Eng Kah Corporation Berhad (the “Company”) has adopted the Directors’ Fit and Proper Policy (the “Policy”) concerning ascertaining the fit and proper criteria of Directors for the appointment and re-election of Directors of the Company and its subsidiaries.
2.1 This Policy aims to provide guidance to the Nomination Committee and Remuneration Committee in assessing and review of potential candidates for the appointment and re-election of Directors on the Boards of the Company and its subsidiaries.
2.2 To ensure that each of the directors has the character, experience, integrity, competence and time to effectively discharge his/her role as a director of the Company and its subsidiaries.
2.3 This Policy set out the fit and proper criteria for the appointment and re-election of Directors of the Company and its subsidiaries.
3.1 Character and Integrity
3.1.2 Personal Integrity
3.1.3 Financial Integrity
3.2 Experience and competence
3.2.1 Qualifications, training and skills
3.2.2 Relevant experience and expertise
3.2.3 Relevant past performance or track record
3.3 Time and commitment
3.3.1 Ability to discharge role having regard to other commitments
3.3.2 Participation and contribution to the board or track record
4.1 Nomination Committee and Remuneration Committee shall be directly responsible for conducting reviews and assessments on the fitness and propriety of directors and recommend to the Board.
4.2 The Board shall make final decisions on appointments.
5.1 The Fit and Proper Criteria should be assessed by the Nominating Committee and Board both prior to initial appointments and at regular intervals annually.
5.2 The Fit and Proper assessments should be incorporated into the director’s annual assessment.
5.3 The information gathered from the assessments is part of the Company’s internal documents and shall not be disclosed or provided to any other party.
The nomination and election process of directors including the application of the Company’s fit and proper policy as a factor in determining the board’s decision to appoint or re-elect a director are disclosed in Annual Report.
This Policy shall be reviewed annually by the Nomination Committee and is available on the Company’s website.
Adopted by Board on 25th May 2022