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INTRODUCTION
The Company is committed to high standards of corporate governance. The Board of Directors and each individual director is directly accountable to the shareholders and stakeholders for ensuring that good governance is committed and practised at every level of the Company’s operations, including relationships with third parties. The Company has adopted the “Nestlé Corporate Governance Principles” of its holding company, Nestlé S.A. Vevey, Switzerland, as its best practice in corporate governance.
The principles of corporate governance cover 4 areas, as follows:
• The rights and responsibilities of shareholders;
• The equitable treatment of shareholders;
• The duties and responsibilities of directors; and
• Disclosure and transparency.
These principles are in line with the Part 1 and 2 of the Malaysian Code on Corporate Governance and paragraphs 15.26 and 15.27 of the Listing Requirements of the Bursa Malaysia Securities Berhad [635998-W].
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