Page 67 - KPJ_2011

Other than the website, the Group continues to produce and
enhance its Annual Report, Corporate Brochures and Fact
Sheets to provide sufficient details to the shareholders and
stakeholders. Other than that, the Group also makes regular
announcements on Bursa Malaysia to provide stakeholders
with important information which affects their decision
making, thus enhancing the level of transparency.
As part of the Group’s annual activities the Group
conducted meetings, teleconferencing and briefings
either upon request by the shareholders and investors or
via events organized by corporate analysts in Malaysia
and abroad i.e. Singapore, Hong Kong, France, United
Kingdom and United States.
In the year 2011, the following activities were conducted
with the investors:
Types of Meeting No of meetings
Investors meetings
Conference Calls
Foreign road shows
42
5
17
Senior management personnel involved in Investor
Relations activities are:
Designation
Datin Paduka Siti Sa’diah Sheikh Bakir
Managing Director
Amiruddin Abdul Satar
Executive Director and Chief Operating Officer
Mohd Sahir Rahmat
Chief Financial Officer
Norhaizam Mohammad
Senior General Manager - Group Finance and
Investor Relations
Maria Khong Poh Fong
Senior Corporate Manager - Investor Relations
Other than that, the Board believes that the Company’s
Annual Report also serves as an important communication
tool to the shareholders, investors and all stakeholders in
general. As such, each year, the Company strives to produce
a value-added and transparent reporting to its readers.
Accountability And Audit
Financial Reporting
In presenting the annual financial statements and quarterly
announcements to shareholders, the Board aims to present
a balanced and understandable assessment of the Group’s
position and prospects. This also applies to other price-
sensitive public reports and reports to regulators. Timely
release of announcements reflects the Board’s commitment
to provide transparent information on the Group’s
performances and activities.
In preparation of the financial statements, the Directors
have taken the necessary steps to ensure that the Group
had complied with all applicable Financial Reporting
Standards, provisions of the Companies Act 1965 and
relevant provision of laws and regulations in Malaysia
and the respective countries in which the subsidiaries
operate, consistently and that the policies are supported
by reasonable and prudent judgment and estimates.
The Audit Committee assists the Board in ensuring both
annual financial statements and quarterly announcements
are accurate and the preparation is consistent with the
accounting policies adopted by the Group. The quarterly
reports, prior to tabling to the Board for approval, will be
reviewed and approved by the Audit Committee.
Statement of Directors Responsibility for Preparing the
Financial Statements
The Directors are required by Companies Act 1965 to
prepare financial statements for each financial year which
have been made in accordance with the applicable
approved accounting standards and give a true and fair
view of the state of affairs of the Group and the Company
at the end of the financial year and of the results and cash
flows of the Group and Company for the financial year.
In preparing the financial statements, the Directors have
adopted suitable accounting policies and applied them
consistently, made judgement and estimates that are
reasonable and prudent and prepared financial statements
on the going concern basis as the Directors have a
reasonable expectation, having made enquiries that
the Group and Company have resources to continue in
operational existence for the foreseeable future.
The Directors have overall responsibilities for taking such
steps necessary to safeguard the assets of the Group and
to prevent and detect fraud and other irregularities.
The Statement by Directors pursuant to Section 169 of the
Companies Act 1965 is set out in the financial statements.
Norhaizam giving a presentation on KPJ during Malaysia GEMS 2011
in Singapore
ANNUAL REPORT 2011 62