CORPORATE GOVERNANCE STATEMENT
(CONT’D)
Principle 7: Ensure timely and high quality disclosure (cont’d)
Corporate disclosure policies and procedures (cont’d)
However, in exceptional circumstances, the Company may temporarily withhold the disclosure of material
information to a more appropriate time such as instances where immediate disclosure would affect the ability
of the Company to pursue its corporate objectives, when the facts of the matter at hand is in a state of flux or
where company or securities laws may restrict the extent of permissible disclosure. Material information which
is withheld will be restricted to persons on a strict need-to-know basis and all persons with such information will
be informed of the requirement to maintain strict confidentiality. In the event that material information that has
been withheld has or is believed to have been inadvertently disclosed or where the information has become
generally available to the public, the Company will immediately announce the information. The Company will
also monitor the market activity of its securities during a period where information is withheld. Should there be
unusual price movement, trading activity, or both (“unusual market activity”) in its securities which is believed to
signify a “leak” of the information or when rumours or reports concerning the information have appeared or
where the Company learns that there are signs that insider trading may be taking place, the Company will take
steps to announce the information that has been withheld immediately.
The Company strives to ensure that information that is released is in a manner that would obtain wide public
dissemination. Disclosure of material information by the Company is first made by an announcement to Bursa
Malaysia via the BURSA LINK. All announcements are also made available on the Company’s website. Press
conferences may be held if the Board is of the opinion that it would draw better attention to the information
that is to be disseminated. However, the Company will ensure that any such information will be first released or
simultaneously released to Bursa Malaysia. The Company will ensure that material information will not be made
on an individual or selective basis to any individual or group if it has not been disclosed and disseminated to
the public.
While the Company endeavours to provide information to its shareholders and stakeholders it is also mindful
of the requirement to refrain from misleading promotional disclosure activity. The Board will not approve
any announcement that may mislead investors and cause unwarranted price movement and activity in the
Company’s securities.
If the Company becomes aware of any rumour or report, whether true or false, that contains material information
on the Company or the Group, the Company will make due enquiry among the Board members and senior
management and publicly clarify, confirm or deny the rumour or report as soon as possible.
Where unusual market activity of the Company’s securities occurs, the Company will undertake a due enquiry
among the Board members and senior management to seek the cause of the unusual market activity. The
Company will consider whether there is any information that has been publicly disclosed, has not been publicly
disclosed or is the subject matter of a rumour or report that would account for the unusual market activity and
accordingly take appropriate action to make an announcement to clarify matters, make further disclosure,
deny any rumour or report, inform the public that there is no undisclosed development that would account for
the unusual market activity. If the Company determines that the unusual market activity results from material
information that has already been publicly disclosed, it will take no further action.
All Board members and parties who are insiders are aware of the provisions of the Capital Markets and Services
Act 2007 and the Companies Act, 1965 with regards to prohibition of trading in the securities of the Company
on the basis of material information which is not known to the public. In addition, affected persons are notified
of the restrictions in dealing in the Company’s securities while in possession of price-sensitive information
and during closed periods unless the procedures for dealings during closed periods as set out in the Listing
Requirements have been complied with.
Pentamaster Corporation Berhad
(572307-U)
•
Annual Report 2014
20
