Frontken Berhad Annual Report 2020

Annual Report 2020 33 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) PRINCIPLE A – BOARD LEADERSHIP AND EFFECTIVENESS (cont’d) I. BOARD RESPONSIBILITIES (CONT’D) Continuous Professional Development (Cont’d) All Directors have completed the Mandatory Accreditation Programme as required by the Main Listing Requirements of Bursa Securities. During the financial year under review, the trainings attended by the Directors included briefings, seminars, workshops and conferences conducted by the relevant regulatory authorities and professional bodies. Details of the training programmes attended or participated by the Directors are as follows: (Cont’d) Directors Training/Seminar/Conference/Workshop Ng Chee Whye • Law Partnership - Safeguarding Your Organisation From Corporate Liability • SIDC - Opportunities in Derivatives Markets Explaining Gerald Chiu Yoong Chian • Anti-harassment • Private Equity Compliance Refresher • COVID and SEA consumers • Southeast Asia Private Equity: Market Status and Impact of COVID-19 • Southeast Asia PEVCWebinar • Rethink The Future: The end of the Industrial Order and the Coming Age of Freedom • Information Security • Environmental, Social and Governance training – Primer on UN Principles of Responsible Investing (UN PRI), and Dymon’s obligations as a UN PRI signatory II. BOARD COMPOSITION The Board currently consists of five (5) members, comprising two (2) Executive Directors, one (1) Non-Independent Non-Executive Director and two (2) Independent Non-Executive Directors, the composition of which accords with MMLR of Bursa Securities, which stipulate that at least two (2) Directors or one-third (1/3) of the Board, whichever is higher, must be independent. The Non-Executive Directors, which comprise the majority of Board members, provide the necessary checks and balances in the Board’s exercise of its functions by providing an objective and unbiased evaluation of the Board’s decisions and decision-making process. The Executive Directors are complemented by the experience and independent views of the Non-Executive Directors who are professionals in the field of finance, accounting, administration, strategic management, and research and development. The Board members possess a fair range of business, finance, administration, research and development, and legal experience. The mixed skills and experience are pivotal in directing and supervising the Group’s overall business activities in light of the increasingly challenging economic and operating environment in which the Group operates. The profile of each Director is set out on pages 16 to 18 of the Company’s 2020 Annual Report. The NC is entrusted to assess the adequacy and appropriateness of the Board composition, identifying and recommending suitable candidates for Board membership and also to assess annually the performance of the Directors, succession plans and Board diversity, covering gender, age and ethnicity diversity, training courses for Directors and other qualities of the Board, including core-competencies which the Independent Non-Executive Directors should bring to the Board. The Board has the ultimate responsibility to decide on the appointment. This process ensures that the Board membership accurately reflects the long-term strategic direction and needs of the Company and determines the skill matrix to support the strategic direction and needs of the Company. Based on the annual assessment conducted in March 2021, the NC was satisfied with the existing Board composition and concluded that each Director has the requisite competence and capability to serve on the Board and had sufficiently demonstrated their commitment to the Group in terms of time and participation during the financial year under review, and recommended to the Board for the re-election of the retiring Directors at the Company’s forthcoming Annual General Meeting (“AGM”). All assessments and evaluations carried by the NC in discharge of its functions were duly documented. Corporate Governance Overview Statement (cont’d)