Revaluation Policy Sample Clauses

Revaluation Policy. The revaluation policy of the Company in relation to its landed properties is set out in Note 2(g) of the Notes to the Financial Statements set out on pages 213 to 214 of this Annual Report. STATEMENT ON COMPLIANCE WITH THE REQUIREMENTS OF BURSA MALAYSIA IN RELATION TO APPLICATION OF PRINCIPLES AND ADOPTION OF BEST PRACTICES LAID DOWN IN THE MALAYSIAN CODE OF CORPORATE GOVERNANCE (Pursuant to paragraph 15.25 of the Main Market Listing Requirements Bursa Malaysia Securities Berhad) The Board is pleased to report to shareholders that the Company has applied the principles of corporate governance and is in compliance with Part 1 of the Code. Further to that, the Board remains committed to attain the highest possible standard of corporate governance through continuous adoption of best practices as recommended in Part 2 of the Code. Signed on behalf of the Board of Directors in accordance with their resolution dated 26 October 2009. TAN SRI DATO’ XXX XXX PIN @ XXX XXX XXXX SENIOR INDEPENDENT NON-EXECUTIVE DIRECTOR ENTERPRISE WIDE rISK MANAGEMENT (EWrM) 1. OVERVIEW Figure 1 – RISK MANAGEMENT STRUCTURE BOARD OF DIRECTORS BOARD AUDIT COMMITTEE GROUP RISK MANAGEMENT COMMITTEE (GRMC) EWRM DEPARTMENT GROUP INTERNAL AUDIT GROUP RISK MANAGEMENT WORKING COMMITTEE (GRMWC) CORE BUSINESS ENTERPRISE MANAGEMENT CORPORATE SERVICES TNB OPERATING DIVISIONS The management of principal risks plays an important and integral part of TNB’s daily operations. Therefore, the effective identification and management of such risks will positively affect the achievement of the Group’s business and strategic objectives. The on-going implementation of an Enterprise-Wide Risk Management (EWRM) framework which was introduced since 2003 would ensure that the major areas of risks are identified, managed and controlled or mitigated effectively. As a result, TNB management is able to make conscious and informed decisions by formulating and implementing necessary action plans and monitoring the results. The EWRM framework allows the prioritising of operational reviews throughout the Group, as well as enabling the development of an effective internal audit plan in the risk management process. The audit process in risk management is vital in ensuring the internal control system is adequate and functioning as planned.
Sample 1
AutoNDA by SimpleDocs

Related to Revaluation Policy

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Governing Law THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

  • Definitions For purposes of this Agreement:

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • General All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Waiver The waiver by any party hereto of a breach of any provision of this Agreement shall not operate or be construed as a waiver of any other or subsequent breach.

  • Term The term of this Agreement will be ten (10) years from the Effective Date (as such term may be extended pursuant to Section 4.2, the “Term”).

Time is Money Join Law Insider Premium to draft better contracts faster.