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Masterskill Education Group Berhad / Annual Report 2012<br />
30<br />
STATEMENT ON<br />
CORPORATE GOVERNANCE (CoNT’D)<br />
SECTION 3: SHAREHOlDERS<br />
DIAlOGuE WITH INvESTORS<br />
Recognizing the importance of timely dissemination of information to shareholders and other stakeholders, the Board is committed<br />
to ensure that the shareholders and other stakeholders are well informed of all important issues and major developments of the<br />
Company and the information is communicated to them in the following manner:<br />
• Issuance of Annual Report;<br />
• Various disclosures and announcements made to Bursa Malaysia including the Quarterly Reports and Annual Audited Financial<br />
Statements;<br />
• Shareholders may obtain the Company’s latest announcements via the Bursa Malaysia’s website at www.bursamalaysia.com;<br />
• Reports, announcements, presentations also available for download at the Group’s investors’ relation website at www.megb.com.my;<br />
A Shareholders’ Communication Policy is available on the Company’s website at www.megb.com.my<br />
THE ANNuAl GENERAl mEETING (“AGm”)<br />
Notice of AGM which is contained in the Annual Report is sent out at least twenty one (21) days prior to the date of the AGM. There<br />
will be commentary by the Chairman at the AGM regarding the Company’s performance for each financial year and a brief review on<br />
current business conditions. At each AGM, a platform is available for shareholders to participate in the question and answer session.<br />
Extraordinary General Meetings are held when required.<br />
SECTION 4: ACCOuNTABIlITy AND AuDIT<br />
FINANCIAl REpORTING<br />
The Board is responsible to ensure that the quarterly results, annual audited financial statements are prepared are drawn up in<br />
accordance with the provisions of the Companies Act, 1965 (“the Act”), MMLR and Applicable Accounting Standards in Malaysia. In<br />
presenting the annual audited financial statements, the Company has used appropriate accounting policies, consistencies applied and<br />
supported by reasonable judgments and estimates.<br />
The quarterly results were reviewed by the Audit Committee and approved by the Board of Directors before being released to the<br />
Bursa Malaysia. By presenting the quarterly results and annual audited financial statements, the Company is mindful of the necessity to<br />
present a balanced assessment of the Group’s financial position. The details of the Company and the Group’s annual audited financial<br />
statements for the financial year ended 31 December 2012 can be found on pages 56 to 111 of the Annual Report.<br />
INTERNAl CONTROl<br />
The Board acknowledges its responsibility for maintaining a sound system of internal control to safeguard shareholders’ investments,<br />
the Company’s assets, and the need to review the adequacy and integrity of those systems regularly.<br />
Information on the Group’s risk management and internal control is presented in the Statement on Risk Management and Internal<br />
Control on page 35 to 36.<br />
The Company also has in place a Whistle Blowing Policy to provide an avenue for employees to report any breach or suspected breach<br />
of any law or regulation, including business principles and the Company’s policies and guidelines in a safe and confidential manner. A<br />
designated person is handling the matter and report directly to the Audit Committee of the Company.