YTL Corporation Berhad (YTL) is a Malaysia-based infrastructure conglomerate founded by Tan Sri Dato’ Seri Yeoh Tiong Lay in 1955 (YTL, 2013). The principal activity of the company is investment holding and management (YTL, 2013). The current managing director is Tan Sri Dato’ (Dr) Francis Yeoh Sock Ping (YTL, 2013). YTL is listed on Bursa Malaysia since 1985, and it was the first Asian non-Japanese company to be listed on Tokyo Stock Exchange in 1996 (YTL, 2012).
“World Class Products and Services at Competitive Prices” is the philosophy of YTL (YTL, 2012). The group’s main divisions are utilities, cement manufacturing, construction contracting, operation & maintenance activities, property development and investment, hotel development and management, IT and E-commerce initiatives, operating mainly in Malaysia, United Kingdom and Singapore (YTL, 2013). YTL also provides carbon consulting service through Clean Development Mechanism (YTL, 2012). The company is expanding its Real Estate Investment Trust (REIT) portfolio with properties located at Kuala Lumpur, Orchard Road in Singapore, Japan and Australia (YTL, 2012). Although YTL is an innovative blue-chip company emphasizing on blue ocean strategy to create a new market, they still have competitors. Local competitors include Tenaga Nasional Berhad, Gamuda Berhad, IJM Corporation Berhad and Malakoff Bhd. Foreign competitors are Agl Energy Ltd in Australia, National Grid Plc in United Kingdom, and Temasek Holdings in Singapore.
2.0 Corporate Social Responsibility Practices at YTL Corporation Berhad
1. Corporate governance
Policy of Corporate Governance is yet to be included in the annual report. A charter will be adopted at a later year.
There are 13 directors, with 9 being executive directors and 4 independent non-executive directors. There are 2 women representatives of whom are both executive directors and daughters of the executive chairman.
Board’s remuneration is
References: Scottish Union of Supported Employment. (2013). Sample Diversity Report. Retrieved February 2, 2014 from Scottish Union of Supported Employment: http://www.suse scotland.co.uk/media/19449/7%20sample%20diversity%20audit.pdf YTL Corporation Berhad YTL Corporation Berhad. (2013). Annual Report 2013. Retrieved February 18, 2014, from http://www.ytlcommunity.com/annualreport/pdf/YTL%20Corporation%20Be rhad_Annual%20Report%202013.pdf YTL Corporation Berhad YTL Corporation Berhad. (2012). Philosophy. Retrieved February 13, 2014, from http://www.ytl.com/philosophy.asp YTL Corporation Berhad YTL Corporation Berhad. (2013). Sustainability Report 2013. Retrieved February 18, 2014, from http://www.ytl.com/reports/YTL%20Corporation%20Berhad_Sustain ability%20Report%202013.pdf YTL Sustainability Division