Missionto Be the Premier Regional Higher Education
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SEGi will place quality education within the VISIONreach of willing minds and natural talents. To be the premier regional higher education provider offering quality employability based international programmes on accessible terms, delivered through the most innovative technologies and student MISSION centric learning techniques. 02 Corporate Information 03 Financial Highlights 04 Board of Directors 06 Directors’ Profile 14 Senior Management 16 Key University Council Members 18 Key Management Members 20 SEGi University Senior Academic Members 26 Management Discussion & Analysis 36 At Our Heart: SEGi Programmes 44 Strong Foundation: SEGi Campuses 48 Centre of Excellence 54 Strategic Collaborations: University Partners 60 Excellence at SEGi 65 2017 At A Glance CONTENT 75 Sustainability Statement 80 Sustainability Initiatives 84 Corporate Governance Overview Statement 100 Statement of Directors’ Responsibilities in respect of the Audited Financial Statements 101 Audit Committee Report 104 Statement on Risk Management & Internal Control 107 Other Information Required by the Bursa Securities Listing Requirements Cover Rationale 108 Notice of Annual General Meeting Due to the high standards maintained 113 Financial Statements by SEGi University & Colleges, all 206 Group Properties students can look forward to successful 208 Analysis of Shareholdings careers in their chosen fields. On the 211 SEGi Education Network cover, students are beaming with confidence and they are integrated into • Proxy Forms the headline, Embracing A Vibrant Future, which is inspired by the endless possibilities that lie ahead of them. 2 Corporation Information board of Company Secretaries Stock Exchange Listing directors Chong Poh Yee Main Market of (MIA 7620) Bursa Malaysia Securities Berhad Tan Sri Dato' Seri Megat Najmuddin Bin Hew Ling Sze Dato’ Seri Dr. Haji Megat Khas (MAICSA 7010381) Auditors Independent NonExecutive Chairman Ernst & Young (EY) Tan Sri Clement Hii Chii Kok Registered Office Level 23A Menara Milenium Group Managing Director Jalan Damanlela 6th Floor, SEGi University Pusat Bandar Damansara Hew Moi Lan No. 9, Jalan Teknologi 50490 Kuala Lumpur Executive Director / Chief Executive Officer Taman Sains Selangor Kota Damansara, PJU 5 Tel: 603 7495 8000 Nicholas Rupert Heylett Bloy 47810 Petaling Jaya Fax: 603 2095 5332 NonIndependent NonExecutive Director Selangor Darul Ehsan Datuk Mohamed Azahari Bin Mohamed Kamil Tel: 603 6287 3752 Registrar NonIndependent NonExecutive Director Fax: 603 6145 2679 Symphony Share Registrars Sdn Bhd Dato’ Amos Siew Boon Yeong Level 6, Symphony House Independent NonExecutive Director Pusat Dagangan Dana 1 Jalan PJU 1A/46 Dato Goh Leng Chua 47301 Petaling Jaya Independent NonExecutive Director Selangor Darul Ehsan Edwin Fua Chye Jin Tel: 603 7841 8000 NonIndependent NonExecutive Director Fax: 603 7841 8151/52 SEGi / Annual Report 2017 3 Financial Highlights GROUP 5-YEARS FINANCIAL SUMMARY 2013 2014 2015 2016 2017 RM’000 RM’000 RM’000 RM’000 RM’000 Revenue 236,774 242,012 253,183 260,249 256,286 Profit before tax 31,709 24,412 26,797 30,046 45,772 Profit for the year attribute to shareholders 32,978 23,363 24,046 27,111 40,182 Share capital 167,090 175,017 187,024 187,024 147,503 Shareholders’ fund 253,559 221,461 219,738 204,354 91,140 Total assets 355,037 375,479 356,383 300,314 264,761 Basic earnings per share (sen) 5.14 3.63 3.43 3.75 3.25 Net dividend for the year (sen) 7.50 11.00 7.00 6.00 3.50 Capital repayment (sen) 15.00 2017 FINANCIAL SUMMARY 2% 52% 48% REVENUE PROFIT BEFORE TAX PROFIT FOR THE YEAR rm256.3 mil rm45.8 mil rm40.2 mil Annual Report 2017 / SEGi 4 board of directors DATO Goh Leng Chua Nicholas Rupert Heylett Bloy Hew Moi Lan Tan Sri Clement Hii Chii Kok SEGi / Annual Report 2017 5 Tan Sri Dato’ Seri Megat Dato’ Amos Siew Boon Yeong Najmuddin Bin Dato’ Seri Dr. Haji Megat Khas Datuk Mohamed Azahari Edwin Fua Chye Jin Bin Mohamed Kamil Annual Report 2017 / SEGi 6 Directors’ Profile (continued) Tan Sri Dato’ Seri Tan Sri Dato’ Seri Megat Board of the Malaysian Anti Najmuddin, was appointed to Corruption Commission (MACC). Megat Najmuddin Bin the Board on 2 February 2001 He is the current President and assumed the position as of Persatuan Darul Ridzuan in Dato’ Seri Dr. Haji Chairman on 27 August 2008. Wilayah Persekutuan and Selangor (a welfare organisation). Megat Khas Tan Sri Dato’ Seri Megat In addition, he is the Advisor Najmuddin, 73, was a lawyer by of the Tan Sri Muhyiddin Charity Independent Non-Executive Chairman profession who obtained his Golf (TSMCG); and also a - Malaysian - Honours Degree in Law from trustee of MyKasih (Charity) Singapore University in 1970. Foundation and the Vijayaratnam He started his working life in Foundation. 1970 with First National City Bank (now Citibank) for 2 years Currently, Tan Sri Dato’ Seri and went into law practice with Megat Najmuddin is Chairman a leading law firm in Kuala of Asian Pac Holdings Berhad, Lumpur for another two years, and MajuPerak Holdings Berhad. after which he started his own He is also a Director of QNET law firm which flourished. In (M) Sdn Bhd. 1986 he retired from law practice and went headlong into He also served as a Non politics, ultimately becoming Executive Independent Director UMNO Chief of Petaling Jaya. of PETRONAS from April 2010 He then served as State until April 2017. He was also a Assemblyman of Kelana Jaya in long time Chairman of Omesti Selangor for two terms (1986 Berhad and Tradewinds 1995) and as municipal Corporation Berhad. councillor for two decades. In SEG International Bhd, Tan Sri Tan Sri Dato’ Seri Megat Dato’ Seri Megat Najmuddin Najmuddin is active in Non also serves as the Chairman Governmental Organisations of the Nominating and (NGOs). He was elected as Remuneration Committees and Executive Committee Member has attended five Board of the Federation of Public meetings held during the year. Listed Companies Berhad (FPLC) in August 1994 and was elected He has no family relationship as its President in October 1997. with any director and/or major He represented this organisation shareholder of the Company. to the High Level Finance He has not entered into any Committee of the Ministry of transaction, whether directly or Finance until 2000. He was the indirectly, which has a conflict of President of Kelab Golf Negara interest with the Company, Subang and the Malay College other than those disclosed Old Boys’ Association (MCOBA). in the accompanying financial He was the President of statements, if any, and has no Malaysian Institute of Corporate conviction of offences within the Governance (MICG) from 1998 past five years other than traffic till 2015 and currently the offences, if any. Honorary Patron of MICG. He was member of the Advisory 7 Directors’ Profile (continued) Tan Sri Clement Hii Chii Kok Executive Director of SYF Tan Sri Clement was appointed to the Board Resources Berhad from June on 3 September 2001 as an 2012 to April 2014. Currently, Hii Chii Kok Executive Director of the Tan Sri Clement Hii is the Company and subsequently Executive Chairman of HCK Group Managing Director assumed the position of Chief Capital Group Bhd. He also - Malaysian - Executive Officer on 10 October holds positions in numerous 2001. On 27 August 2008, private limited companies and Tan Sri Clement Hii was charitable foundations. appointed the Managing Director/Chief Executive Officer Tan Sri Clement Hii attended all and redesignated as Group the five Board meetings held Managing Director in January during the year ended 31 2009. December 2017. Tan Sri Clement Hii, He has no family relationship 60, is a member of the with any director and/or major Remuneration Committee, shareholder of the Company. Executive Committee andHe has not entered into any Long Term Incentive Plan transaction, whether directly or Committee of the Company. indirectly, which has a conflict of interest with the Company, He graduated with a Bachelor other than those disclosed of Laws (Hons) degree from in the accompanying financial the United Kingdom. He was statements and has no conferred honorary doctorate conviction for offences within degrees by the University of the past five years other than Sunderland, University of traffic offences, if any. Southern Queensland and his alma mater, the University of Wolverhampton. He was the Executive Deputy Chairman of Star Publications (M) Bhd for two years, until end of December 2010. He was also a NonIndependent Non 8 Directors’ Profile (continued) Hew Moi Lan Hew Moi Lan was appointed to Moi Lan was a Board member the Board on 20 April 2010. for Perbadanan Tabung Pembangunan Kemahiran Executive Director/ Hew Moi Lan, 57, is a member (PTPK), Ministry of Human Chief Executive Officer of the Risk Management Resources from 2009 to 2015. - Malaysian - Committee and Executive In March 2013, Moi Lan was Committee of the Company. honoured a Leadership in Education & Training Excellence She is a fellow member of Award at the Global Leadership The Chartered Institute of Awards, 2013. In June 2014, Management Accountants, Moi Lan garnered an award for United Kingdom and a her contribution to the Human Chartered Accountant with the Resources Community at the Malaysian Institute of Asia HRD Awards. Accountants. In 2005, she attained her Master of Business Moi Lan participated in all the Degree from University of five Board meetings held during Newcastle, Australia. the year ended 31 December 2017 and does not hold any Moi Lan was appointed as the other directorships in public Chief Operating Officer of the companies. Group on 27 February 2009 and assumed her responsibility as She has no family relationship Chief Executive Officer of the with any director and/or major Group on 1 January 2012.