Corporate Governance Overview Statement
Upholding the highest standards of corporate governance for sustainable growth and shareholder value.
The Board of Directors (the Board) is committed to ensure that the highest standards of corporate governance are practised throughout Zelan Berhad (Zelan or the Company) and its subsidiaries (collectively referred to as the Group). The Board believes that strong corporate governance is essential in enhancing shareholders’ value and for long-term sustainability and growth.
Corporate Governance Framework
The Group corporate governance framework is premised upon the following statutory provisions, best practices, rules and guidelines:
- Companies Act 2016 (the Act)
- Main Market Listing Requirements (MMLR) of Bursa Malaysia Securities Berhad (Bursa Malaysia)
- Malaysian Code of Corporate Governance (the Code)
Key Principles
The Board is pleased to present this overview statement, which sets out a summary of the Group’s corporate governance practices during the financial year (FY) ended 31 December 2024 (FY2024) based on the following three (3) key principles of the Code:
Board Leadership and Effectiveness
Ensuring strong leadership and effective board oversight of the Group’s operations and strategic direction.
Effective Audit and Risk Management
Maintaining robust audit processes and comprehensive risk management frameworks.
Integrity in Corporate Reporting
Ensuring transparency in reporting and building meaningful relationships with stakeholders.
This statement is to be read together with the company’s Corporate Governance Report 2023, which is available on the Company’s website at www.zelan.com.my and Bursa Malaysia’s website.