WASCO BERHAD 138 The Governance, Compliance and Risk Committee of the Company was established on 23 May 2023 and the name of the Committee was changed to Board Sustainability Committee (“BSC”) on 29 August 2024 to better reflect the Economic, Environment, Social and Governance (“EESG”) initiatives undertaken by the Board. 1. ROLE OF THE BOARD SUSTAINABILITY COMMITTEE The BSC assists the Board in fulfilling and overseeing its sustainability related initiatives and activities which comprised of all EESG related initiatives, the oversight responsibilities in corporate governance, integrity, risk management and compliance with the relevant Acts, Laws, Requirements, Codes, Regulations and Policies governing the Company. The BSC also oversees the development and implementation of the Group’s sustainability-related framework, anti-bribery and corruption compliance, anti-money laundering compliance, risk management framework and all other relevant compliances and their related policies and frameworks. The BSC conducts review and investigation on issues which came to their attention within its terms of reference and as authorised by the Board, including seeking any information from any parties and to obtain outside legal or other independent professional advice at the Company’s expense if the BSC considers necessary. The BSC reports and updates the Board on matters and findings by the BSC and makes the necessary recommendations to the Board within its terms of reference or as authorised by the Board. The Terms of Reference of the BSC is available on the Company’s website at www.wascoenergy.com. 2. MEMBERS AND MEETINGS The members and details of attendance of Directors at the BSC Meetings of the Company for the financial year ended 31 December 2024 are as follows:- Name of Director Directorship Date of Appointment No. of Meetings Attended Lily Rozita Binti Mohamad Khairi (Chairman) Independent Non-Executive Director 23 May 2023 4/4 Tan Sri Professor Lin See Yan (Member) Non-Independent Non-Executive Director 23 May 2023 2/4 Datin Wan Daneena Liza Binti Wan Abdul Rahman (Member) Independent Non-Executive Director 23 May 2023 4/4 3. RESPONSIBILITIES AND DUTIES OF THE BSC The BSC undertakes oversight of the following:- A. Corporate Governance, Compliance, Regulatory, Tax and all relevant compliance matters of the Company (i) Evaluate and monitor the Company’s compliance with the relevant Acts, Laws, Requirements, Codes, Regulations and Policies governing the Company; (ii) Review the assessment of the alignment to the relevant regulatory standards in the Company’s systems, controls and conduct of business; (iii) Receive and consider reports of non-compliance by the Company from the external service providers i.e. the auditors, legal advisors, agents, consultants and external parties with any relevant Acts, Laws, Requirements, Codes, Regulations and Policies governing the Company; (iv) Ensure the Company’s tax matters are managed in line with the relevant tax legislations and the Company’s overall approach to governance and transparency while ensuring stakeholders interest are protected; BOARD SUSTAINABILITY COMMITTEE
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