Annual Report 2016
21
Chairman’s Statement
(Cont’d.)
Corporate Governance
The cornerstones of QL business are integrity and doing business the ethical way.
These two values have seen QL grown from strength to strength in the last 29 years
of being in business. As we approach our 30th anniversary, QL is even more cognisant
than before of the need to be accountable and uncompromising in our approach. The
trust earned over the years is an asset that is invaluable and we will continue to uphold
the pursuit of prudence, stringent monitoring and control of our business practices
across all divisions and subsidiaries.
To assist QL in upholding the highest standards in business processes and practices,
I am very pleased to welcome a new board member, Professor Datin Paduka Dr. Aini
Ideris, a renowned scientist with vast knowledge and experience in research related
to poultry diseases and development of poultry vaccines. The research by Professor
Datin Paduka Dr. Aini, who is currently the Vice-Chancellor of Universiti Putra
Malaysia, has led to the commercialisation of the ‘Newcastle’ vaccine in 1995 and
‘fowl pox’ culture tissues in 1996. Topping her innumerable achievements and the
many feathers in her cap is her induction as an inaugural member of the World
Veterinary Poultry Association’s Hall of Honour. Read more about her on page 18.
The appointment of Professor Datin Paduka Dr. Aini improves QL’s Board diversity
and I believe her experience and credentials will be unrivalled contribution to QL’s
business.
Our corporate governance statement and reports are on pages 35 to 47.
Appreciation
I have been privileged to journey with QL throughout its public listed story and I am
well aware that it is the foresight and hard work of the directors, management and
employees of the group that have enabled a report of positive performance throughout
the years. My commendation goes to the QL team for their commitment and relentless
efforts.
My appreciation goes out to all loyal shareholders and stakeholders for their
unwavering belief in QL, and the directors and management to drive the group to the
next level of growth, and also to all customers who have continued to put their trust in
the QL brand.
Looking forward, I am confident that QL will continue to maintain our market position
as the leading egg producer and surimi manufacturer in Asia as we build a presence
in the sustainable palm oil sector. We are cautiously optimistic of maintaining our
record of uninterrupted earnings growth since inception despite the anticipated
challenging market situation and uncertainties surrounding the aftermath of the United
Kingdom referendum to exit from European Union or ‘Brexit’.
YM TENGKU DATO’ ZAINAL RASHID BIN TENGKU MAHMOOD
CHAIRMAN
