corporate governance
PETRONAS GAS BERHAD
PETRONAS Gas Berhad (PGB) has been in business for 30 years and is still growing strong. Since its incorporation in 1983, PGB’s business has vastly expanded in spite of challenges faced. Today, PGB has prospered as Malaysia’s leading gas infrastructure and utilities with business presence throughout the country.
ORGANISATIONAL STRUCTURE
Definition of corporate governance
“…is the process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long term shareholder value, whilst taking into account the interest of other shareholders”.
The Board of Directors (Board) of PETRONAS Gas Berhad in this Corporate Governance Statement complies with paragraph 15.25 of the Main Market Listing Requirements (MMLR) and applied in full the Principles of Corporate Governance and the Best Practices in Corporate Governance as set out in the Malaysian Code on Corporate Governance.
Principle 1: Establish Clear Roles and Responsibilities
The chairman leads the Board, and the President and Group Chief Executive Officer (CEO) leads the executive management of the Company and provides direction for the implementation of the strategies and business plan as approved by the Board and the overall management of the business operations Groupwide.
The Board of Directors (Board) of PETRONAS Gas Berhad recognizes that its primary responsibility is to safeguard and promote the interests of shareholders and to enhance the long term value of the company. PETRONAS believes that good Corporate Governance is fundamental to ensuring the organization competitiveness, growth and sustainability. Certain functions are delegated to Board Committees consisting of Non – Executive Directors.
The Board of Directors is entrusted with the responsibility to exercise reasonable and proper care of the company’s resources for the best
PETRONAS Gas Berhad (PGB) has been in business for 30 years and is still growing strong. Since its incorporation in 1983, PGB’s business has vastly expanded in spite of challenges faced. Today, PGB has prospered as Malaysia’s leading gas infrastructure and utilities with business presence throughout the country.
ORGANISATIONAL STRUCTURE
Definition of corporate governance
“…is the process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long term shareholder value, whilst taking into account the interest of other shareholders”.
The Board of Directors (Board) of PETRONAS Gas Berhad in this Corporate Governance Statement complies with paragraph 15.25 of the Main Market Listing Requirements (MMLR) and applied in full the Principles of Corporate Governance and the Best Practices in Corporate Governance as set out in the Malaysian Code on Corporate Governance.
Principle 1: Establish Clear Roles and Responsibilities
The chairman leads the Board, and the President and Group Chief Executive Officer (CEO) leads the executive management of the Company and provides direction for the implementation of the strategies and business plan as approved by the Board and the overall management of the business operations Groupwide.
The Board of Directors (Board) of PETRONAS Gas Berhad recognizes that its primary responsibility is to safeguard and promote the interests of shareholders and to enhance the long term value of the company. PETRONAS believes that good Corporate Governance is fundamental to ensuring the organization competitiveness, growth and sustainability. Certain functions are delegated to Board Committees consisting of Non – Executive Directors.
The Board of Directors is entrusted with the responsibility to exercise reasonable and proper care of the company’s resources for the best