Tropicana Corporation Berhad Annual Report 2018

TROPICANA CORPORATION BERHAD 74 ABOUT TROPICANA OUR STRATEGIC PERFORMANCE OUR LEADERSHIP SUSTAINABILITY AT TROPICANA CORPORATE GOVERNANCE OVERVIEW STATEMENT T he Board of Directors (“ Board ”) of Tropicana Corporation Berhad (“ Tropicana ” or “ Company ”) is committed to maintain high standards of corporate governance to protect and enhance the shareholders’ value as well as the continued growth and success of the Company and its subsidiaries (“ Group ”). The Board supports the principles and recommendations of the new Malaysian Code on Corporate Governance issued by the Securities Commission Malaysia which has come into force on 26 April 2017 (“ MCCG ”) and replaced the Malaysian Code on Corporate Governance 2012. The Board will continue to review the existing corporate governance practices throughout the Group and to undertake appropriate actions in embedding the principles and recommendations of the MCCG. “Environmental, Social and Governance disclosures on non-financial factors such as corporate governance, cybersecurity and environment issues are becoming an increasingly important consideration for investors, forming part of the honest and transparent communication that Investor Relations professionals should effectively articulate to win their confidence and trust. To this end, Bursa Malaysia on our part drives an ongoing agenda to encourage public-listed companies to adopt, and report on sustainability, corporate governance and transparency. This started with the 2006 introduction of Corporate Social Responsibility disclosures in Annual Reports.” Speech by Datuk Seri Tajuddin Atan Chief Executive Officer, Bursa Malaysia at 8 th MIRA Awards Ceremony held on 5 December 2018 Board Leadership and Effectiveness Principle A Principle B Principle C Effective Audit and Risk Management Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders This Statement, which is made pursuant to Paragraph 15.25(1) of the MainMarket ListingRequirements (“ MMLR ”) of BursaMalaysiaSecurities Berhad (“ Bursa Securities ”), sets out the extent to which the Group has applied the principles and the recommendations of the MCCG throughout the financial year ended 31 December 2018 (“ FY2018 ”). Details of the application of each practice of the MCCG during the FY2018 are set out in the Corporate Governance Report which is available on the Company’s website at www.tropicanacorp.com.my. This Corporate Governance Overview Statement (“ Statement ”) made reference and provide the details on how the Company applied and upheld the three (3) main principles highlighted in MCCG during the FY2018, which are:- In addition, the Company’s governance framework are based on the following statutory requirements in building the sustainability values:- Tropicana Group’s Corporate Governance Framework Malaysian Code on Corporate Governance 2017 Main Market Listing Requirements Companies Act 2016