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Asia Media Group Berhad
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Annual Report 2015
CORPORATE GOVERNANCE
STATEMENT
Asia Media Group Berhad (“AMEDIA” or “the Company”) and its group of companies (“Asia Media
Group” or “the Group”) practice high standards of corporate governance and operate within a
governance framework that is formulated based on the recommendations of the Malaysian Code on
Corporate Governance 2012 (“the Code”) issued by the Securities Commission of Malaysia.
The Board believes that maintaining such level of corporate governance with the concepts of integrity,
transparency, accountability and professionalism, is a fundamental part of its responsibilities in
managing the business and affairs of BPI Group and discharging its responsibilities to the Shareholders.
The disclosure statement below sets out the manner which the Company has applied the principles
of the Code and the extent of compliance with Best Practices advocated therein pursuant to the Main
Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) throughout
the twelve months ended 31 December 2015.
1.
ESTABLISH CLEAR ROLES AND RESPONSIBILITIES
1.1. Clear functions of the Board and Management
The Group recognizes the importance of having an effective and dynamic Board to lead
and control Asia Media Group in enhancing long term shareholder value and the interests
of other stakeholders. To that end, Asia Media Group maintains its current mix of Board
Members who have a wealth of experience, skills and expertise in areas relevant to steering
Asia Media Group’s businesses to the next level.
The Executive Director’s duties include the implementation of the Board’s decisions and
policies, overseeing the operations and also coordinating business and strategic decisions.
The Non-Executive Directors provide effective and independent judgement and constructive
opinions to the deliberation and decision-making of the Board thereby fulfill a crucial role
in corporate accountability.
There is a division of responsibility at the control of the Board to ensure an appropriate
balance of power and authority, with greater ability to make independent decision. The Board
is chaired by the Non-Executive Chairman who is responsible for effective and efficient
functioning of the Board and ensuring that all Directors receive relevant information on all
matters to enable them to participate actively in the Board’s decisions. He always provides
constructive and pertinent advice to Board’s matters.