Board Policy

Introduction

The Board of Directors ("Board") of Zelan Berhad (“Zelan” or “Company”) regards corporate governance as one of the essential elements to sustain business growth of Zelan and its subsidiary companies (“Zelan Group” or “Group”).

Over the years, Zelan Group has continued to integrate good and effective corporate governance practices in directing and managing the overall business of the Group, in compliance with the Malaysian Code of Corporate Governance ("Code"). The Board is determined and committed towards ensuring maximum shareholders’ value and enhancing investors’ interest in line with the application of the principles of the Code.

Purpose

The Board Policy Manual acts as a source of reference and guideline to the Board for matters relating to the Board's organization, responsibilities and procedures, etc. It is not intended to replace or supersede the laws or other regulatory requirements of Malaysia.

Board Leadership

There are two (2) primary responsibilities, namely the running of the Board and the executive responsibility for the running of the Company's business. There should be a clear division of responsibilities between the Chairman and the Managing Director/Executive Director to ensure a check and balance of power and authority, so that no one individual has unfettered powers of decision making.

The Board should provide leadership and vision to the Company in a way that will not only enhance shareholders' value but also ensure long-term sustainable development and growth of the Company.

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