Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 51 PRINCIPLE A – BOARD LEADERSHIP AND EFFECTIVENESS (CONT’D) I. BOARD RESPONSIBILITIES (CONT’D) Continuous Professional Development (Cont’d) Directors Training/Seminar/Conference/Workshop Ng Chee Whye • Sec Comm AOB Conversation with Audit Committees • Directors’ Duties and Climate Change • Sec Comm AOB Conversation with Audit Committees – Session 2 Gerald Chiu Yoong Chian • ‘Unconscious Bias’ online training July 2022 • ’Cayman directors’ Anti-Money Laundering and Countering the Financing of Terrorism online training July 2022 • Information Security online training Dec 2022 Koh Huey Min • Women in Leadership – Transformational Leadership • Audit Oversight Board, Conversation with Audit Committee, Good Practices for Audit Committees in Support Audit Quality • Directors’ Duties & Climate Change • Audit Oversight Board, Conversation with Audit Committee, AOB Inspection Result 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 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 and business 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 20 to 22 of the Company’s 2022 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. CORPORATE GOVERNANCE OVERVIEW STATEMENT (CONT’D)
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