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
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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 2020
QL Corporate Governance Report

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31 March 2019
QL Corporate Governance Report

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31 March 2018
QL Corporate Governance Report

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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.

Code Of Business Ethics And Conduct Download
Code Of Business Ethics (Suppliers And Business Associates) Download
Occupational Safety, Health & Environment Policy Download
Environmental Policy Download
Human Rights & Labor Practice Download

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

Anti-Bribery Policy
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Remuneration Policy For Directors and Senior Management
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Corporate Disclosure Policy
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Policy On Non-Audit Services Provided By External Auditors
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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​
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Contact Information
 
Prescribed Person: Executive Chairman
 
Prescribed Person: Group Managing Director
 
Prescribed Person: Independent Director
 
Prescribed Person: Audit Committee Chairman

Enterprise Risk Management (ERM)​

1. ERM Framework

The Group’s Enterprise Risk Management (“ERM”) framework has been set up in accordance with the Malaysian Code on Corporate Governance 2017 to ensure that there is an on-going process of identifying, evaluating, and managing significant business risk exposure.

Based on the internationally recognized COSO (Committee of Sponsoring Organizations), risk factors are incorporated into the risk register and individually rated as High, Significant, Moderate or Low risk. The rating process is guided by a matrix of ‘possibility of likelihoods’ and the associated ‘consequences’, of which both financial and non-financial consequences are duly considered. Thereafter, owners of these risk factors will drive the implementation of risk mitigation measures towards achieving a residual risk that is within the acceptable tolerance.

2. Risk Management

The Group has a Risk Management Department (“RM”), led by the Group Risk Management Manager. The RM facilitates and supervises the implementation of the ERM framework and processes by the respective business units. The RM reports functionally to the Risk Management Unit (“RMU”) and Risk Management Committee (“RMC”).

In addition, there is an internal audit function which is performed by an independent professional consulting firm. Scheduled internal audits are carried out based on audit plan approved by the Audit Committee. The internal audit reports, summarising the observations of control weaknesses, recommendations for improvement and Management responses were presented to the Audit Committee on a quarterly basis. 

3. SORMIC Reports

SORMIC Report
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SORMIC Report
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SORMIC Report
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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.