KMD

Corporate Governance

Board of Directors

Mr Thaung Tin

(Chairman)

Mrs Tyn Tyn Aye

(President)

Mr Bo Bo Lwin

(Senior Director)

Ms Thin Thin Soe

(Senior Director)

Mr Myo Thein

(Senior Director)

Board of directors’ responsibilities

The roles of the board of directors include:

1) Establish vision, mission and values

Determining the company’s vision and mission to guide and set the pace for its current operations and future development
Determining the values to be promoted throughout the company
Determining and reviewing company goals
Determining company policies

2) Policy making

Making Policies that define, focus and differentiate responsibilities among the board, the management, and the staff
Reviewing and approving well-written policies that lead to more efficient board functioning
Developing a policy that covers the issue and leaving implementation of the policy to management

3) Set strategy and structure

Review and evaluate present & future opportunities, threats and risks in the external environment, current and future strengths, weaknesses and risks relating to the company
Determine strategic options, select the most appropriate ones, and decide the means to implement and support them
Determine the business strategies & plans that underpin the corporate strategy Ensure that the company’s organizational structure & capability are appropriate for implementing the chosen strategies

4) Decision making

Decision making involves making choices about the organization’s vision, mission, and strategies
Boards make decisions about issues that are strategic and significant
As decision makers, boards can also delegate non-governance types of decisions to others

5) Delegate to management

Delegate authority to management, and monitor & evaluate the implementation of policies, strategies and business plans
Determine monitoring criteria to be used by the board
Ensure that internal controls are effective
Communicate with senior management

Challenges caused by the current crises in Myanmar, and KMD impact on pursuing its strategy, business continuity and philanthropy

2021 financial situations (decreased revenue, high currency fluctuations and inflation) and 3rd wave of COVID-19 pandemic in Myanmar had made many businesses in difficult status.

Although Financial revenue has impacted some significant negative effects on KMD since there has been change in consumers’ behaviors and spending due to multiple economic factors as in the industry; KMD still has strong financial and cash flow to ride along the waves in 2021.

For those earlier days of the crisis, KMD was in a Dilemma (difficult choice) situation, but KMD continued to make its best effort to serve all the consumers and survive the situations in Myanmar.

During COVID crisis in 2020, 2021, KMD had contributed over (300+ Million) MMK to the community via public and private channels on COVID-19 pandemic preventions including insurances, taking treatments, post covid 19 and livelihoods of employees during the pandemic lockdown.

60% of KMD employees got vaccinations in 2021.

100% KMD employees received Health and Life Insurance coverage in 2021.

Although there is difficulty in financial situations, KMD is trying to:

continue to provide best quality, affordable prices, promotion prices of ICT products, equipments, services for people
accepting bank transfer, digital money for selling of ICT products, equipments, services, although some people don't trust the usefulness of digital system
continue to provide education / trainings for students, so that students will not lose their time in education

Communications with external stakeholders on business impacts of Covid-19

KMD is fairly & equally serving and communicating to all relevant external stakeholders such as customers, students, suppliers, creditors, the local community, society, organizations, etc., for the prevention and safety of COVID at KMD Sales Centers, Services Centers, Education Training Centers, and for the continuity and sustainability of businesses, although COVID pandemic crisis and impact on revenues, increased costs had some negative business impacts on KMD

The responsibilities of BOD include:

Approve the corporate strategy
Experiment business model and identify key performance measures
Identify risk areas and oversee risk management
Plan for and select new management executives
Design executive compensation packages
Ensure the integrity of financial statements
Approve major asset purchases
Protect company assets and reputation
Represent the interest of shareholders
Ensure the company complies with laws and codes
Free from conflicts that compromise judgment
Able to take positions in opposition to management
Represent companies view and account to the public
Leading the company properly
Establish appropriate internal control
Decide formal schedule of matters of the meeting
Determine the company`s mission and purpose

Types of decisions requiring board of directors’ approval

Cases that critically impact the organization’s vision, missions, and strategies
Plans that are strategic and significant
Cases, issues, problems, solutions that are strategic and significant
Financial matters that are strategic and significant

The role and responsibilities of the chairman

The role and responsibilities of a Chairperson can be summarized under five areas:

To provide leadership.
To ensure the Management Committee functions properly.
To ensure the organization is managed effectively.
To provide support and supervision to the chief officer and senior team.
To represent the organization as its figurehead.

Mr Thaung Tin

Mrs Tyn Tyn Aye

Mr Bo Bo Lwin

Ms Thin Thin Soe

Mr Myo Thein

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