Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 11 Social – We believe it is important that we give back to the community we live in and step up for them when they needed our support. We did this through various initiatives over the last years. For example, we believe that by helping and cultivating our younger generations/ interns from various backgrounds as well as hiring underprivileged persons will help them to be independent and at the same time allows them to be self-sufficient and to have equal opportunities in the society. Additionally, our employees actively participate in activities such as blood donation drives and support for vulnerable and less privileged groups. Over the years, we continued to foster staff wellness and development, maintain safe workplace, promote inclusion and equality, provide equal opportunities, encourage training and support retention of our talented people, among others. We believe by creating a happy workplace and good morale will in turn boost productivity as a whole. In 2023, we recorded an employee retention rate of 98%, achieving 103% of our target goal. During the year, we continued our engagement with suppliers, customers and other stakeholders. We ensure that we provide our customers with the best services and good selling practices. Governance – The Board is responsible, among other things, for reviewing the Group’s strategy, its risk management and ensuring that there is a proper system of internal control in place. In the past few years, the Board had also discussed and established plans in the succession of the leadership team. We have a strong and stable Board consisting of Directors with a wide range of relevant knowledge, skills and experience, as more particularly set out in our Annual Report pages 20 to 22. In addition, we actively engage with our shareholders through investor days, conferences and meetings in different locations around the world. These interactions with our potential shareholders and existing shareholders throughout the year provide us with valuable insights and help us refine our strategic priorities and our ESG goals. More information on our Governance can be found in the Corporate Governance and Sustainability Report 2023. Further details on the Group’s Sustainability initiatives and achievements for FY2023 are available at the Sustainability section of this Annual Report and the full report on our website at www.frontken.com. AWARDS AND RECOGNITION Frontken, for the third time, was selected as “Forbes Asia 200 Best Under a Billion Company” in FY2023. According to Forbes methodology, the list recognises 200 companies with long-term sustainable performance across a variety of metrics from a universe of 20,000 publicly traded companies in the Asia-Pacific region with annual sales above US$10 million and below US$1 billion. This recognition means a lot to us and it motivates us to work harder to achieve greater heights. In 2023, once again we won The Edge Malaysia ESG Awards under the category “Most Improved Performance Over Three Years”. The awards are a reflection of our commitment in our work in ESG and serves as an encouragement for us to do better and continue to pursue our long-term objectives in this area. Additionally, the Group has been a constituent for the FTSE4Good Bursa Malaysia and FTSE4Good Bursa Malaysia Shariah Index since 2021. CHAIRMAN’S MESSAGE (CONT’D)
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