MSM Malaysia Holdings Berhad Annual Report 2020

NOMINATION AND REMUNERATION COMMITTEE REPORT The assessment and analytical process involved the following: a. Document review by CG Board mainly, Board and Board Committees minutes of meetings, Board Charter and TOR of Board Committees; b. Online high level survey which involved seven (7) Directors and five (5) key Senior Management staff; c. One-to-one interview with all Directors, selected key Senior Management staff who regularly interacts with the Board and Board Committees and additional three (3) Management staff to get a better insight into the operational challenges on the ground, notably the Johor Plant and people as well as cultural integration. The project planning started in August 2020 and fieldwork was completed between 2 to 23 December 2020. Prior to the commencement of field work, CG Board debriefed the Chairman and the NRC Chairman of the project objectives, scope, methodology, deliverables and the core findings of the previous year BEA. Their expectations and requirements were logged into the scope of the review. The scope and coverage of this BEA 2019/2020 encompasses the ten (10) and the overall rating core drivers as detailed below: In summary, there are improvements in eight of the ten core drivers evaluated compared to the BEA carried out in 2019 (rated as Moderate Effective) and overall, the Board is rated as Effective. OVERALL EFFECTIVE BOARD DYNAMICS BOARD/ MANAGEMENT RELATIONSHIPS BOARD COMPOSITION AND DIVERSITY BOARD LEADERSHIP BOARD ROLES AND RESPONSIBILITY BOARD INFORMATION BOARD PROCESSES BOARD COMMITTEES BOARD AGENDAS AND MEETINGS BOARD STAKEHOLDERS COMMUNICATION ENGAGEMENT MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 104 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT