Lion Corporation Berhad
Lion Corporation BHD
1. Introduction
Vision: To be among the top 10% lowest cost steel producers in the world
Mission: We are committed to make Lion Corporation a caring organisation and be recognised for excellence in quality, growth and profitability.
Objective: Reposition the Company steel division back to profitable industry within 5 years
Corporate governance statement
The Board of Directors (“Board”) recognizes the importance of practicing and maintaining good corporate governance to direct the businesses of the Group towards enhancing business prosperity and long term value for its shareholders. The Board is fully committed in ensuring that the highest standard of corporate governance is practiced and maintained throughout the Group as the underlying principle in discharging its responsibilities. The Board is pleased to present below a description of how the Group has applied the principles of good governance and the extent to which it has complied with the best practices set out in the Malaysian Code on Corporate Governance (“Code”). These principles and best practices have been applied consistently throughout the financial year ended 30 June 2011 except where otherwise stated herein. Corporation profile | Lion Corporation Berhad (LCB) was incorporated in Malaysia on 27 September 1972 under the Companies Act, 1965 as a private limited liability company under the name of Lion (Teck Chiang) Sdn Bhd. It subsequently changed its name to Lion Corporation Berhad on 18 May 1981. It was converted to a public company and adopted its current name on 30 May 1981.LCB is an investment holding company whose subsidiaries are involved in the manufacturing and marketing of steel products such as hot rolled coils, cold rolled coils, bands, plates and sheets; manufacturing, distribution and trading of office equipment and steel related products; and share registration and secretarial services.Its main business which is the
1. Introduction
Vision: To be among the top 10% lowest cost steel producers in the world
Mission: We are committed to make Lion Corporation a caring organisation and be recognised for excellence in quality, growth and profitability.
Objective: Reposition the Company steel division back to profitable industry within 5 years
Corporate governance statement
The Board of Directors (“Board”) recognizes the importance of practicing and maintaining good corporate governance to direct the businesses of the Group towards enhancing business prosperity and long term value for its shareholders. The Board is fully committed in ensuring that the highest standard of corporate governance is practiced and maintained throughout the Group as the underlying principle in discharging its responsibilities. The Board is pleased to present below a description of how the Group has applied the principles of good governance and the extent to which it has complied with the best practices set out in the Malaysian Code on Corporate Governance (“Code”). These principles and best practices have been applied consistently throughout the financial year ended 30 June 2011 except where otherwise stated herein. Corporation profile | Lion Corporation Berhad (LCB) was incorporated in Malaysia on 27 September 1972 under the Companies Act, 1965 as a private limited liability company under the name of Lion (Teck Chiang) Sdn Bhd. It subsequently changed its name to Lion Corporation Berhad on 18 May 1981. It was converted to a public company and adopted its current name on 30 May 1981.LCB is an investment holding company whose subsidiaries are involved in the manufacturing and marketing of steel products such as hot rolled coils, cold rolled coils, bands, plates and sheets; manufacturing, distribution and trading of office equipment and steel related products; and share registration and secretarial services.Its main business which is the