The Board Charter sets out the duties, responsibilities and functions of the Board of Directors ("the Board") of Tong Herr Resources Berhad ("Company) and adopts the principles of good corporate governance and practice in accordance with the applicable laws, rules and regulations in Malaysia.
The Board Charter was designed to achieve the following objectives:-
The Board comprise of Executive Directors and Independent Non-Executive Directors with various background of professionals and entrepreneurs, with a character, integrity, competence, mix of skills, and experience relevant to corporate, manufacturing, management, legal and financial activities.
The Board is responsible for the overall performance of the Group by setting the vision and objectives, including strategic direction, establishing goals for management and monitoring the achievement of these goals. The functions of the Board are to:-
The roles of the Chairman and Managing Director are strictly separated.
Proceedings of all meetings are minuted and signed by the Chairman of the meeting. Minutes of all Board meetings are circulated to Directors and approved by the Board at the subsequent meeting.
The Board will periodically review the Board Charter and make any changes to ensure it remains consistent with the Board's objectives and responsibilities.