sustainability statement - listed company
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MBM RESOURCES BERHAD16
Sustainability Statement
In 2018, MBMR’s sustainability journey started with the
introduction and highlights of a few programmes that have been
implemented. The results may not seem to be very prominent
yet it has one way or another influence the company’s business
progression and helps the cost-saving programmes. Business
progression is key to our sustainability goal. This drives us to
develop our product range and innovate service offerings, expand
our markets globally and increase our engagement with customers
to better meet their needs.
MBMR is committed not only to give the stakeholders better
investment returns but also to provide a safe, secure and non-
threatening living environment to the community and work
atmosphere to its staff. Our employees energise our business
growth. We recompense our people at competitive market
rate and improve their personal and career development by
continuously supporting them through skills development at work
and professional training.
During our first report in 2018, a materiality matrix of issues was
provided and validated by our subsidiaries and combined into a
consolidated matrix of 13 prioritised issues relating to the business
activities of the Group. Subsequently the materiality matters were
approved by the Board and formed the basis of an agreed set of
key performance indicators used to report on our performance.
However our subscription to the materiality matters are still in
preliminary stage. The materiality matters need a more detailed
assessment before it can be disclosed. Due to this, we formed a
sustainability team in every subsidiary to carry out the planning to
form a committee in the Sustainability team to embark on the task.
In general, our business drives within an ecosystem encompassing
the environment and the community. Preserving the quality
of safety, air and land would allow us to operate smoothly and
unhindered. The people trust in the company and have confidence
in the products we carry and the services that are part of
significant measures to us.
We focused on our set targets and the challenges while making
greater efforts to improve our sustainability reporting and
documentation.
OUR SUSTAINABILITY GOVERNANCESustainable management and social responsibility are among our
essential values. They form the base of our work, they guide our
corporate strategy and they will take us into the future.
We believe that sustainable and responsible business increases
our ability to innovate and meet the future – a value-added to the
company. It allows us to identify risks and opportunities early and
opens up the transformation processes we need.
Annual Report 2019 17
SUSTAINABILITY COMMITTEE LEADERS (SUBSIDIARY)
Mr Ngeow Zoo Gin (Autoliv Hirotako Sdn Bhd)
Mr Thean Lip Sung (Hirotako Acoustics Sdn Bhd)
Mr Low Eng Hong & Mr Chai Kin Poh (OMI Group)
Encik Noor Arman Putra bin Mohd Madi (Daihatsu (Malaysia) Sdn Bhd)
Encik Adam Firsham bin Aqil (Federal Auto Holdings Berhad)
The key elements of our sustainability structure include: Our sustainability governance structure development is
progressing as we get more involvement from the subsidiary
members. This development is to ensure the successful
management of ESG issues in the MBMR Group.
Board level - governance and oversight
MBM Resources Berhad’s Board of DirectorsThe Board have the ultimate responsibility for the management, general affairs, direction, performance and long-term success of the company. The Board reviews and monitors various aspect of the governance and other oversight issues.
Sustainability ManagementCommittee
Chief Executive Officer (CEO)The committee led by our Chief Executive Officer (CEO), is responsible for managing and overseeing the progress of all the sustainability strategies and goals.
Leads the integration of sustainability into our business and communications, working with all the business unit head to unlock capacity for business growth.
Chief Sustainability Officer (CSO) Leads our sustainability agenda to drive transformational change across the company and to monitor the progress of sustainability programmes.
MBMR Team – Cross-functional executive team
Reporting directly to CEO and CSO, the team engages leadership across business units, departments and provides further oversight and strategic guidance. This team also mobilised employees to implement strategies. The functions involve operations, marketing, public affairs and communications, human resources, environmental health and safety and investor relation.
Subsidiaries Sustainability Team -leadership - strategic development of our goals
Autoliv Hirotako Sdn Bhd (AHSB)Hirotako Acoustics Sdn Bhd (HASB)Daihatasu (Malaysia) Sdn Bhd (DMSB)Federal Auto Holdings Berhad (FAHB)Oriental Metal Industry (M) Sdn Bhd (OMI)
The team are responsible for the implementation of the strategic development of our sustainability goals. They work together as function leaders and our Sustainability Management Committee.
Sustainability Team Members (Subsidiary based)
The core team that help coordinate daily activities and implement sustainability initiatives. The team play a key role in helping integrate sustainability across the company’s value chain. They are the owner of priority sustainability topics and are responsible for implementing strategies, tracking performance, and engaging employees.
BOARD OF DIRECTORSDatuk (Dr) Aminar Rashid bin Salleh (Chairman)
Mr Low Hin ChoongMr Ng Seng Kong
Dato’ Anwar bin Haji @ AjiEncik Muhammad Lukman bin Musa @ Hussain
Ms Wong Fay Lee
CHIEF EXECUTIVE OFFICER (CEO)Dr Muhammad Iqbal bin Shaharom
MBM RESOURCES BERHAD’S SUSTAINABILITY COMMITTEE TEAM
Ms Edawati Heli Ms Rohaida Abd Rashid
AUTOLIVHIROTAKO
HIROTAKO ACOUSTICS
OMI GROUP
DAIHATSU MALAYSIA
FEDERAL AUTO
HOLDINGS
Mr Vellayadevan
Muthiah
Ms Ong
Soon Yee
Encik Muhammad Radzi Ahmat
Suhaimi
Encik Muhamad
Ramzi Zahir
Ms Janet Chong Mung Wooi
Ms ChristineTheresa
Ms Ruby Teh
Mr Choo Chuon
Kong
Encik Wan Mohd Amir Wan Norazmee
Mr Andy
Carlson Anak Granger
Ms Arnie
SyuhaidaMd Zelan
Encik Rosli bin
Idris
Ms Azierah Deezie
Encik Muhammad
Fahmi Norrizan
Encik KhairilAshraf Ismail
MBM RESOURCES BERHAD18
SUSTAINABILITY STATEMENT
OUR SUSTAINABILITY GOALSEnvironmental
We recognise the importance of environmental protection for
the long term sustainability of our businesses. As highlighted
in our previous report, our materiality matters showed that the
most immediate issues within our own operations are related
to resource use and the impact of the consumption of energy,
water and waste generation. MBMR Group of companies
mainly operate in industrialised zones in Shah Alam, urban
primary areas in Kuala Lumpur and few other states in Malaysia.
Therefore, our significant target is to minimise carbon footprint,
reduce energy consumption, lower water impact and improve
waste management.
ENERGY SAVINGElectricity consumption is the largest direct source of carbon
emissions by the Group and we are committed to manage and
reduce our energy usage. We target to achieve at least 5%
electricity consumption for 2020 and committed to continue to
monitor the conservation of energy. While working on assessment
on carbon footprint, our Group of companies continue to initiate
energy saving activities such as:
• Change use of normal lightings to LED.
• Scheduled maintenance inspection to reduce high energy
consumption during start up.
• Electricity consumption control within the company by
implementing timer switches.
• Implementation on solar panel investment.
In our previous report, we have disclose the total consumption and
savings from some of the above initiatives and we will continue
to share the details in our full report. As for the initiatives that
are still under planning such as solar panel installation, we plan to
disclose on the investments of the above initiatives, the process,
and the initial outcome of the implementation.
WATER CONSERVATIONAlthough we are well aware that Malaysia are blessed with an
abundance of water resources, we still conserve the usage of
water to ensure issues such as water shortages and crisis do not
occur in the future.
Our Group consumed 148,393 cubic metric of water in 2019.
Compared to other industries especially in manufacturing, the
total consumption is still manageable. Management approach in
controlling and monitoring the usage of water for cooling process
at the manufacturing plant is effective and the implementation of
cooling tower and water curtain help in reducing the consumption
as the water can be reused or recycled.
Both sectors in the Group will continue to monitor the water
consumption and continuously strive to lower water usage.
Some of the current water conservation practices in MBMR are:
• Water treatment for manufacturing operations in HASB
and OMI.
• Rain water harvesting at Menara MBMR (monitored by
MBMR Properties Sdn Bhd).
• Water recycling for manufacturing chiller systems.
2,818,1282,881,9322,857,428
2,287,9232,369,811
2,692,816
2,161,896 2,087,940
2,884,464
1,118,2411,564,553
3,136,731
2,572,9692,031,573
2017 2018 2019
1,378,724
AH
SBH
ASB
OM
ID
MSB
FAH
B
Electricity Consumption 2017/2018/2019
Annual Report 2019 19
SUSTAINABILITY STATEMENT
MINIMISING WASTEProper waste management is vital for protection of the
environment and local population health. Packaging and waste
have become an increasingly important material issue as
consumers and businesses are finding ways to minimise their
environmental impact. MBMR Group similarly is participating
in implementing strategies to reduce, reuse and recycle waste
and packaging.
Our manufacturing sector uses appropriate technologies to handle
and treat various waste and pollutants in achieving their goal to
minimise waste. Minimising waste include many different kinds of
support and our people are working together to ensure that the
minimising waste programme is implemented accordingly.
These are some of the initiative that has been carried out
throughout the year:
• Ban of plastics usage.
• Reusing discards.
• Comprehensive recycling.
• Reduce schedule waste.
• Waste water treatment.
• Paper recycling for production of goods.
• Reinforce policies, regulations, incentives and financing
structures to support the implementation.
SOCIALMost companies in Malaysia are facing the same issue in
recruitment and retention of employees. In this challenge, we are
focusing more on creating and maintaining safe workplace and
building an engaging, supportive culture to empower our people.
EQUAL OPPORTUNITYAmidst aggressive competition for talent and manpower, we
stand with the principle of equal employment opportunity and
acknowledged as a diverse and responsible employer by all our
people. We always believe that the company and the business
will be stronger when our workforce reflects the communities in
which we operate.
MBMR practices fair treatment to all our people and commit to
provide our people with a working environment that is free from
discrimination and harassment. Our aim is always to provide
the most efficient and comfortable working environment for
our people.
In general, our workforce reflects the diversity in gender,
ethnicity, religion and culture. This diverse culture is celebrated
by the Group with organising events such as Chinese New Year
dinner, Raya open house and Deepavali open house dinner.
12,61611,1289,483
6,7775,989
4,756
367,746445,120
47,445
52,65452,962
66,326
23,11323,094
2017 2018 2019
16,507
AH
SBH
ASB
OM
ID
MSB
FAH
B
Water Consumption 2017/2018/2019
MBM RESOURCES BERHAD20
SUSTAINABILITY STATEMENT
HEALTHIER WORKPLACEWe believe that our people are the driving force of a strong
business and that a motivated workforce delivers value to
our stakeholders.
Fitness activities have been proven to improve health and
wellbeing as well as foster teamwork and a stronger work culture.
MBMR promotes a healthy lifestyle by encouraging our people
to maintain their fitness through regular exercise and participate
in sports activities organised by the Group. The motivation and
interest furthermore come with encouragement from support
such as venue, equipment and prize sponsorship by the company.
Besides building a healthy community, this encouragement also
indirectly creates healthy competition and fair game which in
practise can make our people more focused on delivering better
results and continuously improving their skills and strategy.
Below are a few of the activities conducted in 2019 by the MBMR
Group:
• Badminton Tournament
• Charity Runs
• Fit Run
• Bukit Gasing Hiking
• Bowling Tournament
• Table Tennis Tournament
To measure the effectiveness of our activities, we plan to view our
employees’ overall health improvement reports from quarterly
health reports from the subsidiaries. This effort will require support
from the Human Resources Departments and the Business Unit
Head. This is part of the improvement plan that we believe will
benefit the company in the long run. The measure shall be able
to justify the returns of the investment in the time, efforts and
amount of support by both employer and the employees.
COMMUNITY ENGAGEMENTOur community engagement campaigns and programmes focused
on creating the awareness of the importance of safety, health,
relationship and environmental conservation.
We are continuously involved in sharing information and are always
looking forward to participate in events that involve educating the
community in topics related to our businesses.
In 2019, we conducted various activities that involved almost all
levels of community – from individuals to government agencies.
We are committed to balance our business needs with the
support for community growth and well-being. So, it is important
to us to take a more strategic approach to planning our future
investment programmes that are linked to our business and areas
of operations. The investment strategy will focus on support
programmes for community safety education, environmental
awareness and health activities.
Although we have yet to establish any specific community
investment, as part of our continuing commitment to improve
the support to our community, we successfully organised our
corporate social responsibility programmes such as KITA Festival,
PINK October, Rohingya Winter Mission 3.0, blood donation
drive, visit to old folks home, donation to Red Crescent Malaysia,
and more in 2019.
Annual Report 2019 21
SUSTAINABILITY STATEMENT
STAFF BENEFITS AND DEVELOPMENTIt is the norm in any organisation that compensation and benefits play a vital role in organisational performance. In MBMR, we always evaluate and assess the employee’s compensation and benefits aspects as we are well aware that this is part of the contributing factor to our business performance.
MBMR Group management has implemented a strategic compensation and benefits scheme to clearly define the salaries grading of new recruitment, incremental scheme of salaries, the method of rewarding and giving incentives, and other indirect reward schemes.
Part of the benefits received by the employees includes skills development and training. Employees within the Group receive training in areas relevant to their function. Relevant employees receive ongoing training on the latest legal and regulatory requirements such as updates to the Employment Act, Company Act and MACC Act.
Trainings always take place as priority in MBMR Group. We encourage our people to keep themselves efficient by upgrading their skills, education level and even general knowledge of new areas of their interest.
Our full report will share on the outcome of the trainings and how the trained employees share their knowledge and training experiences with their colleagues. In one of our sustainability effort – staff retention and development, it is a must for the staff to upgrade their skills and knowledge that are related to their work. On yearly basis, each department’s heads are encouraged to set training targets for their subordinates and work on the
financial planning for management approval.
MINIMISING INJURIESNothing is more important than the safety and health of our
people. We ensure everyone is well educated and committed to
minimising injuries in the workplace.
We aim to foster a risk-adverse working environment, eliminate
safety hazards and target zero fatalities all across our Group.
It is not only the management’s responsibility but also that of
the people involved in achieving this goal. MBMR strive to
ensure that our people understand that they have a share in this
responsibility and everyone is accountable for not only their
personal health and safety but also their colleagues.
In related to the above, we always keep our people reminded,
educated and at all times aware of the hazards around them at the
work place. The reminder, education and awareness continues
and are scheduled in advance on a yearly basis.
• Health screening and blood donation program.
• Distribute a N95 mask to all DMM’s outlets.
• Organise safety talk such as Fire Prevention program.
• Ensure that all facilities are well maintained and safe to be used.
• Forklift training for the manufacturing sector.
• Chemical spillage audit.
• Fire drill training.
• Safety campaign by NIOSH.
• Safety DOJO visit by Autoliv.
• CPR and AED training.
• Monthly audit for fire equipment and first aid.
MBM RESOURCES BERHAD22
SUSTAINABILITY STATEMENT
OUR STAKEHOLDERSAs a business entity, we operate within the regulatory parameters in the countries which we conduct business, and the general community
at large. As such, our stakeholders are as follows:
ShareholdersBetter Investment
Returns
EmployeesBetter Benefits and
Compensation
CommunityContinuous Support in Educating the People
Around UsCustomersTo Be More
Customer Centric
SuppliersMore Business Opportunities with Fair Deals
ContractorsFair Negotiation
and BusinessOpportunities
Business PartnersBetter Future Business
Engagement
GovernmentAgencies
Continuous Support in Protecting the
Environment and Sharing Our Prosperity
Stakeholders
Our goals are to:
Our Shareholders• Continuous effort to maintain long-term stability and growth in
shareholder value and return on investment, and to enhance the
competitive position of our business.
• Investing to build on and preserve the value of our assets,
capabilities and relationships.
• Responsible management of our investment and business risks.
• Recognition of the importance of social and environmental
issues to our shareholders and our shared values.
• True, fair and complete disclosure of the financial position and
operating performance of MBMR group.
Our Employees• A work environment free of harassment or discrimination based
on gender, physical or mental state, race, nationality, religion,
age, family status or sexual orientation, or any other attribute
recognised by the laws of the country.
• A culture of respect, trust and mutual understanding fostered
through open, two-way communication, positive encouragement
of employees’ participation in discussions and willingness to discuss
problems and concerns raised at any level in the organisation.
• Opportunities for learning and professional and career
development.
• Remuneration structures that provide fair rewards for
contributions made, together with retirement and health care
benefits.
• Objective performance assessments and decisions with clearly
articulated performance goals and expectations.
• Recognition and rewards for excellence in individual and team
performance.
• A safe, healthy and productive work environment, complemented
with the necessary training, equipment and support.
• Safeguards for the privacy of personal data and employee records.
• Encouragement of work-life balance.
Annual Report 2019 23
SUSTAINABILITY STATEMENT
Our Communities• Earning the acceptance of the communities in which
we operate.
• Contribution to the development of sound government
policies and laws that balance the social, economic and
environmental needs of the communities we serve.
• Participation in public education on safety and
environmental related issues.
• Active engagement in activities in the community.
Our Customers• Safe, reliable and cost-effective products and services
to customers.
• Continuous improvement in the value of our services.
• Delivery of customer service pledges and regulatory
requirements.
• An effective response to customer needs and
preferences concerning our products and services.
Our Business Partners and Suppliers• Impartial business decisions made without conflict of
interest or undue influence.
• Safeguards against bribery and unethical behaviour
and practices.
• Exchange of experience and knowledge for
mutual benefits.
• Long-term, mutually beneficial relationships.
STAKEHOLDER’S ENGAGEMENTAs a public listed company, we interact with numerous
stakeholder groups at national level. Stakeholder
engagement is one of the aspects that are managed and
considered as part of an important ingredient for the
successful mission in any of MBMR’s developments. We
engage our stakeholders to understand their diverse and
evolving expectations and incorporate that understanding
into our business strategies.
Our consistent adoption of a transparent approach to our
investor’s relation efforts continues with events, meetings
and visits by the community.
Events Description Frequency
Annual General Meeting (AGM)
Yearly meeting with the members or shareholders was held on 24 May 2019 at The Royale Chulan Hotel, Damansara. During the meeting a presentation of the company’s financial performance and other activities was reported by the CEO, Dr Muhammad Iqbal bin Shaharom and new Board Members were elected. We also shared our future plans during this meeting to ensure our stakeholders are aware of the business developments.
Once a year
Analyst Briefing
Two briefings organised simultaneously with the release of our quarter 2 and quarter 4 results to Bursa Malaysia. The briefings attended by financial analysts, fund managers and research analysts to gain further insight and review of the presented results.
Twice a year
Events with Authorities
Events organised with the local authorities and regulators in sharing our knowledge with the community. The list of events shared in our community engagement is in this report.
Occasional
New Outlets Launch and Media Relation
The media involvement in our Group are important as they are the main channel for our media coverage on any events we organise. In 2019, we launched a new centre in the Northern region of Malaysia as part of our business expansion plan.
Occasional
Websites and Email
Our website - www.mbmr.com.my, provides information on the company’s subsidiaries, business partners, associates and updated information on our business performance. We formed a team to monitor the updates and progressively enhance the website on a timely manner.Currently, we are in the midst of updating our website and looking forward to a new look in 2020.We also can be reached at contact@mbmr.com.my to ease our investors, suppliers, contractors and the community to communicate with us.To ease our monitoring on the whistleblowing matters we created a new email especially for community that have any disclosure related to inappropriate practices occurring within the MBMR Group. We can be reached at info@mbmr.com.my.
Progressively
MBM RESOURCES BERHAD24
SUSTAINABILITY STATEMENT
MATERIALITY MATTERSOur focus in 2018 was to define the materiality matter
and to set the sustainability target for 2021. As part
of the process to derive this report, as well as to go
one step further and define the reference points for
a comprehensive sustainability strategy, in July 2019,
we conducted a sustainability workshop, bringing
together the internal company perspective with that
of MBMR’s broad range of external stakeholders.
The workshop shares the details of sustainability
reporting and the importance of sustainability. During
the session, we held a discussion on which topics
carried the highest relevance for MBMR at that point
in time and the topics set to gain importance in the
future. The structured workshop included Business
Unit Heads, Human Resources, Internal Auditors,
and Operation Departments of all subsidiaries,
Finance and Procurement and Risk Management.
Input and feedback received throughout 2018 in
various interactions with customers, employees,
investors, regulators, and other external stakeholders
was incorporated into the discussion. The outcome
was summarised, verified with senior management,
and fed into the resulting materiality matrix. The
comprehensive sustainability strategy definition will be initiated in the second
half of 2020.
The details behind each category in the matrix, as well as the reasoning behind
their placement, are described below (see graphic and tables).
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
10% 20% 40% 60% 80% 100% 120%
Innovation
Government/RegulatorsPolicy & GovernanceWaste Management
WaterRaw Materials
Customer Satisfaction
Product Quality
Safety & Health
Employee Relation
Sta� WelfareEnergy
CSR
Significance of Group’s Economic, Environmental and Social Impacts
Influ
ence
on
Skat
ehol
der A
sses
smen
ts a
nd D
ecisi
ons
Material Matters Aspect Included Explanation
Product Quality - Sustainable products- Quality standards- Certifications
Consumer behaviour is changing and resources are becoming scarcer. We are incorporating the questions of how the procurement, production and use of materials can reduce the dispose section in the waste management inverted pyramid. It is also important for us to ensure that our products meet the predetermined standard by the regulatory.
Customer Satisfaction
- Customer relations- Service quality- Feedback
Customers are one of our most important stakeholder and it is crucial for us to maintain an ongoing positive interaction with them to understand their needs and thus provide best-fitting solutions for them. Only with our customers are partners can we create a sustainable impact across the organisation.
Policy & Governance - Corporate governance- Business ethics and
compliance- Human rights
A well-directed, administered and controlled organisation to ensure its stability and the integration of stakeholders’ expectations and interest particularly the corporate governance: independence of the BOD; existence of specific committees.
Raw Materials - Resources management- Alternative materials
All materials are scarce and it is important to well manage the consumption. Scarce of materials also means cost efficiency. Limitation of access to get the materials will cost the materials to be more expensive. Thus, alternative materials are crucial.
Waste Management - Management methods- Regulators requirements
An improper solid waste management system may contribute to a worsening environmental degradation of the community. Management are to ensure procedures comply with the regulators requirements in managing the waste.
Materiality Matrix
Annual Report 2019 25
SUSTAINABILITY STATEMENT
The following topics were identified as being relevant for the business, but carrying a lower materiality encumbrance. We consequently
keep them on our monitoring for future development, while at the same time ensuring that we mark a positive impact in these matters
with concern to the affected stakeholders.
Material Matters Aspect Included Explanation
Corporate Social Responsibility
- Recognition of local communities’ needs in order to create awareness of our products and services and ensure their positive impact
Our production sites do not carry material risks for or have adverse effects on local communities and the direct impact is low. However, engagement with the community and cooperation with them on a local level is important for us to keep our reputation as a good company to the community.
Energy - Usage/consumption- Operation control- Cost effectiveness
Energy related matter still one of the issue that need to be well monitored. Our management is committed to tackle the challenges to reduce consumption and to be more cost effective.
Staff Welfare - Work-life balance- Health and wellbeing
A good organisation should be able to allow the employees to enjoy their freedom to learn and grow. Develop a continuous improvement culture and recognise good work or achievements. Compensating the employees by providing a healthy and happy environment.
Safety & Health - Safe workplace To care about our people who work for the company and to void any risk impacting their health and physical integrity by ensuring a culture of “Safety First” especially in manufacturing sector.
Employee Relation - Employee management- Training and development
The broad spectrum of functions and roles within our business requires efficiency in human resource management process and the possibility to engage, develop and retain employees. Continuous training and skills devel-opment are mandatory to keep the high quality productivity.
Government/Regulators
- Regulators requirements- Compliance issues
Other than taking regulatory requirements as compliance matters, it is also act as guidelines to be aligned to the business efficiency and responsibility.
Innovation - Innovation in new business models
Innovation is the key to business progress, especially in time of economic cri-sis. Embedded innovation in value chain (ie. Idea generation, Development and Implementation).
Water - Water management Our operations are not water intensive. Yet it is important for us to keep monitoring the water management as it is part of the scarce resources. Sus-tainable water is a significant topic for society at large.
MBM RESOURCES BERHAD26
Profile of Directors
Y. Bhg. Datuk (Dr) Aminar Rashid bin SallehAged 60, Male, MalaysianChairman, Independent Non-Executive Director
Qualifications• Diploma in Civil Engineering, University Technology
MARA, Shah Alam• Degree in Civil Engineering, University Technology
MARA, Shah Alam• Executive Diploma in Business Administration,
University of Central Lancashire, United Kingdom.
Working Experience / Other DirectorshipsPresent:• Group Advisor New Business Development of Ingress
Corporation Berhad• Director of Universiti Teknologi Mara (UiTM)• Director of Universiti Teknologi Mara Holdings (UiTMH)Past:• President & Chief Executive Officer of Perusahaan
Otomobil Kedua Sdn Bhd (Perodua) from 2013 to 2018• Managing Director of Perodua from 2009 to 2012• Executive Director, Strategic Marketing Group of UMW
Toyota Motor Sdn Bhd from 2007 to 2009• Executive Director, Strategic Planning Group of UMW
Toyota Motor Sdn Bhd on 2006• Executive Director, Sales Group of UMW Toyota Motor
Sdn Bhd from 2004 to 2005• Director, Human Capital Group of UMW Toyota Motor
Sdn Bhd from 2001 to 2003• General Manager, HR and Administration of UMW
Toyota Motor Sdn Bhd from 1996 to 2001• Manager, Property and Facilities of UMW Toyota Motor
Sdn Bhd from 1992 to 1996• Property and Purchasing Manager of Utusan Melayu
(M) Sdn Bhd on 1992• Property and Maintenance Manager of Techart Sdn
Bhd from 1985 to 1991• Project Engineer, Techart Sdn Bhd from 1983 to 1985 Membership of Board Committees in MBMR:• Audit and Risk Management Committee (Member)• Nominating and Remuneration Committee (Chairman)• Group Transformation Committee (Chairman)
Date Appointed to the Board29 May 2019
Mr. Low Hin ChoongAged 58, Male, MalaysianNon-Independent Non-Executive Director
Qualifications• Bachelor Degree in Business Administration and
Computer Science (Hons), University of Belfast, United Kingdom
Working Experience / Other DirectorshipsPresent:• Director of CathRx Ltd• Director of Perusahaan Otomobil Kedua Sdn Bhd• Director of Hirotako Holdings Berhad• Director of Federal Auto Holdings BerhadPast:• Director of Daihatsu (Malaysia) Sdn Bhd
Membership of Board Committees in MBMR:• Long Term Incentive Plan Committee (Chairman)• Group Transformation Committee (Member)
Date Appointed to the Board18 May 2011
Annual Report 2019 27
Y. Bhg. Dato’ Anwar bin Haji @ AjiAged 69, Male, MalaysianIndependent Non-Executive Director
Qualifications• Master of Arts, International Studies, Ohio University,
United States of America• Bachelor of Economics (Hons), University of Malaya,
Malaysia
Working Experience / Other DirectorshipsPresent:• Chairman of Zelan Berhad• Director of CIMB Principal Asset Management BerhadPast:• Chairman of Faber Group Berhad from 2001 to 2008• Various management positions in Khazanah Nasional
Berhad from 1994 to 2004 including the position of Managing Director.
• Special Assistant to the Secretary General of the Ministry Finance from 1993 to 1994
• Principal Assistant Secretary in the Finance Division, Federal Treasury under Ministry of Finance from 1991 to 1993
• Deputy Director of Petroleum Development Division under Prime Minister’s Department from 1986 to 1991
• Principal Assistant Secretary in Foreign Investment Division, Economic Planning Unit under Prime Minister’s Department from 1982 to 1984
• Attachment with Investment Division of the Malaysian Tobacco Company Berhad under the British Malaysia Industry & Trade Association training scheme from 1984 to 1985
• Principal Assistant Secretary in Economic & International Division, Federal Treasury under Ministry of Finance from 1980 to 1981
• Principal Assistant Secretary in Budget Division, Federal Treasury under Ministry of Finance from 1978 to 1980
• Assistant Director in Industries Division under Ministry of International Trade & Industry from 1973 to 1978
Membership of Board Committees in MBMR:• Audit and Risk Management Committee (Chairman)• Nominating and Remuneration Committee (Member)• Long Term Incentive Plan Committee (Member)
Date Appointed to the Board16 January 2018
Mr. Ng Seng KongAged 66, Male, MalaysianNon-Independent Non-Executive Director
Qualifications• Fellow Member of the Association of Chartered Certified
Accountants, United Kingdom• Fellow Member of the Chartered Institute of Management
Accountants, United Kingdom• Member of Chartered Global Management Accountant
Working Experience / Other DirectorshipsPresent:• Managing Director of UMS Holdings Berhad• Chairman of Hirotako Holdings Berhad• Director of Federal Auto Holdings Berhad• Director of Hino Motors Sales (Malaysia) Sdn Bhd• Director of Hino Motors Manufacturing (Malaysia) Sdn BhdPast:• Director of UMS Corporation Sdn Bhd from 1981 to 2001• Financial Controller in MKS Sdn Bhd from 1980 to 1981• Auditor of a chartered accounting firm in London from
1975 to 1979
Membership of Board Committees in MBMR:• Long Term Incentive Plan Committee (Member)
Date Appointed to the Board1 October 2015
MBM RESOURCES BERHAD28
Profile of Directors (continued)
Encik Muhammad Lukman bin Musa @HussainAged 45, Male, MalaysianNon-Independent Non-Executive Director
Qualifications• Fellow Member of the Institute of Chartered Accountants
in England and Wales• Member of the Malaysian Institute of Accountants• Bachelor degree in Accountancy Studies, University of
Portsmouth, United Kingdom
Working Experience / Other DirectorshipsPresent:• Independent Non-Executive Director and Chairman of
Audit Committee of 7-Eleven Malaysia Holdings Berhad• Advisor of ECS Solutions Sdn BhdPast:• Acting Chief Executive Officer and Chief Financial Officer
of MARA Corporation Sdn Bhd from 2016 to 2019• Chief Operating and Financial Officer of Unitar Capital Sdn
Bhd from 2011 to 2016• Audit and Assurance Director of Ernst & Young from 2008
to 2011• Manager under Banking and Capital Market Group of Ernst
& Young LLP, London from 2003 to 2008• Internal Auditor of Habib Bank AG Zurich from 2002 to
2003• Senior Auditor of John Cumming Ross Ltd in 2001• Senior Auditor of Andersen & Co, Malaysia (formerly
known as Arthur Andersen & Co) from 1998 to 2001
Membership of Board Committees in MBMR:• Audit and Risk Management Committee (Member)• Group Transformation Committee (Member)
Date Appointed to the Board28 January 2019
Ms. Wong Fay LeeAged 56, Female, MalaysianNon-Independent Non-Executive Director
Qualifications• Bachelor Degree in Law, University of Sydney• Graduate Diploma in Applied Finance and Investments,
Securities Institute Australia
Working Experience / Other DirectorshipsPresent:• Chairman of Federal Auto Holdings Berhad• Director of Apex Investment Services Berhad• Director of Med-Bumikar Mara Sdn Bhd• Director of Daihatsu (Malaysia) Sdn BhdPast:• Group Head of Risk, Legal & Compliance of MBM
Resources Berhad from 2011 to 2018• Managing Director of Federal Auto Holdings Berhad from
2016 to 2017• Executive Director of MBM Resources Berhad from 2014
to 2017• Private Equity Investing from 2002 to 2010• Risk Management Consultant at the Clearing Division of
the Hong Kong Exchange from 2001 to 2002• CEO and Director of Malaysian Derivatives Clearing
House Berhad from 1995 to 2000• Manager, Product Development of Malaysian Securities
Commission from 1993 to 1995• Senior Solicitor with Mallesons Stephen Jaques in
corporate, banking and finance practice (Sydney and South East Asia offices) from 1987 to 1992
Membership of Board Committees in MBMR:• Nominating and Remuneration Committee (Member)• Group Transformation Committee (Member)
Date Appointed to the Board29 May 2019
Notes:1. Save as disclosed, none of the Directors has any family relationship with any Director and/or major shareholders of the Company.2. None of the Directors has any conflict of interest with the Company.3. Other than traffic offences, none of the Directors have been convicted of any offences within the past five years nor have been imposed any public sanction or penalty by the relevant regulatory bodies during the financial year 2019.
Annual Report 2019 29
Dr. Muhammad Iqbal bin ShaharomAged 62, Male, MalaysianPresident & Chief Executive Officer
Qualifications• Bachelor Degree in Business
Administration (BBA) – Major in International Business & Banking, University of Toledo (AACSB), Ohio, United States of America
• Master’s Degree in Business Administration (MBA) – Major in Finance & Strategic Management, University of Toledo (ACCSB), Ohio, United States of America
• Business Administration (DBA, University Utara Malaysia) (AACSB)
• Certified Professional Trainer and Facilitator (CPTF), University Malaya
• Institute for Mergers, Acquisition & Alliance (IM&A & M&AP) Vienna, Austria
Working Experience / Other DirectorshipsPresent:• President & CEO of MBM Resources Berhad• Director of Federal Auto Holdings
Berhad• Director of Daihatsu (Malaysia) Sdn Bhd• Director of Autoliv Hirotako Sdn Bhd• Director of Oriental Metal Industries
(M) Sdn BhdPast:• Managing Director of Daihatsu
(Malaysia) Sdn Bhd• Vice President – Corporate of MBM
Resources Berhad• Vice President – Motor Trading of
MBM Resources Berhad• Chief Operating Officer of DRB-Hicom Holdings Berhad• Deputy Chief Marketing Officer of
Chery Automobile (M) Sdn Bhd• Vice President of Naza Quest Auto
Sdn Bhd
Date Appointed to MBMR:4 October 2018
Mr Ngeow Zoo GinAged 61, Male, MalaysianVice President, Manufacturing
Qualifications• Bach (Hons) Mechanical Engineering,
University Malaya Working Experience / Other DirectorshipsPresent:• Vice President, Manufacturing of MBM
Resources Berhad• Chief Operating Officer of Autoliv
Hirotako Sdn Bhd• Director of Hirotako Acoustics Sdn
Bhd• Director of Oriental Metal Industries
(M) Sdn BhdPast:• Factory Manager of Paragon Union
Bhd (1990- 1995)· • Tan Chong Motor Assemblies Sdn
Bhd (1982- 1990)- Last position as Purchasing Manager
Date Appointed to MBMR:1 March 2018
Ms Chin Tze Fui @ Annie ChinAged 51, Female, MalaysianChief Financial Officer
Qualifications• Bachelor of Science in Accounting
(Honours), Oklahoma State University, United State of America
• Member of Malaysian Institute of Accountants (MIA)
Working Experience / Other DirectorshipsPresent:• Chief Financial Officer of MBM
Resources Berhad• Director of Daihatsu (Malaysia) Sdn Bhd
Past:• Group Financial Controller of MBM
Resources Berhad• Partner of Annbren Management &
Consultancy Services • Group Financial Controller of Scomi
Group Berhad• Regional Finance Controller of Scomi
Group Berhad, Oilfield services• Audit Manager of Ernst & Young
Date Appointed to MBMR: 1 November 2016
Encik Ijlal bin Mohd NadzirAge 43, Male, MalaysiaDirector, Transformation Office
Qualifications• B.A. (Hons) Accounting and Financial
Studies, University of Exeter, UK• Certified Training Professional,
ARTDO-ITD International Working Experience / Other DirectorshipsPast:• Board of Trustees of Kelab Belia
Kalsom (The Kalsom Movement)• Director/Head, Group Human Capital
of MARA Corporation Sdn Bhd• Director of UNITAR Academy Sdn Bhd• Director, Vice Chancellor’s Office of
UNITAR International University• Head of Collaboration of Arise Asia
Sdn Bhd• Vice President, Strategic Human
Capital Management of Khazanah Nasional Berhad
• Consultant of Mercer Human Capital Consulting
Date Appointed to MBMR:4 February 2020
Note:The above management team have no family relationship with any Director and/or major shareholder of the Company, have no conflict of interest with the Company, have not been convicted of any offences, other than traffic offences, within the past five years, nor imposed any public sanction or penalty by the relevant regulatory bodies during the financial year 2019.
Management Team Profile
From left to right: Dr. Muhammad Iqbal bin Shaharom, Mr Ngeow Zoo Gin, Ms Chin Tze Fui @ Annie Chin and Encik Ijlal bin Mohd Nadzir
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