Eng - IOI Group

Board Composition and Balance cont’dBesides, there is balance in the Board with the presence of independent directors who are individuals of credibility andrepute and who demonstrate objectivity and robust independence of judgement.Other than the three independent directors, the Board is not comprised of representative from shareholder other than asignificant shareholder (i.e., Progressive Holdings Sdn Bhd) as the other major shareholders are mainly institutional fundsthat individually hold less than 10% shareholding in the Company.The Board has identified Datuk Hj Mohd Khalil b Dato’ Hj Mohd Noor as the Senior Independent Non-Executive Directorof the Board to whom concerns (of shareholders, management or others) may be conveyed.Board MeetingsThe Board has at least five regularly scheduled meetings annually, with additional meetings for particular mattersconvened as and when necessary. Board meetings bring an independent judgement to bear on issues of strategy,performance, resources and standards of conduct.9 Board meetings were held during the financial year ended 30 June 2003. The attendance record of each Director sincethe last financial year is as follows:Total Numberof MeetingsNumber ofMeetings AttendedExecutive DirectorsTan Sri Dato’ Lee Shin Cheng 9 8Dato’ Lee Yeow Chor 9 8Dato’ Yeo How 9 9Lee Cheng Leang 9 9Non-executive DirectorsDatuk Hj Mohd Khalil b Dato’ Hj Mohd Noor 9 9Chan Fong Ann 9 9Datuk Khalid b Hj Husin 9 881IOI Corporation BerhadAnnual Report 2003