Corporate Governance

QL’s corporate governance framework is built on the philosophy of stewardship.

Integrity, transparency and accountability are the cornerstones that guide us. These values are underscored by our commitment to our mission of providing nourishing products from agro resources, constantly refining our processes to increase efficiency, and benchmarking our performance via regular analysis.

We uphold ethical practices in all that we do, and hold self accountable to meet the set standards.

The Board’s stewardship and discharge of duty is fundamental in safeguarding and enhancing shareholders’ value, as well as the holistic performance of the Group.

This Board Charter defines the respective roles and responsibilities, and functions of QL’s Board of Directors, both individually and collectively, in setting direction, management and control of the organisation.

Board Charter
Download

QL periodically reviews our practices with reference to the Malaysian Code on Corporate Governance 2017. Evaluation of the Board’s performance are conducted to promote continued good governance. To perpetuate the Group’s vision of creating value for all, we take it upon ourselves to monitor the performance and commit to improving it for shareholders’ benefit.
31 March 2023 QL Corporate Governance Report Download
31 March 2022 QL Corporate Governance Report Download
31 March 2021 QL Corporate Governance Report Download

Policy & Guidelines​

Shining the path of Corporate Governance is our Policy and Guidelines developed and refined through the years of our operations.  

These policies are reviewed regularly and updated as and when the regulators and governing bodies introduce new amendments.

Sustainability Policy
Download
Code Of Business Ethics And Conduct
Download
Code Of Business Ethics (Suppliers And Business Associates) Download
Supply Chain Policy
Download
Environment Policy
Download
Climate Change Policy
Download
Occupational Safety & Health Policy
Download
Human Rights & Labour Practice
Download
Board and Senior Management Diversity Policy
Download
Responsible Marketing and Advertising Policy
Download

QL has implemented policies and procedures to prevent corrupt practices under section 17A of the Malaysian Anti-Corruption Commission Act 2009.

Anti-Bribery Policy
Download

Data Privacy and Security Policy
Download

Remuneration Policy For Directors and Senior Management
Download

Corporate Disclosure Policy
Download

Policy On Non-Audit Services Provided By External Auditors
Download

QL has a zero-tolerance policy in all our dealings internally and externally. The Board of Directors is committed to ensure QL fosters an environment in which integrity and ethical behaviour thrive. This is achieved through an independent, dedicated channel which allows for the exposure of any violation or improper conduct or wrongdoing within the Group, without repercussion.

An employee who makes a report of improper conduct in good faith shall not be subject to unfair dismissal, victimisation, demotion, suspension, intimidation or harassment, discrimination, any action causing injury, loss or damage or any other retaliatory actions.

Whistleblower Policy​
Download

 

Contact Information

Prescribed Person: Executive Chairman

Prescribed Person: Group Chief Executive Officer

Prescribed Person: Independent Director

Prescribed Person: Audit Committee Chairman
Directors’ Fit And Proper Policy
Download

Enterprise Risk Management (ERM)​

The Group adopted an Enterprise Risk Management Framework which provides foundation and organizational arrangement for managing risk across QL Resource Berhad’s Group of Companies. Internal controls are designed to address and manage the risks identified. Features of the Group’s risk management and internal controls are being disclosed in the Statement on Risk Management and Internal Control (“SORMIC”).

The Board is primarily responsible for overseeing risk management framework of the Group and reviews the effectiveness of the risk management process. The Board has established an ERM Framework that is principally aligned with ISO 31000 : 2018. The ERM Framework provides foundation for managing risks across QL Group of Companies covering the aspects of economic, environment, social and governance risks (EESG).

Risk Management Committee (RMC) is a committee set up by the Board to identify and implement the appropriate systems for overseeing the Group’s principal risks. RMC oversees the Group’s risk management framework, plays different roles from the Audit Committee whereby their respective terms of references are stipulated in the Board Charter.

In addition to the key risks illustrated in the SORMIC, the Board recognised the existence of climate change risk which is being illustrated at https://ql.com.my/climate-change-emissions/

SORMIC Reports

SORMIC Report
Download

SORMIC Report
Download

SORMIC Report
Download

Board Charter

The Board of Directors has formalised its Board Charter as part of its Governance Model Document.

Corporate Governance Report

A comprehensive evaluation of the Board’s performance is periodically conducted to promote continued good governance with reference to the Malaysian Code on Corporate Governance 2017.

Whistleblowing

The Board of Directors is committed to ensure an environment where integrity and ethical behaviour is maintained.

Policy and Guidelines

To perpetuate our vision of creating value for all, we take it upon ourselves to internalise and practise industry best standards.