Maxis Berhad
Annual Report 2015
page
56
List of Corporate Governance Documents Available on Maxis’ Website:
1.
Board Charter
2. Term of Reference of the Audit Committee
3. Terms of Reference of the Nomination Committee
4. Terms of Reference of the Remuneration Committee
5. Code of Business Practice
6. Memorandum and Articles of Association
Code Compliance Checklist
Summary of Principles / Recommendation
Status of
Compliance
(Yes / No)
Pages
of CG
Statement
1
Establish Clear Roles and Responsibilities
1.1 Establish clear functions reserved for the Board and those delegated to Management
Yes
44, 45
1.2 Establish clear roles and responsibilities in discharging its fiduciary and leadership functions.
Responsibilities
• Reviewing and adopting a strategic plan for the Company
44
• Overseeing the conduct of the Company’s business
• Identifying principal risks and ensuring the implementation of appropriate internal controls and
mitigation measures
Yes
• Succession planning
• Overseeing the development and implementation of a shareholder communications policy for
the Company
Yes
• Reviewing the adequacy and the integrity of the Management information and internal controls
system of the Company
Yes
1.3 Formalise ethical standards through a code of conduct; ensure compliance and make available on
corporate website
Yes
45
1.4 Ensure that the Company’s strategies promote sustainability and disclose in the annual report and
corporate website
Yes
45
1.5 Procedures to allow Board members access to information and advice
Yes
45, 46
1.6 Supported by a suitably qualified and competent Company Secretary
Yes
47
1.7 Formalise, periodically review and make public its Board Charter
Yes
47
2
Strengthen Composition
2.1 Establish a Nomination Committee comprising exclusively of Non-Executive Directors, a majority of
whom must be independent
Yes
49
2.2 Nomination Committee should develop, maintain and review the criteria to be used in the recruitment
process and annual assessment of Directors
Yes
49
2.3 Establish formal and transparent remuneration policies and procedures to attract and retain Directors
Yes
49, 50
Corporate Governance
