• Reviewed and approved proposed strategies for improvements & optimisation in both MSM Sugar Refinery (Johor) Sdn Bhd and MSM Prai Bhd to address operational issues • Reviewed, recommended and approved new gas supply agreement for refineries operations • Reviewed and approved revisions of MSM Group policies relating to procurement • Reviewed Group’s business strategies for expansion and diversification Governance and Others • Reviewed, deliberated and approved among others, reports for disclosure in Annual Report 2020, policies and procedures and matters related to the 2021 AGM • Reviewed the Circular to Shareholders pertaining to the Divestment of 100% Shares in MSM Perlis Sdn Bhd owned by MSM Malaysia Holdings Berhad to FGV Integrated Farming Holdings Sdn Bhd • Approved the Nomination by CEO Action Network of MSM Group CEO as Main Member • Reviewed the Establishment of Whistleblowing Channel (System) & Committee in MSM Malaysia Holdings Berhad and its Group of Companies • Reviewed the status of COVID-19 cases for MSM Group time by time and set up the task force to manage and control the case of COVID-19 • Reviewed the Level of Compliance and Gap Analysis for practices under MCCG 2021 • Reviewed MSM Cyber Security Status of MSM Group Board Composition The following were the changes in the Board Composition during FY2021: • Appointment of the following Non-Independent Non-Executive Directors: i. Dato’ Amir Hamdan Hj Yusof as Nominee Director for KPF effective 12 January 2021 ii. Nik Fazila Nik Mohamed Shihabuddin and Azman Ahmad, represented FGV effective 18 October 2021 • Resignation of Dato’ Haris Fadzilah Hassan on 7 April 2021. Gender Composition Skill & Experience Age Tenure 2 3 4 7 6 1 5 4 3 2 2 1 Female NINED Male INED Strategy & Risk Upstream Business Corporate Business/Administration Accounting/Finance Legal Logistics/Transportation ESG 7 2 2 7 50-59 60-69 Below 3 years 7-9 years Board Diversity for FY2021 The Board recognises the importance of diversity in its composition to ensure effectiveness and good corporate governance. The NRC and Board regularly review the composition of the Board to ensure proper discharge of its functions and obligations. All Directors are appointed via a robust process, based on merit and in line with the standards set out in Paragraph 2.20A of the Listing Requirements. The background of each Director can be found on pages 186 to 194, demonstrating the Board’s diversity policy. With the above changes, the Board composition under the financial review, comprised of nine (9) members, with six (6) Independent Non-Executive Directors (INED) and three (3) Non-Independent Non-Executive Directors (NINED). This complied with the Paragraph 3.04 of Listing Requirements and Practice 5.2 of MCCG 2021. SUSTAINABILITY JOURNEY HOWWE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 219
RkJQdWJsaXNoZXIy NDgzMzc=