest standards of
corporate governance are practiced throughout the Group as a fundamental part of discharging its responsibilities to protect
and enhance shareholders’ value and the financial performance of the Group.
The Board is fully committed in ensuring that the Group adopts, so far as it is practicable, the principles and recommendations
set out in the Malaysia Code of Corporate Governance 2012 (“MCCG 2012”). The Board supports the 8 principles and 26
recommendations as stated in the MCCG 2012.
The Board is pleased to report below on the extent to which the principles and best practices of the MCCG 2012 were applied
throughout the financial year ended (“FYE”) 31 December 2013.
Principle 1 - Establish Clear Roles and Responsibilities
1.1 Clear Functions of the Board and Management
The Group is led by an experienced Board, comprising one (1) Executive Chairman, one (1) Managing Director, three (3)
Executive Directors and three (3) Independent Non-Executive Directors.
The Board is responsible for the overall corporate governance of the Group, including its strategic direction, establishing
goals for management and monitoring the achievement of these goals. The Board is responsible for the overall
management of the Group.
The roles of the Executive Chairman, the Managing Director, the Executive Directors and the Independent Non-Executive
Directors are separated and each has a clearly accepted division of responsibilities to ensure a balance of power and
authority.
Management is primarily responsible to implement strategic direction set by the Board and to monitor the operations
of the Group.
1.2 Board Duties and Responsibilities
The Board’s roles and responsibilities are as the following:
a.
Oversee and set the strategic direction of the Group and to ensure the company operates efficiently and sustains
continuous growth.
b.
Overseeing the conduct of the Group’s business to ensure business is properly managed in conformity with
ethical values, integrity, fairness, trust and high performance.
c.
Identify the business risks and establish an appropriate system to reduce and minimize the risks that affects the
performance of the Group and the interest of the stakeholders.
d.
Ensuring the appropriate succession plan is in place including the appointment and training of and where
appropriate for the Board, Managing Director and the Management of the Group.
e.
Developing and implementing an investor relations programme that creates better communication between the
Group and shareholders as well as other stakeholders.
f.
Reviewing the adequacy and the integrity of the Company’s internal control system and information system,
including system for compliance with applicable laws, regulations, rules, directives and guidelines.
SCC HOLDINGS BERHAD
(511477-A)
