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Back26 Feb 2018
Type Announcement
Subject OTHERS
Description

Internal re-organisation of the Board and Board Committees' Structure in line with the practices in the Malaysian Code of Corporate Governance 2017 ("MCCG 2017")

The Board of Directors ("BOD") of QL Resources Berhad ("QLR") wishes to announce that the existing Board and Board Committees' composition has been re-organised to comply  with the practices in the MCCG2017 in respect of Board Responsibilities, Board Composition and Strengthening Composition. The re-organisation are as follows:-

No. 

Name

Directorate 

Existing Position

New Position 

Nature of Change 

1.

YM Tengku Dato' Zainal Rashid bin Tengku Mahmood

Independent Non-Executive Director

Chairman of the BOD, Audit Committee ("AC"), Nominating Committee ("NC") and Remuneration Committee ("RC")

-

Retirement 

2.

Chieng Ing Huong

Senior Independent Non-Executive Director

Member of the BOD

Member of the BOD

No change

Member of the BOD, AC, NC and RC.

Chairman of the AC, NC and RC

Re-designation

3.

Chia Song Kun

Executive Director

Group Managing Director.

Executive Chairman of the BOD. 

Re-designation

Member of the RC.

-

Resignation

4.

Chia Song Kooi

Executive Director

Deputy Group Managing Director. 

Group Managing Director. 

Re-designation

5.

Chia Seong Pow

Executive Director

Member of the BOD.

Alternate Director to Chia Seong Fatt

Resignation and appointment

6.

Chia Song Swa

Executive Director

Member of the BOD.

Alternate Director to Chia Mak Hooi

Resignation and appointment

7.

Chia Lik Khai

Executive Director

Member of the BOD.

Alternate Director to Cheah Juw Teck

Resignation and appointment

8.

Kow Poh Gek*

Independent Non-Executive Director

-

Member of the BOD, AC and Risk Management Committee.

Appointment

9.

Chan Wai Yen*

Independent Non-Executive Director

-

Member of the BOD.

Appointment

10.

Cynthia Toh Mei Lee*

Independent Non-Executive Director

-

Member of the BOD.

Appointment

*Female 

The abovementioned re-organisation will take effect on 1 April 2018. During the transition period, all the Directors named in 1 to 7 will hold their existing position until 31 March 2018.

After the said re-organisation has been effected, the number of Independent Non-Executive Directors are 6 (4 of which are women) whereas the number of Executive Directors are 5. Hence, the Independent Non-Executive Directors represents about 54.5% whereas the women directors represent about 36.4% of the total BOD members.  

This announcement is dated 26 February 2018.

 




Announcement Info

Company Name QL RESOURCES BERHAD
Stock Name QL
Date Announced 26 Feb 2018
Category General Announcement for PLC
Reference Number GA1-14022018-00043