Company Background

Is
the
largest
electricity utility in
Malaysia and one of
the largest in the
region.
Is
also
the
most
experienced energy player
in the country, responsible
in keeping the lights on
for
all
residents
of
Peninsular Malaysia, Sabah
and Labuan.
Generation Division :
Operates
six
thermal
power stations and three
major hydroelectric power
generating schemes in
addition to supporting the
operations
and
maintenance
of
three
Independent
Power
Producers (IPPs).

Transmission
Division :
Connects
power
generated by TNB and
IPPs
throughout
Peninsular Malaysia with
Distributions network as
well as directly to large
industrial customers via
the National Grid.

The
core
businesses
span the entire value
chain
of
electricity
production
&
supply
encompassing
Generation,
Transmission
&
Distribution.

Distribution Division
:
Supplies end users,
with a keen focus on
delivering a world-class
customer experience

FOUNDED :
1990

SECTOR :
ENERGY

CHAIRMAN :
TAN SRI LEO
MOGGIE
VISION :
To Be Among
the Leading
Corporations in
Energy and
Related
Businesses
Globally

MISSION :
We Are
Committed to
Excellence in
Our Products
and Services

An investment holding
company, engages in the
design, manufacture,
promotion, marketing,
distribution, wholesale, and
retail.

It operates a network of
approximately 1,400 sales
outlets and 170 boutiques in
Malaysia, Singapore, China,
Taiwan, Japan, Vietnam,
Thailand, Myanmar,
Cambodia, Indonesia, Brunei,
Oman, Kuwait, and the
Kingdom of Saudi Arabia.

The products involved of

branded leatherwear,
footwear, apparel, and
fashion accessories for men
and women.

It is also involved in the

investment, development,
management, and rental of
commercial properties;
interior design, advertising,
and promotion, as well as
product design, research, and
development activities

FOUNDED
:
1977

VISION :
BONIA Group will
have the most
desirable brands
in the fashion
industry which
will be relevant
to all
generations.

CHAIRMAN :
MR CHIANG
SANG SEM

MISSION :
To be
recognized as
an international
luxury brand
with excellent
customers
satisfaction.

SIMILARITIES :

CORPORATE
GOVERNANCE

Board
Responsibili
ties

The Board plays pivotal role in leading and managing the

Group with the ultimate objective of realising long-term
shareholder value and guided by its Board Charter which
sets out the Boards roles, powers, duties and functions.
Example of responsibilities and roles of the Board, such
as, review and adopt the overall strategic plans and
programmes and oversee and evaluate the conduct of
businesses of the Company and Group,

Board
Committees

The Board may from time to time establish

appropriate committees and delegate specific
duties to such committees as the Board deems fit.
Such committees shall operate within their own
defined charters that are approved by the Board.

Supplying
information

The Board is furnished with comprehensive data and

information of a quality in a timely manner, accurately
and clearly information to enable it to discharge its
duties and responsibilities efficiently and effectively.
Thus, it has separate and independent access to
information to assist it with its deliberations.

Board
Commitmen
t

All Board has devoted his/her time sufficiently in

carrying out his/her responsibilities.
A Director upon acceptance of his appointment
must commit sufficient time to carry must commit
sufficient time to carry out his duties.

Remunerati
on
Framework

The Board reviews the overall remuneration policy

of the Non-Non-Executive Directors, Executive
Director and Top Management.
The objective is to attract, retain and motivate
executives and Directors who will create
sustainable value and returns for the Companys
members and other stakeholders.

Continuous
Professional
Developmen
t

The Board is aware that continuous training for the

Directors is vital to assist them in discharging their duties
effectively.
The Board encourages the Directors to attend appropriate
external programmes on subject matters that aid the
Directors in the discharge of their duties, at the
Companys expense subject to the Directors entitlement.

DIFFERENCES
TNB

BONIA

BOARD COMMITMENT
The Directors meets at least 4 it contained about the type
committee involved.
times per financial year, with the
- Board Audit Committee
additional meetings convened as
- Board Finance and Investment
and when necessary upon notice
as provided by the Companys
Committee
Articles of Association,
- Board Tender Committee
To deliberate and consider various
- Board Nomination and
Remuneration Committee
matters of the Group within the
- Board Risk Committee
scope of the Board.

of

- Board Long Term Incentive Plan

Committee
- Board Disciplinary Committee

NOMINATION AND ELECTION OF BOARD MEMBERS

stated about the re-election and reappoinment of the Directors.
The description is about the Directors
that may re-election after retire from
the office

not mention of re-election, but stated

about the nomination and election of
the Board Members.
The Board as a whole will determine
and nominate individuals for election
to the Board by the shareholders.

COMPOSITION OF THE BOARD MEMBERS

10 members, one (1) Executive 6 Executive Directors, 3 Independent
Director and nine (9) Non-Executive Non-Executive
Directors
and
an
Directors, of whose six (6) are Alternate Director on the Board
Independent Directors.

INVESTOR RELATIONS AND SHAREHOLDER COMMUNICATIONS

not disclosed

The
Company
recognises
the
importance of keeping its shareholders,
investors and stakeholders informed of
the Groups performance and corporate
developments.
It also contained about the shareholder
communication,
which
is
the
shareholders have direct access to the
Board and are given opportunity to
discuss about the related resolutions.

CODE OF ETHICS
Board of Directors is guided by a high Not disclosed
standard
of
ethical
conduct
in
accordance with the Code of Ethics for
Company Directors as established by
the
Companies
Commission
of
Malaysia. TNBs Code of Ethics defines
how TNB relates to its shareholders,
employees, customers, suppliers and

conclusion
It is related to the size of the company, the level of leverage in the
company and the international listed company.
This is due to the findings on the differences and similarities in disclosure
of non-financial information between Tenaga Nasional Berhad which
representing the energy sector and Bonia Corportaion Berhad is
representing the retail product sector.
Tenaga Nasional Berhad (TNB) disclosed more in the statutory
requirement, corporate governance, corporate social responsibility and as
well as the environmental issue as compared to Bonia Corporation Berhad.
This is due to the high possibility that TNB is a big size company which
currently has the authorized share capital of RM 10,000,000,000 and their
current share price is RM 13.96.
While Bonia Corporation Berhad is a public listed company with the
authorized share capital of RM RM250,000,000 and with the current share
price of RM0.55.
However, both of this company really followed the statutory requirement
in disclosing their annual report.
Even though they represent different sectors, the difference that we had
found in their annual report is very limited.