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MRCB Cover&Acct MALAYSIAN RESOURCES CORPORATION BERHAD RESOURCES CORPORATION MALAYSIAN laporan tahunan 2007 annual report MALAYSIAN RESOURCES CORPORATION BERHAD 7994-D 7994-D www.mrcb.com.my 2007 laporan tahunan annual report MALAYSIAN RESOURCES CORPORATION BERHAD 7994-D Level 21, 1 Sentral, Jalan Travers, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia Tel: 603 2786 8080 Fax: 603 2780 7988 Contents Kandungan 2 Corporate Information 2 Maklumat Korporat 4 Notice of Annual General Meeting 6 Notis Mesyuarat Agung Tahunan 10 Corporate Social Responsibilities 2007 16 Tanggungjawab Sosial Korporat 2007 24 Board of Directors 24 Lembaga Pengarah 26 Directors’ Profile 26 Profil Pengarah 36 Senior Management 36 Pengurusan Kanan 40 Group Financial Highlights 40 Maklumat Kewangan Kumpulan 41 Charts 41 Carta 42 Organisation Chart 42 Carta Organisasi 44 Corporate Structure 44 Struktur Korporat 46 Chairman’s Statement 52 Penyata Pengerusi 57 Operations Review 57 Ulasan Operasi 98 Awards & Recognition 98 Anugerah & Pengiktirafan 102 Calendar of Events 2007 102 Kalendar Peristiwa 2007 110 International Best Practices of 122 Amalan Terbaik Antarabangsa Bagi Corporate Governance Tadbir Urus Korporat 134 The Board’s Report On 139 Laporan Lembaga Pengarah Berkenaan The Audit Committee Jawatankuasa Audit 144 Statement on Internal Control 145 Penyata Kawalan Dalaman 146 Risk Management Policy 148 Laporan Pengurusan Risiko 150 Disclosure on Additional Compliance 151 Maklumat Pematuhan Tambahan 152 Material Contracts 154 Kontrak-Kontrak Penting 156 Analysis of Shareholdings 159 Analisis Pegangan Saham 157 Top 30 Largest Shareholdings 160 30 Pemegang Saham Terbesar 162 Properties of the Group 165 Hartanah Kumpulan 168 CSR Assurances Statement Borang Proksi 169 Global Reporting Contents Index Proxy Form MRCB Laporan Tahunan 2007 Annual Report Corporate Information Maklumat Korporat BOARD OF DIRECTORS EXECUTIVE COMMITTEEE REGISTERED OFFICE LEMBAGA PENGARAH JAWATANKUASA EKSEKUTIF PEJABAT BERDAFTAR Datuk Azlan Zainol Dr Roslan A. Ghaffar Level 21, 1 Sentral NON-INDEPENDENT NON-EXECUTIVE CHAIRMAN / CHAIRMAN / PENGERUSI Jalan Travers PENGERUSI BUKAN BEBAS BUKAN EKSEKUTIF Kuala Lumpur Sentral Shahril Ridza Ridzuan 50470 Kuala Lumpur Shahril Ridza Ridzuan Datuk Ahmad Zaki Zahid Tel: 603-2786 8080 GROUP MANAGING DIRECTOR / Mohamad Lotfy Mohamad Noh Fax: 603-2780 7668 PENGARAH URUSAN KUMPULAN AUDIT COMMITTEEE SHARE REGISTRAR Abdul Rahman Ahmad JAWATANKUASA AUDIT PENDAFTAR SAHAM NON-INDEPENDENT NON-EXECUTIVE DIRECTOR / PENGARAH BUKAN BEBAS BUKAN EKSEKUTIF Dato’ Dr. Mohd Shahari Ahmad Jabar Symphony Share Registrars Sdn. Bhd. CHAIRMAN / PENGERUSI Level 26, Menara Multi-Purpose Dato’ Ahmad Ibnihajar Capital Square INDEPENDENT DIRECTOR / Dato’ Ahmad Ibnihajar No. 8, Jalan Munshi Abdullah PENGARAH BEBAS Abdul Rahman Ahmad 50100 Kuala Lumpur Tel: 603-2721 2222 Dato’ Dr. Mohd Shahari Ahmad Jabar REMUNERATION COMMITTEE Fax: 603-2721 2530 / 603-2721 2531 INDEPENDENT DIRECTOR / JAWATANKUASA IMBUHAN PENGARAH BEBAS AUDITORS Dato’ Ahmad Ibnihajar JURUAUDIT Dr. Roslan A.Ghaffar CHAIRMAN / PENGERUSI NON-INDEPENDENT NON-EXECUTIVE DIRECTOR / PricewaterhouseCoopers PENGARAH BUKAN BEBAS BUKAN EKSEKUTIF Dato’ Dr. Mohd Shahari Ahmad Jabar Dr Roslan A. Ghaffar PRINCIPAL BANKERS Datuk Ahmad Zaki Zahid BANK-BANK UTAMA INDEPENDENT DIRECTOR / NOMINATION COMMITTEE PENGARAH BEBAS JAWATANKUASA PENCALONAN CIMB Bank Berhad Bank Islam Malaysia Berhad Mohamad Lotfy Mohamad Noh Dato’ Dr Mohd Shahari Ahmad Jabar Alliance Bank Malaysia Berhad NON-INDEPENDENT NON-EXECUTIVE DIRECTOR / CHAIRMAN / PENGERUSI PENGARAH BUKAN BEBAS BUKAN EKSEKUTIF LISTING Dato’ Ahmad Ibnihajar PENYENARAIAN COMPANY SECRETARY Dr Roslan A. Ghaffar SETIAUSAHA SYARIKAT Main Board of Bursa Malaysia EMPLOYEES’ SHARE OPTION Securities Berhad Mohd Noor Rahim Yahaya SCHEME (ESOS) COMMITTEE (MAICSA 0866820) JAWATANKUASA SKIM OPSYEN DATE OF LISTING SAHAM PEKERJA (ESOS) TARIKH PENYENARAIAN Dato’ Ahmad Ibnihajar 22 March 1971/22 Mac 1971 CHAIRMAN / PENGERUSI Dato’ Dr. Mohd Shahari Ahmad Jabar Dr Roslan A. Ghaffar Shahril Ridza Ridzuan MRCB Laporan Tahunan 2007 Annual Report 2| 3 Leading through innovation in CORPORATE development, engineering STATEMENT and services PENYATA Menerajui melalui inovasi dalam KORPORAT pembangunan, kejuruteraan dan perkhidmatan We care, we deliver OUR PLEDGE Kami perihatin, kami tunaikan IKRAR KAMI Integrity - fair, honest & accountable Passion - deliver from the heart Teamwork - work as one CORE VALUES Innovation - continuous improvement NILAI TERAS Integriti - adil, jujur dan amanah Bersemangat - melaksanakan tanggungjawab sepenuh hati Bekerjasama - dalam satu pasukan Inovasi - peningkatan berterusan MRCB Laporan Tahunan 2007 Annual Report Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Thirty-Seventh Annual General Meeting of Malaysian Resources Corporation Berhad (MRCB or the Company) will be held at Ballroom A & B, Level 6, Hilton Kuala Lumpur, 3, Jalan Stesen Sentral, 50470 Kuala Lumpur, Malaysia on Tuesday, 27 May 2008 at 3.00 p.m. for the following purposes: AGENDA ORDINARY BUSINESS 1 To receive and adopt the Statutory Financial Statements of the Company for the financial year ended 31 December 2007 and the Reports of the Directors and Auditors thereon. RESOLUTION 1 2 To approve a final dividend of 1.2% or 1.2 sen per ordinary share less income tax of 26% for the financial year ended 31 December 2007. RESOLUTION 2 3 To re-elect the following Directors who retire by rotation pursuant to Article 101 of the Company's Articles of Association, and being eligible have offered themselves for re-election: i Datuk Azlan Zainol RESOLUTION 3 ii Abdul Rahman Ahmad RESOLUTION 4 4 To approve the Directors’ Fees of RM340,000 for the financial year ended 31 December 2007. (2006: RM302,000) RESOLUTION 5 5 To re-appoint Messrs. PricewaterhouseCoopers as Auditors of the Company and to authorise the Directors to fix their remuneration. RESOLUTION 6 SPECIAL BUSINESS To consider and, if thought fit, to pass with or without any modification, the following resolution: ORDINARY RESOLUTION 6 Authority To Allot Shares "THAT pursuant to Section 132D of the Companies Act, 1965, the Board of Directors be and is hereby empowered to issue shares in the Company at any time until the conclusion of the next Annual General Meeting and upon such terms and conditions and for such purposes as the Board of Directors may, in their absolute discretion, deem fit provided that the aggregate number of shares to be issued does not exceed 10% of the issued and paid-up share capital of the Company for the time being AND THAT the Board of Directors be and is also empowered to obtain approval for the listing of and quotation for the additional shares so issued on Bursa Malaysia Securities Berhad.” RESOLUTION 7 7 To transact any other ordinary business for which due notice has been given. MRCB Laporan Tahunan 2007 Annual Report 4 | 5 NOTICE OF DIVIDEND PAYMENT NOTICE IS HEREBY GIVEN THAT, subject to the approval of the shareholders at the forthcoming Annual General Meeting, a final dividend of 1.2% or 1.2 sen per ordinary share less income tax of 26% for the financial year ended 31 December 2007 will be paid on 15 July 2008 to Depositors whose name appear in the Record of Depositors on 1 July 2008. A Depositor shall qualify for entitlement to the dividend only in respect of: a Shares transferred into the Depositor’s Securities Account before 4.00 p.m. on 1 July 2008 in respect of transfers; b Shares deposited into the Depositor’s Securities Account before 12.30 p.m. on 27 June 2008 in respect of shares exempted from mandatory deposit; and c Shares bought on Bursa Malaysia Securities Berhad on a cum entitlement basis according to the Rules of Bursa Malaysia Securities Berhad BY ORDER OF THE BOARD Notes : 1 A member of the Company entitled to attend and vote at the meeting is entitled to appoint one or more proxies (or in the case of a corporation, to appoint a representative) to attend and vote in his stead. A proxy need not be a member of the Company. 2 The Proxy Form must be signed by the appointor or his attorney duly authorised in writing. In the case of a MOHD NOOR RAHIM YAHAYA corporation, it shall be executed under its Common Seal or signed by its attorney duly authorised in writing or by (MAICSA 0866820) an officer on behalf of the corporation. Company Secretary 3 The instrument appointing the proxy must be deposited at the Share Registrar, Symphony Share Registrars Sdn. Bhd., Level 26, Menara Multi-Purpose, Capital Square, No 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur, Malaysia not less than 48 hours before the time appointed for holding the meeting or any adjournment thereof. Kuala Lumpur Explanatory Notes on Special Business: 5 May 2008 Resolution 7, if passed, will give the Directors of the Company authority to issue ordinary shares in the Company at any time at their absolute discretion without convening a General Meeting. The authorisation will, unless revoked or varied by the Company at a General Meeting, expire at the next Annual General Meeting. Statement Accompanying Notice of Annual General Meeting Directors who are seeking re-election at the Thirty-Seventh Annual General Meeting of the Company are: Pursuant to Article 101 of the Articles of Association: • Datuk Azlan Zainol • Abdul Rahman Ahmad The details of Directors who are seeking re-election at the Thirty-Seventh Annual General Meeting are set out in the Profile of Directors appearing in pages 26 to 33. Their shareholdings in the Company are set out in the Analysis
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