Extracted from Annual Report 2017
The Board of Directors (“the Board”) of Freight Management Holdings Bhd (“FMHB”) is committed to ensure that the highest standards of corporate governance are practised throughout the Group as a fundamental part of discharging its responsibilities to enhance shareholders’ value and the financial performance of the Group.
The Board is pleased to report on how the Group has applied the principles and best practices for corporate governance mentioned in the Malaysian Code of Corporate Governance 2012 (“MCCG 2012”)
The Board of Directors (“Board”) is primarily responsible for ensuring that Freight Management Holdings Berhad (“Freight”) has an appropriate corporate governance structure to ensure the creation and protection of shareholders’ value.
The Board is also responsible for ensuring that management recognises Freight’s legal and other obligations to all legitimate stakeholders. “Stakeholders” are groups that are likely to feel a social, environmental, economic or financial impact from Freight’s actions. They include shareholders, customers, suppliers, employees, government regulators and members of the communities where Freight and its subsidiaries (the “Group”) operates and are affected by the Group’s activities.