The Founders Vision
The company foundation was seed funded, nurtured and set out a fundamental framework by our visionary co-founders, led by Dato’ Larry Tey Por Yee, Andrew See Poh Yee, and Derek Tey Por Chen.
According to Wikipedia, the 3 founders founded Nexgram Group in 1999. Under the founders’ leadership, the company developed businesses that include telecommunication, property development, information technology, infrastructure, and manufacturing services. The company also owns and operates one of the largest surveillance and security company in Malaysia known as Sensorlink, and shipping logistics specialist Transeaways.
The founding fathers believe in professionally ran corporations, which sets the framework of each of their investments to be structured to withstand ups and downs of the economy and industrial challenges, and ran by professionals, under well-planned roadmap and socially responsible business plans. Despite the overseas success, the founders were patriotic entrepreneurs which inspired by Malaysia Prime Minister Tun Dr. Mahathir bin Mohamad’s Vision 2020 (Wawasan 2020) initiatives, and brought back their knowledge and investment to the capital city of Malaysia, Kuala Lumpur, in the late ’90s.
The founders have since left the company, leaving the group to good hands to continue to deliver values for shareholders.
Today, Nexgram is a public listed company, governed by a professional board of directors, and ran by a professional management team, operated by CEOs of each business divisions having their own expertise in respective industries.
The primary role of Nexgram’s Board of Directors is to oversee how management serves the interests of shareowners and other stakeholders. To do this, Nexgram’s Directors have adopted corporate governance principles aimed at ensuring that the Board is independent and fully informed on the key strategic and risk issues facing Nexgram. Nexgram has met its goal to have one-third of its Board be independent under a strict definition of independence.
The Nexgram Board held board meetings regularly. Each outside Board member is expected to visit at least one Nexgram businesses without the involvement of corporate management in order to develop his or her own feelings for the Company. Board members focus on the areas that are important to shareowners – strategy, risk management, leadership development, and regulatory and compliance matters. During 2015, they received briefings on a variety of issues, including capital allocation and business development with a focus on Property Development, risk management with a focus on E-commerce Revolution, business simplification, emerging markets growth, leadership development, technology excellence, IT and big data security & surveillance strategy, convergence of technology & industries, global research and development strategy, and Nexgram’s branding, marketing and operating initiatives. At the end of the year, the Board and each of its committees conducted a thorough self-evaluation.
Independent Non-Executive Director
Nexgram made it a routine culture to evaluate itself for better governance. The board recognizes that there is an ongoing and energetic debate about corporate governance, and it will review key principles and other aspects of Nexgram governance annually or more often if deemed necessary. To learn more about the group dedication to corporate governance, click here.