STATEMENT OF DIRECTORS. The Board, having taken into consideration all aspects of the Agreement, is of the opinion that the Agreement is in the best interest of the Company.
STATEMENT OF DIRECTORS. The Board, having taken into consideration all aspects of the JVSA, is of the opinion that the Proposed Joint Venture is in the best interests of the Company.
STATEMENT OF DIRECTORS. The Directors of KUBM, having considered all aspects of the Proposed Disposals, are of the opinion that the Proposed Disposals are in the best interest of KUBM.
STATEMENT OF DIRECTORS. The Board, having taken into consideration all aspects of the DA, is of the opinion that the DA is in the best interests of the Company.
STATEMENT OF DIRECTORS. The Board of Directors of the Company is of the opinion that the DA is in the ordinary course of business and is in the best interests of the Company.
STATEMENT OF DIRECTORS. The Board, having considered all aspects of the Agreement, is of the opinion that the Agreement is in the best interest of the Rubberex Group.
STATEMENT OF DIRECTORS. The Board, having taken into consideration all aspects of the Exclusive Distribution Agreement, is of the opinion that the Exclusive Distribution Agreement is in the best interests of the Company.
STATEMENT OF DIRECTORS. The Board, having taken into consideration all aspects of the respective Letter of Awards, is of the opinion that the respective Letter of Awards and the respective Collaboration Agreements is in the best interests of the Company.
STATEMENT OF DIRECTORS. Responsibilities in respect of the Audited Financial Statements The provisions of the Companies Act, 1965 require the directors to be responsible in preparing the financial statements for each financial year which gives a true and fair view of the state of affairs of the Group and the Company at the end of the financial year and of the results and cash flows for the financial year then ended. In complying with these requirements, the directors are responsible for ensuring that proper accounting records are maintained and suitable accounting policies are adopted and applied consistently. In cases whereby judgment and estimates were required, the directors have ensured that these were made prudently and reasonably. The Directors also ensured that all applicable accounting standards have been followed and confirmed that the financial statements have been prepared on a going concern basis. In addition, the Directors are also responsible for safeguarding the assets of the Company by taking reasonable steps to prevent and detect fraud and other irregularities. Members of the Audit Committee The Audit Committee presently comprises three members and all are independent non-executive directors as follows:
