Corporate Governance
Air Selangor is fully committed to the highest standards of corporate governance whilst pursuing our mission and vision to deliver the best experience to our customers as we will be the leading water services provider in Asia by 2030. The Board recognizes the importance of governance and plays an active role in administering the Company’s governance practices and framework to ensure its relevance and ability to meet future challenges.
Board Charter of Pengurusan Air Selangor Sdn Bhd
(Air Selangor)
The Board Charter serves as a guide to Directors and management with regard to the role of the Board, its Board Committees, individual Directors, as well the roles of the Chief Executive Officer (CEO) of the Company, and to assist the Board in discharging their fiduciary duties as Directors of the Company.
Board Risk & Sustainability Committee (BRSC)
This Terms of Reference (TOR) sets out the BRSC’s duties and responsibilities in overseeing the effectiveness of the risk management framework and risk-related policies, as well as the integration of sustainability into the corporate strategy and decision-making of the Company.
Terms of Reference of Board of Audit Committee (BAC)
This BAC TOR will ensure effective corporate governance, internal control, and external financial reporting practices. BAC also oversees the remit and work of internal auditors and ensures an objective and professional relationship with the external auditors.
Terms of Reference of Board Nomination and Remuneration Committee (BNRC)
This Terms of Reference (TOR) sets out the BNRC’s duties to manage the nomination and remuneration process for the various Board and Board Committees and other pivotal management positions within the Company.
Remuneration Policy & Procedure
This remuneration policy and procedure aims to attract, motivate and retain individuals of high calibre and talent at the Board of Directors level to drive the Company’s business goals and strategies and ensure long-term business sustainability.
