28 / 142
Annual Report 2016
ASIA MEDIA GROUP Berhad
27
Corporate Governance Statement
(continued)
1.
ESTABLISH CLEAR ROLES AND RESPONSIBILITIES (CONT’D)
1.2. Clear Roles and Responsibilities of the Board (cont’d)
There are four (4) Board Committees namely the Nomination Committee, Remuneration
Committee, Audit Committee and the Option Committee setup up by the Board of Directors.
These Committees examine specific issues and report to the Board with their
recommendations. The ultimate responsibility for decision-making lies with the Board.
1.3. Ethical Standards and Code of Conduct
The Board has in place a Code of Conduct for the Directors and employees. The Code of
Conduct includes amongst others the respect for the individual, create a culture of open
and honest communication, set tone at the top, uphold the law, avoids conflicts of interest,
set metrics and reports results accurately.
The Board will be formalising a whistleblower policy to provide a safe mechanism for
whomever to come forward and raise any concerns about the actual or potential fraud or
breach of trust involving employees, Management and the Directors of the Group.
It allows the whistleblower the opportunity to raise concerns outside the Management line.
The identity of the whistleblower will be kept confidential and protection is accorded to the
whistleblower against any form of reprisal or retribution.
1.4. Strategies Promoting Sustainability
The Board promotes good corporate governance in the application of sustainability
practices throughout the Company, the benefits of which are believed to translate into
better corporate performance and its growing impact to the Group including emphasis in
the social and environment impact of its business operations.
Asia Media Group is committed to the continuous efforts in maintaining a delicate balance
between its sustainability agenda and the shareholders’ interest.
The details of the sustainability efforts are set out in the Corporate Sustainability Statement
in this Annual Report.