Ir. Edwin Lim Beng Fook co-founded K-One Technology Berhad in 2001. He was appointed as an Executive Director on 20 February 2001 and has been the Executive Chairman since its inception in 2001.
He holds a Bachelor of Science (Hons) in Engineering with Business Studies from Sheffield Hallam University, United Kingdom and a Master of Science in Mechanical Engineering from the University of Alberta, Canada. He is a professional engineer registered with the Board of Engineers, Malaysia and a corporate member of the Institution of Engineers, Malaysia. He is also a Chartered Engineer registered with the Institution of Engineering & Technology, United Kingdom.
He is a member of the Remuneration Committee.
Ir. Edwin Lim Beng Fook was awarded the Entrepreneur of the Year Award by the Malaysia-Canada Business Council in 2004 and the Alumni Award of Excellence by the University of Alberta in 2005. He was also the winner of the EY Entrepreneur of the Year Malaysia 2016 (Technology Category) organized by Ernst & Young.
His career spans almost 20 years with three multinationals, namely; Mobil Oil (Malaysia) Sdn Bhd, Renold (Malaysia) Sdn Bhd and AMP Products (Malaysia) Sdn Bhd (now known as TE Connectivity). His global experience in the electronics industry stems from him leading AMP as its Country General Manager in 1992, building up the Malaysian operation from a sales outfit to establishing from greenfield AMP's manufacturing facility and Research & Development Centre. In addition to his Country General Manager's role, he also held the dual role of being the Director, Automotive Industry responsible for the ASEAN region for a period of time.
His directorships in other companies in the K-One Group are EMB Technology Sdn Bhd, K-One Industry Sdn Bhd, BIG'ant (M) Sdn Bhd, K-One Resources Sdn Bhd, K-One Manufacturing Sdn Bhd, K-One Electronics Sdn. Bhd. and K-One Venture Sdn. Bhd.
The Board of Directors of K-One Technology Bhd has adopted the principles and best practices prescribed in the Malaysian Code on Corporate Governance 2012 in managing and directing the Board matters and business of the Group. The Board believes that good corporate governance would result in sustainable growth, stronger safeguard of the interests of all stakeholders, enhancement of shareholders' value and last but not least, provide improved transparency on the Group's financial performance.
The foundation for success of K-One Technology Berhad (K-One) is based upon the following:
K-One affirms to conduct its business with professional ethics and integrity. We are committed to operate in the best interest of our Customers, Employees, Suppliers, Communities and in the long term interests of our Group. Towards this end, K-One has voluntarily adopted the Electronic Industry Citizenship Coalition (EICC) Code of Conduct. The K-One Code of Conduct and Ethics' policies and procedures address the following:
In line with the best practice of Corporate Governance, the Nomination Committee is governed by the following terms of reference:-
The Board of Directors (the “Board”) established the Nomination Committee on 24 February 2006 and is delegated with the following specific tasks:
The members of the Nomination Committee shall be appointed by the Board and a majority of the members shall be Independent Non-Executive Directors. The Nomination Committee shall comprise of at least three (3) members.
The Board shall appoint the Chairman of the Nomination Committee (“Nomination Committee Chairman”) who should be an Independent Non-Executive Director.
In the absence of the Nomination Committee Chairman, the remaining members present shall elect one of themselves to chair the meeting. The Chairman of the Board shall not chair the Nomination Committee when it is dealing with the matter of succession to the chairmanship.
If a regular member is unable to act due to absence, illness or any other causes, the Board may appoint another Director of the Company to serve as an alternate member, having due regard to maintaining the required majority of independent members.
The Nomination Committee shall meet at least once in each financial year although additional meetings may be called at any time at the discretion of the Nomination Committee Chairman.
The quorum for a meeting shall be two (2) members, both of whom must be Independent Non-Executive Directors. A duly convened meeting at which a quorum is present shall be competent to exercise all or any of the authorities, powers and discretion vested in or exercisable by the Committee.
The Nomination Committee may request other Directors, Management and consultants as applicable to participate in the meetings, as necessary, to carry out the Nomination Committee’s responsibilities, provided, however, that no Director shall be entitled to vote at such meetings or be counted as part of the quorum for any meeting of the Nomination Committee unless he or she is a member of the Nomination Committee.
The functions of the Nomination Committee shall include the following:-
The Committee Chairman shall report the outcome of the Nomination Committee meetings to the Board and seek for approval or decision, if required.
These terms of reference was reviewed and approved by the Nomination Committee and Board on 21 February 2017.
In line with the best practice of Corporate Governance, the Remuneration Committee is governed by the following terms of reference:-
The functions of the Remuneration Committee shall include the following:-
The Remuneration Committee Chairman shall report to the Board on its proceedings after each meeting on all matters within its duties and responsibilities.
These terms of reference was reviewed and approved by the Remuneration Committee Committee and Board on 21 February 2017.
In line with the best practice of Corporate Governance, the Audit Committee is governed by the following terms of reference:-
The Board of Directors (the “Board”) established the Audit Committee on 3 February 2005.
The Audit Committee shall be appointed by the Board from amongst its Directors, on the recommendation of the Nomination Committee and in consultation with the Chairman of the Audit Committee (“Audit Committee Chairman”).
The Audit Committee shall comprise of at least three (3) members. All the Audit Committee members must be Non-Executive Directors, with a majority of them being Independent Directors. No Alternate Director shall be appointed as a member of the Audit Committee.
The Audit Committee Chairman, who shall be elected by the Audit Committee, shall be an Independent Director.
All the Audit Committee members should be financially literate and at least one (1) member of the Audit Committee:
The Nomination Committee must review the terms of office and performance of the Audit Committee and each of its members every year to determine whether the said Audit Committee and its members have carried out their duties in accordance with their terms of reference.
In the event of any vacancy with the result that the number of members is reduced to below three (3), the vacancy shall be filled within three (3) months. Therefore, any member of the Audit Committee who wishes to retire or resign shall provide sufficient written notice to the Company so that a replacement may be appointed before he/she leaves.
The Audit Committee shall:-
The Audit Committee provides by way of regular meetings, a line of communication relating to the Group’s management of internal controls, risk management, accounting policies and financial reporting between the Board and the Group’s Internal and External Auditors.
The functions of the Audit Committee shall include the following:-
The Audit Committee Chairman shall formally report to the Board on its proceedings after each meeting on all matters within its duties and responsibilities as well as how it has discharged its responsibilities. This report shall include:-
These terms of reference were reviewed and approved by the Audit Committee and the Board on 21 February 2017.
The Board is committed to maintain and achieve a high standard of corporate integrity and ethics.
Towards this end, the Board has defined and provided this whistle blowing policy and procedure to guide the staff and stakeholders to whistle blow any unethical wrongdoings. At the same time, the Board aims to assure protection to the whistle-blower(s).
The recipient will be required to provide a receipt for the contribution and confirmation of what the funds will be used for.