CORPORATE GOVERNANCE

KT is committed to upholding and endorsing strong corporate governance and internal control as key principles. 

 CORPORATE GOVERNANCE

KT is committed to upholding and endorsing strong corporate governance and internal control as key principles.

Upholding Responsible Practice

The Board of Koperasi Tentera (KT) is dedicated to maintaining the highest standards in corporate governance, professionalism, and integrity to enhance shareholder value and the performance of KT and its subsidiaries. The Board ensures adherence to good corporate governance practices, aligned with the principles and recommendations in GP 27: Co-operative Governance Guidelines by the Malaysian Co-Operative Societies Commission and guidelines from Bank Negara Malaysia and Malaysian Financial Reporting Standards. KT continuously strengthens its risk profile and practices, fostering a robust risk management culture across all organizational levels. We prioritize due diligence for new investments, employing conservative and prudent evaluation criteria. All new investments undergo a stringent risk mitigation process before Board approval, especially in the current economic climate.. 




Code of Governance for Co-operatives 

On April 8, 2015, the Malaysian Co-Operative Societies Commission, under the Ministry of Domestic Trade, Co-Operative and Consumerism (KPDNKK), released GP27: Co-operative Governance Guidelines. These guidelines provide the foundation for KT's governance principles, outlining general principles, minimum standards, and specific governance requirements for co-operatives. GP27 encapsulates the best governance practices in the industry, aiming to help coop boards and management fulfill their roles more effectively. The guidelines assist all co-ops in examining and elevating their governance standards.






 


Good Governance Within KT

Formalise Ethical Standards through KT’s Code of Ethics and Conduct