Chemical Company of Malaysia Berhad Annual Report 2019

Activities during The Financial Year During the year, the Committee reviewed, approved and recommended to the Board of Directors the following: i) Operational plan and budget for the year; ii) Business reviews and implementation of strategic plans, directions and internal corporate restructuring; iii) Expenditures and investment proposals in relation to new equipment, machine replacements and refurbishments, office renovations and construction of plant facilities as well as new projects undertaken within the Group; iv) Investments, divestment and collaboration opportunities; v) Appointment of advisors and consultants. The Committee also monitored during the year the progress of investment proposals, capital expenditures and projects approved by the Board of Directors. In addition, the Committee also reviewed the post-Expenditure Review of the investment proposals, capital expenditures and projects approved by the Board of Directors at least one year after commencement of the projects. BUSINESS OVERVIEW FINANCIAL STATEMENTS OTHER INFORMATION GOVERNANCE 101 ANNUAL REPORT 2019