Latest Statements

Corporate Governance Statement

The Board of Directors of Top Glove Corporation Bhd ("the Board”) is committed to ensuring a high standard of corporate governance is practised whilst pursuing its corporate objectives in enhancing shareholders’ value and competitiveness. The Board is mindful of the importance of governance and acknowledges to continue delivering sustainable performance and instilling best corporate governance practices in building a sustainable business.

Top Glove is honoured to be amongst a select 35 out of over 900 public-listed companies in Malaysia, which are constituents of the FTSE4Good Bursa Malaysia Index, having demonstrated a leading approach to addressing Environmental, Social and Governance (ESG) risks, in accordance to globally recognised standards. The achievement reflects greater recognition of and better adherence to higher sustainability disclosure.

Click to view Corporate Governance Statement 2016.

Statement on Risk Management & Internal Control

The Board is committed to establish a sound, efficient and effective system of internal control covering not only financial controls but also operational compliance and risk management to safeguard Shareholders’ investment and the Group’s assets. There is an on-going review process by the Board to ensure the adequacy and integrity of the system. Such a system is designed to identify and to manage the Group’s risk within the acceptable risk profile, rather than eliminate the risk of failure. Accordingly, the system can only provide reasonable and not absolute assurance against material misstatement, loss or fraud.

Click to view Statement on Risk Management and Internal Control 2016.

Audit Committee Report

The Audit Committee ("AC”) of Top Glove Corporation Bhd is pleased to present the AC Report for the financial year ended 31 August 2016 ("FY2016”).

The Audit Committee’ Terms of References outline the objectives, duties and responsibilities and parameters within which the authority is delegated to the Committee.

Click to view Audit Committee Report 2016.

Codes & Policies

Directors' Code of Conduct

The Company has adopted the following Code of Conduct ("Code”) for Directors to reflect the underlying values and commitment to lay standards of trust, integrity, responsibility, excellence, commitment, dedication, diligence and professionalism contributing towards the social and environmental growth of the surroundings in which Top Glove operates.

Directors are to adhere to, comply with and uphold the provisions of the code in carrying out their day-to-day functions.

Click to view Directors' Code of Conduct.

Employee’s Code of Conduct

The Company has adopted the following Employee Code of Conduct ("Code”) for employees to reflect the underlying values and commitment and dedication, diligence and professionalism contributing towards the social and environmental growth of the surroundings in which Top Glove operates.

The Company’s professionalism, honesty and integrity must at all times be upheld in the Company’s business dealings with:

  1. customers;
  2. vendors;
  3. suppliers and contractors;
  4. government and regulators;
  5. investors;
  6. the business community as a whole; and
  7. in the relationship of its own employee.

Click to view Employees' Code of Conduct.

Succession Planning Policy

A Succession Planning Policy is developed to ensure the stability and accountability of the organization by preparing for an eventual permanent change in leadership, either planned or unplanned, so as to ensure continuity support in operation and service when the Executive Chairman, Senior Management or key business leader leave their positions.

Click to view Succession Planning Policy.

Corporate Disclosure Policy

As a public listed company, Top Glove Corporation Berhad and its subsidiaries are committed to provide accurate, timely, consistent and fair disclosure of corporate information to enable informed and orderly market decision by investors. This information is directed to a diverse audience of shareholders, stakeholders and the public generally.

Click to view Corporate Disclosure Policy.

Board Diversity Policy

The Board Diversity Policy aims to set out the principles of Top Glove to maintain a Board with a diversity of directors.

Click to view Board Diversity Policy.

External Auditors Assessment Policy

The External Auditors Assessment Policy outline the guidelines and procedures for the Committee to assess and review the External Auditors.

Click to view External Auditors Assessment Policy.

Senior Independent Non-Executive Director

Senior Independent Non-Executive Director

To Be Updated

Postal Address:
Level 21, Top Glove Tower,
16, Persiaran Setia Dagang,
Setia Alam, Seksyen U13,
40170 Shah Alam, Selangor

Responsibilities:

  • Serve as a designated contact for consultation and direct communication with shareholders on areas that cannot be resolved through normal channels of contact with the Chairman;
  • Serve as the principal conduit between the Independent Non-Executive Directors ("INEDs”) and the Chairman on sensitive issues;
  • Ensure all INEDs have the opportunity to provide input on agenda, and advise the Chairman on quality, quantity and timeliness of the information submitted by the management that is necessary or appropriate for the INEDs to perform their duties effectively;
  • Consult Chairman regarding Board meeting schedules to ensure INEDs can perform their duties responsibly and with sufficient time for discussion of all agenda items; and

Charters and Terms of Reference

Board Charter

The Board of Directors is accountable and responsible for the performance and affairs of the Company, including practising a high level of good governance. All Board members are expected to show good stewardship and act in a professional manner, as well as upholding the core values of integrity and enterprise with due regard to their fiduciary duties and responsibilities.

Click to view Board Charter.

Internal Audit Charter

Internal Audit’s role is to assist the Board, Audit Committee and Management in the effective discharge of their responsibilities in establishing cost-effective controls, assessing risks, recommending measures to mitigate those risks and assuring proper control and governance process.

Click to view Internal Audit Charter.

Terms of Reference of Audit Committee

The Audit Committee’s Terms of References outline the objectives, duties and responsibilities and parameters within which the authority is delegated to the Committee.

Click to view Audit Committee TOR.

Terms of Reference of Nomination Committee

The Nomination Committee’s Terms of References outline the objectives, duties and responsibilities and parameters within which the authority is delegated to the Committee.

Click to view Nomination Committee TOR.

Terms of Reference of Remuneration Committee

The Remuneration Committee’s Terms of References outline the objectives, duties and responsibilities and parameters within which the authority is delegated to the Committee.

Click to view Remuneration Committee TOR.

Terms of Reference of Risk Management Committee

The Risk Management Committee’s Terms of References outline the objectives, duties and responsibilities and parameters within which the authority is delegated to the Committee.

Click to view Risk Management Committee TOR.

Terms of Reference of Investment Committee

The Investment Committee’s Terms of References outline the objectives, duties and responsibilities and parameters within which the authority is delegated to the Committee.

Click to view Investment Committee TOR.

Memorandum and Articles of Association

M&A

The Memorandum and Articles of Association of the Company outlines the objects, capacity, rights, powers and privileges of the Company and the rules and regulations governing the conduct of its business.

Click to view Memorandum and Articles of Association.

 
 

Related Awards

Malaysia-Asean Corporate Governance Awards 2016
[Categories: Merit Award for Most Improved & Industry Excellence - Manufacturing]

Top Glove emerged a winner at the prestigious Malaysia-Asean Corporate Governance Awards 2016 in 2 distinct categories, for our commitment to upholding transparency and good corporate governance.

ASEAN Corporate Governance Outstanding Achievement Awards 2015

In recognition of our commitment to the highest standards of corporate governance, Top Glove was named one of the Top 2 Publicly Listed Companies with Outstanding Achievement, at an award ceremony held in Manila

FTSE4Good Bursa Malaysia Index

Top Glove is honoured to be amongst a select 35 out of over 700 public-listed companies in Malaysia, which are constituents of the FTSE4Good Bursa Malaysia Index, having demonstrated a leading approach to addressing Environmental, Social and Governance (ESG) risks, in accordance to globally recognised standards.