Directors

 

 

BOARD OF DIRECTORS

Mr Too Kok Leng  Group Managing Director/Group Chief Executive Officer 
Y.A.M. Raja Shahruddin Rashid Group Deputy Managing Director
Miss Marianna Binti Aly Shun Group Executive Director
Mr Chiam Tau Meng Independent Non-Executive Director 
Dr. Christopher Shun Kong Leng , CFP®, RFP™ Non-Independent, Non-Executive Director
Mr Leou Thiam Lai Independent Non-Executive Director

 

 

DIRECTORS’ PROFILE

Mr Too Kok Leng
Group Managing Director, Malaysian, Aged 57, Male

Mr Too Kok Leng holds a B.A (Hons) in Law and was admitted to the Malaysian Bar in 1983. He started his own practice in 1988 and was practising under the name and style of Rahman, Too & Co. in Seremban and Kuala Lumpur. He specialised in the corporate and banking fields rendering legal advice to several banks and public listed companies. He has since ventured into his own private business in property and other related activities.

Mr Too was appointed as an Independent Non-Executive Director of Menang on 1 August 1995. He was also the Chairman of the Remuneration Committee and member of the Audit Committee and Nominating Committee of the Company.

On 29 November 2016, Mr Too was redesignated as Group Managing Director of Menang. Hence, he ceased as Chairman of Remuneration Committee and member of Audit Committee of the Company.

He also sits on the Board of TH Heavy Engineering Berhad listed on the Bursa Malaysia Securities Berhad as an Independent Non-Executive Director.

 

Y.A.M. Raja Shahruddin Rashid
Deputy Group Managing Director, Malaysian, Aged 49, Male

Y.A.M. Raja Shahruddin Rashid Ibni Almarhum Sultan Idris Iskandar Shah, holds a Bachelor of Arts in Business and Management. Y.A.M. Raja Shahruddin Rashid has extensive experience in the corporate sector, having worked for various banks and corporations where he specialized in Marketing and Processing and Corporate Loans for 5 years. He was engaged as Officer in the Marketing and Processing, Corporate Banking Department for Kewangan Usaha Bersatu Berhad (KUBB) from 1993 to 1995, Officer in the Corporate Loans and Marketing Department for Arab-Malaysian Finance Berhad from 1995 to 1997. He was appointed as General Manager in Property Development and Management for Maymerge (M) Sdn Bhd from 1997 to 2004. He was appointed as Executive Director in Property Development, Construction and Property Management for Menang Development (M) Sdn Bhd, a wholly owned subsidiary of Menang Corporation (M) Berhad from January 2005 to December 2007.

Y.A.M. Raja Shahruddin Rashid was appointed as Company Director of Menang on 20 September 2016. Subsequently, he was redesignated as Deputy Group Managing Director on 1 November 2016.

Y.A.M. Raja Shahruddin Rashid is brother-in-law of Ms Marianna Binti Aly Shun and brother-in-law of Dr Christopher Shun Kong Leng.

 

Ms Marianna Binti Aly Shun
Executive Director, Malaysian, Aged 29, Female

Ms Marianna Binti Aly Shun holds a Bachelor of Arts from Monash University, Melbourne, Australia. She has gained experience in real estate development since 2005 and have worked for several private real estate development companies.

Ms Marianna Binti Aly Shun was appointed as Executive Director of the Company on 29 November 2016.

Ms Marianna Binti Aly Shun is sister of Dr Christopher Shun Kong Leng and sister-in-law of Y.A.M. Raja Shahruddin Rashid.

 

Mr Chiam Tau Meng
Senior Independent Non-Executive Director, Malaysian, Aged 63, Male

Mr Chiam Tau Meng graduated with a Bachelor of Commerce Degree majoring in Accountancy from University of Otago, Dunedin, New Zealand in 1976. He is an Associate Chartered Accountant of the Chartered Accountants Australia and New Zealand. He is also a Chartered Accountant of the Malaysian Institute of Accountants.

He started his career in 1976 as Finance Manager of Tolley Industries Ltd (New Zealand) and in 1979, he joined Malaysian Containers (1974) Berhad as Finance Manager cum Company Secretary. In 1984, he joined Menang Corporation (M) Berhad as General Manager of Corporate Services.

In 1989, he joined Bee Hin Holdings Sdn Bhd as General Manager-Corporate Finance in charge of the reconstruction scheme under Section 176 of the Companies Act, 1965 of Kuala Lumpur Industries Berhad.

In 1992, he joined the management consultancy practice of an international accounting organisation and in 1994, he set up his own consulting practice namely CTM Consulting.

He was appointed as an Independent Non-Executive Director of Menang on 21 October 2005. He is the Chairman of the Audit Committee and the Nominating Committee and a Member of the Remuneration Committee of Menang. On 29 November 2016, he was redesignated from Chairman of Nomination Committee to member of Nomination Committee.

He also sits on the Board of the following companies listed on the Bursa Malaysia Securities Berhad:-

Hovid Berhad
(Independent & Non-Executive)

SC Estate Builder Berhad
(Independent & Non-Executive)

 

Mr Leou Thiam Lai 

Independent Non-Executive Director, Malaysian, Aged 60, Male

Mr Leou Thiam Lai is a Chartered Accountant of Malaysian Institute of Accountants. He is also a fellow member of the Chartered Association of Certified Accountants (UK) and fellow member of the Chartered Tax Institute of Malaysia.

Mr Leou Thiam Lai was Group Accountant for Paper Products Berhad from year 1984 to 1986. Then he joined Kotak Kajang Industries Sdn Bhd as Group Accountant from 1986 to 1987. He was then setted up an Accounting Firm named Leou Associates (also known as Leou Associates PLT) as Partner of the firm until now.

Mr Leou Thiam Lai was appointed as Independent Non-Executive Director of the Company on 29 November 2016. On the same day, he was also appointed as Chairman of Nomination Committee and member of Audit Committee.

Mr Leou Thiam Lai also holds directorship in the following companies:

  1. Degem Berhad
  2. Sern Kou Resources Bhd
  3. Asiamet Education Group Berhad
  4. EA Holdings Berhad

 

Dr. Christopher Shun Kong Leng , CFP®, RFP™
Non-Independent Non-Executive Director, Malaysian, Aged 51, Male

Dr. Christopher Shun Kong Leng graduated from Boston University with a Bachelor of Science in Business Administration with Summa Cum Laude and Bachelor of Arts in Economics with Magna Cum Laude in May 1987. He pursued a Merchant Banking career with Hill Samuel Bank, London from 1987 to 1989. In 1991, he obtained his Master of Science in Management from the MIT Sloan School of Management, U.S.A. He subsequently joined Bankers Trust London as a Merger and Acquisition Associate. He completed his Doctor of Business Administration (D.B.A) from Henley Management College, Brunel University, United Kingdom in 2004. He taught Property Securitization to Undergraduate Property Honours students at the Royal Melbourne Institute of Technology (RMIT) in 2015. He also taught Property Risk Management to Master of Property students at University of Melbourne in 2016.

Dr. Christopher Shun was previously Senior Vice President, Economic Intelligence Division, Iskandar Regional Development Authority (IRDA) from 2012-2013. He was formerly the Risk Management Advisor to Perbadanan Putrajaya (PPJ) from 2008-2011. Dr. Christopher Shun was appointed in 2007 onto the National Property Research Economic Council (NAPREC) think tank under the oversight of the Ministry of Finance (MOF) advising the Government of Malaysia (GOM) on all matters pertaining to Real Estate policies and Macroeconomic impacts on the Malaysian economy.

Dr. Christopher Shun was appointed to the Board of Menang on 25 February 1991 and was made Executive Director on 1 April 1991 (Non-Independent Director). Subsequently, he was appointed as Group Executive Director on 1 January 1992 and he was promoted to Deputy Group Managing Director on 1 July 2005. On 31 December 2007, Dr. Christopher Shun was re-designated as Non-Executive Director. He is also a member of the Remuneration Committee of the Company. On 29 November 2016, he was appointed as member of Audit Committee and member of Nomination Committee.

Dr. Christopher Shun is brother-in-law of Y.A.M. Raja Shahruddin Rashid, and brother of Ms Marianna Binti Aly Shun.

 

 

Notes:

1. Family relationship with director and/or major shareholder
Save as hereinabove disclosed, none of the Directors has any family relationship with the other directors and/or major shareholders of Menang Corporation (M) Berhad.

2. Conflict of interest
None of the Directors has any conflict of interest in the Company except for those transactions disclosed in Note 29 to the financial statements of Annual Report 2016.

3. Conviction for offence
None of the Directors has been convicted of any offence within the past five (5) years.

4. Other directorship of public Companies
None of the Directors hold any directorship in any other public listed company, save as disclosed above.

5. Securities holdings in the Company
Details of the Directors’ securities holdings in the Company, and its subsidiaries are set out on pages 103 to 107 of the Annual Report 2016.

 

SPECIFIC ROLES OF GROUP CHAIRMAN AND GROUP MANAGING DIRECTOR/GROUP CEO

GROUP CHAIRMAN (CHAIRMAN)

  1. Reporting Lines
    1. The Chairman reports to the board.
    2. The Chairman is responsible for the overall policies of the Group’s business and its implementation.
  2. Key Responsibilities
    1. The Chairman’s principal responsibility is the effective running of the board.
    2. The Chairman is responsible for ensuring that the board as a whole plays a full and constructive part in the development and determination of the Group’s strategy and overall commercial objectives.
  3.  
    1. Running the board and setting its agenda.
    2. Ensuring that board agendas take full account of the important issues facing the Group and the concerns of all board members. There should be an emphasis on strategic, rather than routine, issues.
    3. Ensuring that the board receives accurate, timely and clear information on the Group’s performance, the issues, challenges and opportunities facing the Group and matters reserved to it for decision.
    4. Ensuring, with the advice of the company secretary where appropriate, compliance with the board’s approved procedures, including the schedule of Matters Reserved to the board for its decision and each Committee’s Terms of Reference.
    5. Arranging informal meetings of the directors, including meetings of the non-executive directors at which the executive directors are not present, as required to ensure that sufficient time and consideration is given to complex, contentious or sensitive issues.
    6. Proposing to the board, in consultation with the GMD, company secretary and Committee Chairman as appropriate:
      • a schedule of Matters Reserved to the board for its decision
      • Terms of Reference for each board Committee and
      • other board policies and procedures.
    7. Ensuring that there is effective communication by the Group with its shareholders and ensuring that members of the board develop an understanding of the views of the major investors in the Group.
    8. Taking the lead in providing a properly constructed induction programme for new directors, facilitated by the company secretary.
    9. Taking the lead in identifying and seeking to meet the development needs both of individual directors and of the board as a whole, assisted by the company secretary.
    10. Ensuring that the performance of the board as a whole, its Committees, and individual directors is formally and rigorously evaluated at least once a year.
    11. Promoting the highest standards of integrity, probity and corporate governance throughout the Group and particularly at board level.

 

GROUP MANAGING DIRECTOR/ GROUP CEO (CEO)

  1. Reporting Lines
    1. The GMD reports to the board.
    2. The GMD is responsible for all executive management matters affecting the Group. All members of the management, report directly or indirectly, to him.
  2. Key Responsibilities
    1. The GMD’s principal responsibility is running the Group’s business.
    2. The GMD is responsible for developing the Group’s strategy and overall commercial objectives, which he does in close consultation with the board.
    3. The GMD is responsible for implementing the decisions of the board and its Committees.
  3.  
    1. Providing input to the board’s agenda from himself and other members of the executive team.
    2. Ensuring that he maintains a dialogue with the Chairman on the important and strategic issues facing the Group, and proposing board agendas to the Chairman which reflect these.
    3. Ensuring that the executive team gives appropriate priority to providing reports to the board which contain accurate, timely and clear information.
    4. Ensuring, in consultation with the Chairman and the company secretary as appropriate, that he and the executive team comply with the board’s approved procedures, including the schedule of Matters Reserved to the board for its decision and each Committee’s Terms of Reference.
    5. Ensuring that the Chairman and the board are alerted to complex, contentious or sensitive issues affecting the Group.
    6. Providing input to the Chairman and company secretary on appropriate changes to the schedule of Matters Reserved to the board and Committee Terms of Reference.
    7. Leading the communication programme with shareholders.
    8. Commenting on induction programmes for new directors and ensuring that appropriate management time is made available for the process.
    9. Ensuring that the development needs of the executive directors and other senior management reporting to him are identified and met.
    10. Ensuring that performance reviews are carried out at least once a year for each of the executive directors. Providing input to the wider board evaluation process.
    11. Promoting, and conducting the affairs of the Group with the highest standards of integrity, probity and corporate governance.

 

ASSESSMENT MECHANISM AND MEASUREMENT SYSTEM FOR BOARD OF DIRECTORS (BOD) AND INDIVIDUAL BOARD MEMBERS

  1. Introduction
    • To propose a set of assessment mechanism and measurement system to evaluate effectively the performance of Individual Directors and the Board as a whole.
  2. Objective
    • To implement through the Nomination Committee, a performance measurement system to assess the performance of the Board and each individual director to ensure their effectiveness.
  3. Evaluation of the Board
    1. Areas to be covered as part of the Board review are as follows:
      1. Analysis of the Board’s structure and composition, makeup of its various committees, the tenure and performance of Individual Board members.
      2. The Board’s roles and responsibilities, frequency and quality of information flow and presentation, frequency of Board meetings, decision making processes of the Board, its’ reporting to the shareholders and stakeholders.
      3. Results of strategy and performance objectives and their attainment issues related to succession planning and remuneration of senior management and its responsibility of the overall company performance which includes:
        • Strategies, Business Plan and Policies
        • Prudent Operations
        • Risk Management Infrastructure and Policies
        • Procedures Governing self-serving practices and conflict of Interest
        • Beneficial Influence on Community
  4. Evaluation of Individual Directors and the Board
    1. The performance of each individual director and the Board shall be assessed based on the following guidelines :-
      • The awareness of the Menang Corporation (M) Berhad (‘Menang Group’) operating environment
      • Diligence in undertaking his/her duty and avoiding conflict of interest
      • Ability to question the Management as and when deem appropriate
      • Ability to devote adequate time and attention to discharge his/her duty and responsibilities effectively
      • Able to participate and contribute effectively to the functions of the Board
      • Understanding of his/her role and “duty of loyalty” to the Group, its shareholders and other stakeholders
      • Strategic direction and corporate policies are implemented effectively
      • BOD decisions are implemented and board of directors are responded to
      • Implementation of short and long term business plans
      • Providing strong leadership, effectively communicating a vision, management philosophy and business strategy to the employees
      • Keeping the BOD fully informed of all important aspects of the Group’s operations and ensuring efficient information is distributed to the board members
      • Ensuring the day-to-day business affairs of the Group are effectively managed
      • The overall Group’s financial performance
    • The effectiveness of the Board as a whole and the contribution of each director to the effectiveness of the Board and the contribution of the Board’s various committees shall be assessed on periodic basis.