As a government-linked private equity fund management company, Ekuinas is fully committed to transparency and as such, it subscribes to the relevant and applicable principles of the corporate governance requirements. However, Ekuinas is not a listed entity and, therefore, is only encouraged to comply with the corporate governance disclosure requirements set out by Bursa Malaysia Securities Berhad (Bursa Malaysia) or the Malaysian Code on Corporate Governance.
The Board and Management of Ekuinas are committed to the highest standards of corporate governance and have implemented the Ekuinas Corporate Governance Framework at the Company level, while advocating good governance practices within that Framework to all portfolio companies.
A pragmatic corporate governance framework has been developed, approved by the Board and adopted by Ekuinas based on the following principles:
To promote greater transparency, accountability and responsiveness
To reinforce long term value creation and strike a balance between risks and returns
To encourage innovation and entrepreneurship within the Company through efficient oversight and risk management framework
As part of best practice in good corporate governance, the Board has adopted a Governance Charter that delineates the key governance principles to be adhered to by the Board and the Company. The charter addresses, among others, the following matters:-
The adopted Governance Charter sets out the key values, principles and ethos of Ekuinas. In this regard, the Governance Charter serves not only as a reminder of the Board’s roles and responsibilities, but also as a general statement of intent and expectation as to how the Board will discharge their duties.
To assist the Board in efficient discharge of its responsibilities in providing independent oversight of the Company’s management, a number of board committees (Board Committees) have been established, as set out below:
In relation to nomination, its responsibilities includes the following:
In relation to remuneration, its responsibilities shall include the following:
The Investment Committee is made up of members of the Senior Management of the Company and two Independent Non-Executive Directors. This structure is common practice in most private equity organisations to ensure investment decisions can be made on a timely basis with adequate oversight, strong commitment and accountability from the investment professionals.
The key responsibilities and functions of the Investment Committee include:
The CSR Committee (CC), which is chaired by an Independent Non-Executive Director and consists of the Senior Management, was established to review and monitor Ekuinas’ CSR programmes and ensure that the Company implements the highest standards of governance and internal control for CSR activities. Management is required to update the CSR activities and programmes as and when required by the CC and/or the Board.
The key responsibilities and functions of the CC include:
The Terms of Reference of the main Board Committees can be downloaded below:
At Ekuinas, we adhere to the highest standards of corporate governance and aim to adopt global best practices throughout our operations.
We also uphold global private equity best practices in ensuring fair and prompt disclosure of information with regard to all investments.
We have formulated a detailed Disclosure Policy which can be viewed here.