Directors responsibility statement malaysia

2019-11-17 20:02

82 Bursa Malaysia Annual Report 2014 DIRECTORS RESPONSIBILITY STATEMENT FOR THE AUDITED FINANCIAL STATEMENTS The Directors are required by the Companies Act, 1965 (CA) to prepare the financial statements for each financial year which have been made out in accordanceStatement of Directors' Responsibilities. Supper User Governance 03 December 2018 Hits: 371 Statement of Corporate Governance Please Rate In accordance with the requirements in Paragraph 15. 26 (a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors are required to issue a statement directors responsibility statement malaysia

The Directors are responsible for preparing the Annual Report and the Group and Company financial statements, in accordance with applicable Responsibility Statement as required by the Transparency Directive and UK Corporate Governance Code Statement of Directors Responsibilities.

Chart 1: The evolution of Malaysias Companies Act 2016 2008 and responsibilities Directors remuneration to be approved at statements by directors Directors are directly liable for any offences regarding the issuance of solvency statements (refer pages 5 to 6). Company Directors In Malaysia; False or misleading statements; Transactions involving directors and shareholders; Directors is having heavy responsibilities. They are required to follow the guidelines as mentioned in The Companies Acts 2016 and to perform their duties effectively.directors responsibility statement malaysia DIRECTORS RESPONSIBILITY STATEMENT In preparing the annual financial statements of the Group and of the Company, The Directors regard Kuok Brothers Sdn Berhad, a company incorporated in Malaysia, as the ultimate holding company. SUBSIDIARIES

Directors Responsibility Statement. 166 ASTRO MALAYSIA HOLDINGS BERHAD ANNUAL REPORT 2016 ASTRO MALAYSIA HOLDINGS BERHAD ANNUAL REPORT 2016 167 Directors Report For the Financial Year Ended 31 January 2016 The Directors are pleased to submit their report to the members together with the audited financial statements of the Group directors responsibility statement malaysia DIRECTORS RESPONSIBILITY STATEMENT IN RESPECT OF ANNUAL AUDITED ACCOUNTS The Directors are responsible for ensuring that the annual audited financial statements of the Company and the Group are drawn up in accordance with the requirements of the applicable approved accounting standards in Malaysia, the provisions of the Companies Act, A guide to directors responsibilities under the Companies Act 2006. PAGE 3 A guide to directors responsibilities under the Companies Act 2006 John Davies Head of Business Law, ACCA responsibilities of the director as the person who makes decisions on its behalf. Responsibilities for a company's activity The directors are ultimately responsible for the management of the company. Financial difficulty and investigations If a company is insolvent or in financial difficulty, directors have additional duties. Breach of responsibilities Directors are subject to a variety of sanctions for breach of their duties. The scope of the responsibilities of the Directors of a company, be it Private or Public, have been expanded to include also in its purview the areas mentioned in for Directors' Responsibility Statement ultimately aiming a t safeguarding the interest of the company.

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