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091
Corporate
Governance
Gamuda Berhad (29579-T)
Annual Report 2013
Directors’ responsibility statement
The Directors are required by the Act to prepare financial
statements for each financial year in accordance with
the applicable approved accounting standards and give
a true and fair view of the state of affairs of the Group
and Company at the end of the financial year and of the
performance of the Group and Company for the financial
year.
In preparing the financial statements, the Directors have:
• applied appropriate and consistent accounting
policies;
• made judgements and estimates that are reasonable
and prudent;
• ensured that all applicable accounting standards have
been followed; and
• prepared financial statements on the “going concern”
basis as the Directors have a reasonable expectation,
having made enquiries, that the Group and Company
have adequate resources to continue operations for
the foreseeable future.
The Directors have responsibility for ensuring that the
Company keeps accounting records, which disclose with
reasonable accuracy the financial position of the Company
and the Group, which enable them to ensure that financial
statements comply with the requirements of the Act. The
Directors have overall responsibility for taking such steps
as are reasonably available to them to safeguard the
assets of the Group to prevent and detect fraud and other
irregularities.
Disclosure practice
The Board recognises the importance of prompt and timely
dissemination of accurate and sufficient information
concerning the Company and its Group to shareholders,
investors and other stakeholders to enable them to make
an informed decision.
The Company’s practice is to release all announcements,
material and price sensitive information in a timely
manner to Bursa Securities as required under the Main
Market Listing Requirements of Bursa Securities as
well as to release the Company’s updates to the market
and community through the Company’s website, media
releases and other appropriate channels.
The Group Managing Director and/or the Finance Director
evaluate(s) the release of all major communications to
investors or Bursa Securities.
Relationship with Shareholders and Investors
Relations with shareholders and investors
Communication with shareholders and investors is of
considerable importance to the Company. As part of its
corporate governance initiatives, the Board has set up a
full-time Investor Relations (“IR”) unit which primary role
is to implement and execute effective IR policies and
programmes.
The Company implements an active IR programme
aimed at fostering high quality relationships, as well as
building up trust and credibility with the broad investment
community. The Group Managing Director and/or the
Senior Group General Manager, Investor Relations are
primarily responsible for all IR activities.
Gamuda remains a Corporate Member of the Malaysian
Investor Relations Association (MIRA) and continues to
actively support its IR objectives.
Key IR activities during the year include holding
regular investor briefings immediately after releasing
the quarterly results and at other appropriate times
during the year. Other activities include participating in
international and domestic investor conferences, going
on marketing roadshows, hosting teleconferences,
responding to email and telephone enquiries, catering to
the numerous requests for private meetings by investors
and analysts, and organising trips for investors to visit
our overseas and domestic project sites.