CORPORATE GOVERNANCE OVERVIEW STATEMENT Cont’d PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS cont’d II. Board Composition cont’d Board Size, Composition and Diversity cont’d The Board recognises that diversity, in its broadest sense, is a key lever of an effective Board, which comprises individuals with a broad range of backgrounds, skills, experience, expertise and perspectives. The Board is composed of members with experience and expertise in strategy, accounting, finance, legal, regulatory, banking and economics, engineering and business management, which allows for informed deliberation, diverse insights for decision-making at the Board level as well as meeting corporate objectives. The Board supports gender diversity as part of the agenda in achieving boardroom diversity as the Board acknowledges and embraces that a wide range of perspectives is critical to effective corporate governance and strategic decision-making in the fast-changing business environment. The Board composition currently comprises three (3) women Directors, representing 30% of the Board. The female representation in the managerial role at the Management level stands at 26%, with appointments being subject to formal, rigorous, and transparent procedures and decided on merit against a defined job specification and criteria. The Board is committed to supporting the work of the Group to look for new and innovative ways to promote a diverse and inclusive workforce at every level of the organisation. A granular view of the Board composition during the financial year under review can be illustrated below: Accounting Finance & Financial Management Banking & Economic Strategic Business Management Engineering Legal & Regulatory Directors’ Core Competencies PRESS METAL ALUMINIUM HOLDINGS BERHAD 49
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