Launch of LBS Green Mission
We are taking a significant step towards greater sustainability practices with the official launch of the LBS Green Mission!
What is LBS Green Mission?
LBS Green Mission aims to be the umbrella initiative, encompassing all environmental efforts in ESG and aligning the Group with the latest environmental practices, and paving the way for a greener future for all.
This event also sees the launch of LBS Green Mission’s 1st activity named “One, Two… Plant a Tree.” where the goal is to plant 1 million trees by 2030, which is in support of the government’s 100 million tree planting initiative.
Find out more at: https://lbs.com.my/sustainability/
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LBS Home Makeover with Goodnite
On last Saturday, LBS Bina Group Berhad (LBS) launched the Customer Loyalty Campaign, “LBS Home Makeover with Goodnite” held at our award-winning KITA @ Cybersouth Sales Gallery!
Malaysian actress, Siti Saleha with the Executive Director of LBS, Dato’ Cynthia Lim alongside the Managing Director of Goodnite Group, Mr Teo Yek Ming officiated the event where lucky LBS homeowners will win themselves a home makeover worth RM150,000!
Special thanks to the homeowners who are present today and our media friends for their continuous support!
Learn how to win yourself a Home Makeover here!👇🏻
TV9 Interview with Dato Cynthia for LBS & Goodnite Home Makeover Campaign
During the official launching of the LBS and Goodnite Home Makeover Campaign that was held in the KITA @Cybersouth Sales Gallery, Dato’ Cynthia Lim, Executive Director of LBS Bina engaged in an exclusive TV interview with TV9 where she shared on LBS’s recent active participation in collaborations.
Aside from building quality and affordable homes, LBS is constantly in search of ways to give back and bring value to the community, especially to our customers. Collaborations like these allow us to reward them in innovative and inspiring ways.
Goodnite is a renowned national brand that manufactures quality bedding and furniture that LBS is proud to associate our brand with. Homeownership is a significant milestone, but definitely not an easy one. On top of buying the house itself, they will need to furnish their homes before moving in. With this collaboration, LBS homeowners stand a chance to win a complete makeover for an interior space of their choice worth RM150,000.
LBS Bina Media Briefing 2023
On the 10th of January 2023, LBS held its annual media briefing.
Which closed off 2022 with RM2.0 billion in property sales, surpassing their 2022 property sales target of RM1.6 billion by 25% plans to launch 12 new projects in 2023 – which will cover the Klang Valley, Johor, Pahang, and Perak states, with a total GDV of RM 2.09 billion and 4,021 cumulative units.
The LBS 2023 Media Briefing was held at the record-winning KITA@Cybersouth Sales Gallery.
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LBS Chinese New Year Night 2023 graced by the King
27 Feb 2023 #YearOfTheRabbit #ChineseNewYear2023
LBS Bina held a Chinese New Year Dinner for the Year of the Rabbit. This prestigious event was graced by the presence of Agong and Raja Permaisuri Agong which added a regal touch to the occasion, imbuing it with a sense of honor and joy. Their presence was a testament to the importance of LBS Bina Group Berhad and their strong partnership with the local community.
The event was a celebration of Chinese New Year, a major holiday in Malaysia, and brought together business leaders, community members, and royalty for an unforgettable evening, paired with a feast of traditional Chinese New Year delicacies, and was treated to captivating performances by talented local artists.
#LBSBina #ChineseNewYear2023 #YearOfTheRabbit
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Diversity Policy
- INTRODUCTION
The Board of Directors (“Board”) of LBS Bina Group Berhad (“LBGB” or “Company”) recognises that diversity in Board composition and Key Senior Management is an essential element in attaining the strategic objectives of the Group and promoting good corporate governance.
2. OBJECTIVES
To set out Company’s policy in relation to diversity of the Board of Directors and Key Senior Management of the Company.
3. PRINCIPLES ON DIVERSITY POLICY
The Company recognises and embraces the benefits of having a diverse Board and Key Senior Management to enhance the quality of its performance. With a view to achieving a sustainable and balanced development, the Company aims at increasing diversity at the Board and Key Senior Management level as an essential element in supporting the attainment of its strategic objectives and its sustainable development The diversity for the Board and Key Senior Management will be considered based on a number of aspects, including but not limited to gender, age, cultural and educational background, ethnicity, professional experience, skills and knowledge. All Board appointments will be based on merit, contribution that the selected candidates will bring to the Board. The candidates will be considered against selection criteria and objective, having due regard for the benefits of diversity on the Board. The appointment of Senior Management is also based on merit and leadership skills, with due regard for diversity in skills, experience, age, cultural background and gender.
4. MEASURABLE OBJECTIVE
The Board would take into consideration the following measures:
- The Board is of the view that, while it is important to promote diversity including gender, age and ethnicity, the board selection criteria based on an effective blend of competencies, skills, extensive experience and knowledge to strengthen the Board should remain a priority. Thus, the Company does not set any specific target for female directors in the Diversity Policy and will actively work towards having more women directors on the Board to comply with the recommendation of the Malaysian Code of Corporate Governance 2021 to have at least 30% women directors on the Board. In addition, the Company shall also observe this Policy when engaging senior management personnel.
- The Nomination and Remuneration Committee (“NRC”) is responsible in ensuring that diversity principles are adopted in Board and/ or Key Senior Management’s appointment, board performance evaluation and succession planning processes.
- The Company shall provide a suitable working environment that is free from harassment and discrimination in order to attract and retain women participation on the Board and/ or Key Senior Management.
5. MONITORING AND REPORTING
The Human Resource Department is (among other things) responsible for:
- assessing the appropriate mix of diversity in addition to skills, experience and expertise required on the Key Senior Management;
- making recommendations to the NRC to maintain an appropriate mix of diversity in addition to skills, experience and expertise on the Key Senior Management; and
- reporting to the NRC in relation to new appointment of Key Senior Management.
The NRC is (among other things) responsible for:
- assessing the appropriate mix of diversity in addition to skills, experience and expertise required on the Board and assessing the extent to which the diversity is required on the Board;
- making recommendations to the Board in relation to Board succession, including the succession of the Chairman, to maintain an appropriate mix of diversity in addition to skills, experience and expertise on the Board;
- reviewing and reporting to the Board in relation to any new development regarding Board and/or Key Senior Management’ diversity; and
- report to the Board on:
✓ initiatives undertaken by the NRC in relation to board and/or Key Senior Management’ diversity and to achieve the Measurable Objectives.
✓ progress in achieving the Measurable Objectives and to make recommendations to the Board on the same.
6. REVIEW OF POLICY
This Policy has been approved by the Board and is made available for reference on Company’s corporate website and internal computer networking system.
It shall be reviewed by the Board and updated whenever necessary to ensure the Group remains at the forefront of best practices in corporate governance. Any subsequent amendments to the Policy should only be approved by the Board upon recommendation by NRC.
Dividen Policy
The Company’s normal dividend policy is adopted to ensure sustainable long-term yields to shareholders consistent with the Company’s earnings growth, while maintaining an efficient capital structure and ensuring sufficiency of funds for future growth.
The dividend policy seeks to distribute 30% of the Company’s profit after taxation and minority interest commencing from the financial year ended 31 December 2021, subject to availability of distributable reserves as well as the Company’s future cash flow requirements and market conditions.
Dividends will be paid only if approved by the Board of Directors of the Company or shareholders, as the case may be, out of funds available for such distribution. The actual amount and timing of dividend payments will depend upon the Company’s cash flow position, results of operations, business prospects, current and expected obligations, and such other matters as the Board of Directors may deem relevant.
