Financial (PICORP)

BWFF 2033 FIANANCIAL MANAGEMENT
Understanding Firm,
Industry & Market Profile:
PROGRESSIVE IMPACT
CORPORATION BERHAD
Name: Mohammad Syaffi Syazani Bin Shahrul Nizar

Matric Number: 248382
Group: C
Lecturer’s Name: DR. HANITA BT KADIR @ SHAHAR
Table of Content:
No. Page
1 Information About the Company 2
2 About the Corporate Governance 2
3 About the Top Management - Chief Executive 3

Officer (CEO)
4 About The Ownership of the Company 4
5 Audit Related 5
6 Corporate Social Responsibilities (CSR) Activities 5
REFERENCES 6
1.0 Information about company
Progressive Impact Corporation Berhad
Progressive Impact Corporation Berhad (PICORP) was incorporated in 1991 as an

investment holding company. PICORP commenced its operation in 1992 and was listed on the
Second Board of Bursa Malaysia Securities Berhad in October 2004. PICORP transferred its
listing status to the Main Board of Bursa in January 2008. PICORP's subsidiary companies are
principally involved in the provision of environmental consulting, monitoring, monitoring
equipment / systems integration, environmental data management services, laboratory testing
services and wastewater treatment and solution.
The Group provides its services to various governmental bodies as well as to the private
sectors which are involved in the oil and gas, energy, petrochemicals, food manufacturing,
industrial and manufacturing, properties developers and construction sectors locally and
internationally. Our group is a well-established participant in the Malaysian environmental
market in the segment of instruments and monitoring systems and laboratory testing services,
holding a market share of approximately 20%.
1.0 Corporate Governance
BOARD OF DIRECTORS
Age Race Position
Datuk Abdul Hamid 68 Malay Chairman, Senior Independent Non-Executive Director,
bin Sawal Chairman of Nominating Committee, Member of Audit
Committee, Member of Remuneration Committee
Dato’ Dr. Lukman bin 51 Malay Independent Non-Executive Director, Chairman of Audit
Ibrahim Committee, Chairman of Remuneration Committee, Member
of Board Risk Management Committee, Member of
Nominating Committee
Zaid bin Abdullah 65 Malay Executive Deputy Chairman
Zaidah binti Mohd 63 Malay Non-Independent Non-Executive Director, Member of Audit
Salleh Committee
Dato’ Hajjah Rosnani 62 Malay Independent Non-Executive Director, Member of Nominating
binti Ibarahim Committee, Member of Remuneration Committee, Chairman
of Risk Management Committee
Lee Weng Chong 60 Chinese Independent Non-Executive Director
Usamah bin Zaid 33 Malay Executive Director
Fatimah Zahrah binti 32 Malay Alternate Director to Zaidah binti Mohd Salleh
Zaid
Broad Meetings
Board meetings are scheduled in advance and an annual meeting calendar is circulated to all
Directors at the beginning of the new financial year to enable Directors to plan ahead and fit the
year’s meetings into their own schedules. The Board meets at least four times a year, once in
every quarter.
During the financial year ended 31 December 2016, the Board met five times on the following
dates:
BOARD MEETING DATE

01/2016 25 February 2016
02/2016 14 April 2016
03/2016 23 May 2016
04/2016 22 August 2016
05/2016 21 November 2016
2.0 About Top Management
Johar Yusuf
Group Chief Executive Officer || Age 52, Male, Malaysian || PROGRESSIVE
IMPACT CORPORATION BERHAD
Johar bin Yusof was appointed as Group Chief Executive Officer of the Company on
14 January 2011. He graduated with a Bachelor in Electrical Engineering from
University of Miami, Florida, USA and Master in Business Administration (Finance)
from International Islamic University of Malaysia.
He started his career with Texas Instruments (M) Sdn Bhd as Project Engineer and
Training Coordinator. He joined Invensys Software System (S) Pte. Ltd. in 1999 as the
Sales Account Manager for Chemical, Oil & Gas Industry. He has vast experience in
oil & gas industry especially in project management and business development.
He then joined Foxboro (Malaysia) Sdn Bhd in 2003 as the General Manager before
he was promoted as the Managing Director of Progressive Impact Technology Sdn
Bhd in 2006. He was also the Group Managing Director of PJBumi Berhad from 2008
till 2011.
Johar has direct shareholding of 1,523,000 (0.231%) ordinary shares in the Company.
He has no family relationship with any Director and/or major shareholder of the
Company. He does not hold any directorships in public companies and listed issuers.
3.0 About Ownership
DIRECTOR OWNERSHIPS
Name No. of Shares Percentage
(%)
Zaidah Binti Mohd Salleh 7,063,400 1.075
Johar bin Yusof 1,523,000 0.231
Lee Weng Chong 1,050,000 0.159
Zaid bin Abdullah 47,925,100 7.297
PUBLIC OWNERSHIPS

(%)
Zaiyadal Keluarga Sdn Bhd 307,268,622 46.784
Kal-Yadaiin Sdn Bhd 28,813,078 4.387
HLB Nominees (Tempatan) Sdn Bhd 6,079,600 0.925
0.753
RHB Nominees (Tempatan) Sdn Bhd 4,950,000
0.742
Ahmad Ridzwan Bin Mohd Salleh 4,879,175
GOVERNMENT OWNERSHIPS

(%)
Lembaga Tabung Haji 65,000,000 9.896
FOREIGN OWNERSHIPS
Name No. of Shares Percentage (%)
DB (Malaysia) Nominee (Asing) Sdn Bhd 53,740,000 8.182
Public Invest Nominees (Asing) Sdn Bhd 5,737,100 0.873

5.0 Audit Related
The Board of Directors of Progressive Impact Corporation Berhad is pleased to present
the report on the Audit Committee (“AC”) of the Board for the financial year ended 31
December 2016. The AC Report provides insights into the manner in which the AC
discharged its functions in 2016.
Beside , Ernst and Young there are also an external auditors, Ernst and young as a
guidance for the company to manage their audit. Ernst and Young is auditor firm that
located at Menara Millennium, 7-01, Jalan Damanlela, Pusat Bandar Damansara, 50490
Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia.
6.0 Corporate Social Responsibilities Activities

Progressive Impact Corporation Berhad (PICORP) taking seriously about CSR. CSR are
important to the company as it is the continuous commitment to behave ethically and
giving to the society and at the same time developing the economics. CSR also can help to
improve the life quality of the employees as well as the local community and society. The
company contribute mostly to the charitable, social and welfare programs during the
financial year ended 31 December 2016 as follows:
I. ‘Program CSR bersama PICORP’
II. Sentuhan Budi
REFERENCES:
1. Bursa Malaysia (2017). Listed Companies: Pineapple Resources Berhad
(0006). Retrieved on October 14, 2017, from URL:
http://www.bursamalaysia.com/market/listed-companies/company-
announcements/5412701
2. Progressive Impact Corporation Berhad . Retrieved on October 14, 2017,
from URL: http://www.picorp.com.my/

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BWFF 2033 FIANANCIAL MANAGEMENT

Name: Mohammad Syaffi Syazani Bin Shahrul Nizar

1 Information About the Company 2

2 About the Corporate Governance 2

3 About the Top Management - Chief Executive 3

4 About The Ownership of the Company 4

6 Corporate Social Responsibilities (CSR) Activities 5

Progressive Impact Corporation Berhad

Progressive Impact Corporation Berhad (PICORP) was incorporated in 1991 as an

BOARD MEETING DATE

Name No. of Shares Percentage

Name No. of Shares Percentage

Name No. of Shares Percentage (%)

DB (Malaysia) Nominee (Asing) Sdn Bhd 53,740,000 8.182

Public Invest Nominees (Asing) Sdn Bhd 5,737,100 0.873

6.0 Corporate Social Responsibilities Activities

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