Board Charter

Board of Directors

Tan Sri Datuk Dr. Haji Omar Bin Abdul Rahman
Chairman / Independent Non-Executive Director

An active contributor to the science and technology industry in Malaysia and formerly Science Advisor in the Prime Minister’s Department, Tan Sri Omar served on a number of national committees and initiated various programmes for the country’s technology advancement management, research and development and commercialization. This includes the establishment of Technology Park Malaysia Corporation, the Malaysian Industry-Government Group for High Technology, Composite Technology (Research) Malaysia Sdn Bhd and Malaysia Technology Development Corridor.

Tan Sri Omar also holds directorships in other public companies including BCT Technology Berhad and GW Plastics Holdings Bhd.

Mr. Tan Kay Yen
Chief Executive Officer and Executive Director

Mr. Tan has played an integral role in the company’s growth since 2006, where he supervised Green Packet’s growth to beyond just being a software company and its transition towards a main board listed entity in 2007. Prior to his appointment, Mr. Tan was the Chief Operating Officer and later including the role as the group’s acting Chief Financial Officer in 2013. Led by his passion for both the technology and financial sector, Mr. Tan aims to propel Green Packet further as it expands its global exposure and presence. His vision is to boost the adoption of Green Packet’s highly adaptable and customer-driven solutions, and to continue being a front-runner in the communications sector as the sector moves into the age of Internet of Everything.

Mr. Puan Chan Cheong
Non-Independent Non-Executive Director

Mr. Puan is a founder and the company’s technology developer for 4G LTE and WiMAX software solutions. He has over 20 years of diversified entrepreneurial experience and was previously Green Packet’s Group Managing Director for 14 years, leading the growth and development of its two main business pillars including P1, a 4G telecommunications company in Malaysia. Under his leadership, Green Packet became the world’s third largest vendor for WiMAX devices with a growing portfolio and customer base for LTE devices.

Mr. Puan has since transitioned to become P1’s Chief Executive Officer, where he will lead P1 towards maximizing its potential. 

Tan Sri Dato’ Kok Onn
Non-Independent Non-Executive Director

Tan Sri Dato’ Kok Onn was appointed as the Non-Independent Non-Executive Director of Green Packet in the year 2000. He is the Managing Director cum Chief Executive Officer of Gadang Holdings Bhd and has over 40 years in civil engineering. Prior to joining Gadang, he was the Group Chief Executive Officer of Bridgecon Holding Bhd.

Mr. Boey Tak Kong
Independent Non-Executive Director

Mr. Boey was appointed as Independent Non-Executive Director of the company in 2005. He is the Chairman of the Audit Committee and a member of the Nomination Committee of the company. He has over 23 years of senior financial management, internal audit and overseas business development experience in Malaysia, United Kingdom, Singapore, Australia and New Zealand. He is currently the Managing Director of Terus Mesra Sdn Bhd.

Encik A. Shukor Bin S.A. Karim
Independent Non-Executive Director

Encik A. Shukor was appointed as the company’s Independent Non-Executive Director of the company in 2008. He is a member of the Audit, Nomination and Remuneration Committees. He has played key roles in Malaysia’s technology sector and was the Chairman of Persatuan Industry Komputer dan Multimedia (PIKOM) from 1993 to 1995. He is currently the Chief Executive Officer and Group Managing Director of Theta Edge Bhd.

Constitution

The primary objective of the Company’s Board Charter is to set out the functions and responsibilities of the Board of Directors (“the Board”).

Composition of the Board

The Board will be composed of a majority, non-executive directors. The number of directors shall not be less than two (2) nor more than twelve (12). The appointment of directors shall be recommended by the Nomination Committee and Remuneration Committee and approved by the Board as a whole.

The Chairman shall be a non -executive director, preferably independent, and the role of the Chairman and Group Managing Director / Chief Executive Officer shall be separated.

The compositions of the independent and non-independent directors are carefully considered to ensure that the Board is well balanced and independent director shall be at least one-third of the Board composition.

The tenure of an independent director should not exceed a cumulative term of nine (9) years. Upon completion of nine (9) years, the independent director m ay continue to serve on the Board subject to the director’s re-designation as a non-independent director. The Board may justify and to seek shareholders’ approval in the event he desires to retain as an independent director, a person who has served in that capacity for more than nine years.

The Board is encouraged to achieve 30% female directors by 2016. Each director is to serve a maximum of five (5) board directorships with public listed companies in Malaysia.

The Board has appointed Tan Sri Datuk Dr. Haji Omar Bin Abdul Rahman as the Senior Independent Non-Executive Director to serve as a point of contact for investors and shareholders when the normal channel of communication is considered to be inappropriate or inadequate.

Role of the Board

The role of the Board is to provide strategic guidance to the Company and effective oversight of its management for the benefit of shareholders and other stakeholders. The Board retains ultimate authority over the day-to-day management of the Company. However, the Board may delegate responsibility for the day-to-day management of the Company to the Group Managing Director / Chief Executive Officer and other senior executives of the Company.

Board Committees

The Board is assisted in the discharge of its responsibilities by four (4) Committees which operate within its own specific terms of reference. The committees are responsible for particular aspects of the operation of the Company. The Board Committees undertakes in-depth deliberation of the issues at hand before tabling its recommendation thereon to the Board.

The four Board Committees are as follows:

  • Audit Committee;
  • Nomination Committee;
  • Remuneration Committee; and
  • Board Tender Committee.

Responsibilities of the Board

The Board has the responsibility to:

  • Review and adopt a strategic plan and policy for the Company;
  • Deliberate and approve the annual operating plans;
  • Oversee the conduct of the Company’s business to evaluate whether the business is being properly managed;
  • Maintain an effective Board that consist of competent individuals with appropriate specialized skills and knowledge to lead and control the Company;
  • Ensure efficient succession planning, including appointing, training, fixing the compensation of and, where appropriate, replacing top management;
  • Maintain an effective system of internal control to safeguard shareholders’ investment and Company’s assets;
  • Approve the quarterly results and annual audited accounts;
  • Review the adequacy and the integrity of the Company’s internal control systems and information systems, including systems for compliance with applicable laws, regulations, rules, directives and guidelines;
  • Develop and implement an investor relations programme or shareholder communications policy for the Company; and
  • Identify the principal risks and ensuring the implementation of appropriate systems to manage these risks.

Board review

The Board will review the size and composition of the Board yearly. The Board will also assess the Board’s performance, annually, in order to confirm that its processes and procedures remain adequate to ensure that it is carrying out its functions as effectively as possible.

The Board will have to agree on the criteria to be used for evaluation and ensure all directors are informed that they will be evaluated. Each director should be evaluated on the right mix of skills, experience and knowledge relevant to the Company.

Directors’ training

It is compulsory for every director to complete his Mandatory Accreditation Program. The Board must attend training programs prescribed by Bursa Malaysia Securities Berhad from time to time. Besides that, the Board must evaluate the training needs of its directors and ensure that their training needs are met. The Board must disclose in its company’s annual report, the training attended by directors. Where any of its directors have not attended any training during the financial year, the Board must state the reasons for non-attendance in the annual report for each director.

The Company shall provide an orientation and education program for new recruits to the Board, if it is requested.

Re-election / re appointment of directors

The Company’s Articles of Association provides that director(s) appointed during the year shall retire from office and be subject to re-election by shareholders at annual general meeting. At every annual general meeting, one-third of the directors are subject to retirement by rotation such that each director shall retire from office once in every three years, or, if their member is not three or a multiple of three, the number nearest to one-third shall retire from office and if there is only one director who is subject to retirement by rotation, he shall retire. The directors to retire shall be the directors who have been longest in office since their last election. As between directors of equal seniority, the directors to retire shall, in the absence of agreement be selected from among them by lot. Director above 70 years old is subject to yearly re-appointment.

Meetings

  • Meetings of the Board will be held as frequently as the Board considers appropriate, but it will normally meet not less than five times a year.
  • Notice of meetings and business to be conducted shall be given to members of the Board at least 7 days prior to the meeting.

Proceeding

  • Unless varied by these terms of reference, meetings and proceedings of the Board will be governed by the Company’s Articles of Association.
  • The Company Secretary shall take minutes of the meetings. These shall be reviewed and approved by the Chairman and management before being tabled to the Board at the next meeting.

General

  • The Board in carrying out its tasks under these terms of reference may obtain independent professional advice in furtherance of their duties. The cost of such exercise shall be borne by the Company.
  • These terms of reference will be subject to annual review by the Board and to be disclosed in the Annual Report.
  • The Charter should be periodically reviewed and updated in accordance with the needs of the Company and any new regulations that may have an impact on the discharge of board’s responsibilities.
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