Ni Hsin Berhad Annual Report 2017

Ni Hsin Resources Berhad (653353-W) Annual Report 2017 18 The Board of Directors (“the Board”) of Ni Hsin Resources Berhad (“NHR” or “the Company”) is pleased to present its statement on corporate governance (“CG”) practices of the Company during the financial year 2017. The Board in leading the Company in its CG practices is guided by the principles as set out in the Malaysian Code on Corporate Governance (“MCCG”). This statement is prepared in compliance with Paragraph 15.25(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”) and guided by Practice Note 9 of the MMLR and the Corporate Governance Guide (3rd edition) issued by Bursa Malaysia Berhad. This Corporate Governance Overview Statement should also be read together with the CG Report 2017 of the Company (“CG Report”) which is available on NHR website: www.ni-hsin.com as well as via an announcement on the website of Bursa Malaysia Securities Berhad and in conjunction with the other statements in the Annual Report (e.g. Statement on Risk Management and Internal Control, Audit and Risk Management Committee (“ARMC”) Report and Corporate Sustainability Statement) as the application of certain governance enumerations may be more evidently expressed in the context of the respective statement. The CG Report provides the details on how the Company has applied each Practice as set out in the MCCG during the financial year 2017. PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS 1 Board Responsibilities The Group is headed by an experienced and effective Board. The Board assumes overall responsibility in leading the strategic direction, future expansion, corporate governance, risk management, human resource planning and development, investments made by the Company and overseeing the proper conduct of business of the Group. In discharging its duties, the Board delegates certain of its responsibilities to the Board Committees, namely ARMC, Nomination Committee (“NC”) and Remuneration Committee (“RC”) which operate within defined Terms of Reference. The Chairman of the respective Board Committees report to the Board on key matters deliberated at the respective Board Committee meetings and makes recommendations to the Board for final decision, where necessary. The breakdown of the Directors’ attendance at the Board and Board Committees meetings during the financial year is set out below:- Name Board ARMC NC RC Sofiyan Bin Yahya (a) Independent Non-Executive Chairman N/A N/A N/A N/A Chen Shien Yee (b) Managing Director 4/4 - - - Rizvi Bin Abdul Halim Executive Director 5/5 5/5 2/2 1/1 Ng Shwu Ching Executive Director 5/5 - - - Datin Ida Suzaini Binti Abdullah Non-Independent Non-Executive Director 5/5 - - - Datuk Tan Choon Hwa Independent Non-Executive Director 3/5 - - - Md Nazir Bin Md Kassim (c) Independent Non-Executive Director 0/1 0/1 N/A N/A Leow Chan Khiang Independent Non-Executive Director 5/5 5/5 2/2 1/1 Rithauddin Hussein Jamalatiff Bin Jamaluddin (d) Independent Non-Executive Director 4/4 4/4 2/2 1/1 Remarks: a Appointed on 22 November 2017 c Resigned on 1 March 2017 b Demised on 4 October 2017 d Appointed on 1 March 2017 Corporate Governance Overview Statement