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Bonia Business Strategy

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BONIA is a luxury brand which is expert in leather internationally. It established since 1974. It had created a symbol legend in the fashion industry. It also achieved supreme prestige and numerous milestone around the world. BONIA, this luxury brand is came from inspiration of Italy. It have three highlighting main principals which are Modent, Elegant and Contemporary. BONIA Group has a network of over 1,400 sales outlets and 170 standalone boutiques throughout the world including countries such as Malaysia, Singapore, Thailand, Cambodia, Vietnam, Myanmar, Indonesia, Japan, Taiwan, Kuwait and Saudi Arabia. BONIA listed entity on the Main Market of Bursa Malaysia Securities Berhad, the holding company of BONIA group that is primarily involved …show more content…
Mr Chiang Sang Sem is an Executive Chairman of the BONIA’s company and now he is the Executive Chairman cum Chief Executive Officer of the BONIA. He also is the founder of the BONIA. He was being a Chairman since 16 June 1994. His involve in the leather industry almost 30 years. He possesses knowledge, skills and experience in all aspects of the leatherwear trade. He is responsible for the overall business development and formulating the Group’s strategic plans and policies. To ensure that the Group is in line with the trend of the fashion and technological changes in the leatherwear and fashion accessories industry, he travels to Italy, France, Germany, Japan, Hong Kong, Taiwan, China, Bangkok, Vietnam and Indonesia. Besides that, his brothers, Chiang Sang Bon, Chiang Heng Kieng and his sons, Chiang Fong Yee and Chiang Fong Tat, are also the members of the Board. The role play by the board of director is to lead and control the Company with the ultimate objective of realising long-term shareholder value. Moreover, the Audit and Risk Management Committee shall assist the Board in examining the company’s matters pertaining the financial reporting, risk management and internal control, internal and external audit processes, related party transaction and conflict of interests situation and reduce the risk the company may taking. Furthermore, the Nomination & Remuneration Committee shall also assist the Board to carry out periodic review on the remuneration policies and procedures to attract, retain and motivate Directors. Corporate governance is important in the particular company or corporation in order to help company achieve the mission, vision and objective. The cooperation between each other and the understanding of the role of each party in the company is

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