WASCO BERHAD 152 CORPORATE GOVERNANCE OVERVIEW STATEMENT The Committee meets at least four (4) times a year to review the adequacy of the anti-bribery and anti-corruption compliance with Section 17A of the MACC Act by the Group and where necessary matters pertaining to AMLA, and to deliberate and manage any complaints and allegations of bribery and act of corruption reported to the Committee. The proceedings of each meeting shall be minuted and a copy of the minutes will be circulated to the BSC/Board for their attention. The Chairperson of the Committee shall update and report formally to the BSC/Board and make any necessary recommendations to the BSC/Board during the quarterly BSC/Board meetings or as and when the need arises. The Committee has oversight of policy making, review and improvisation of the Company’s ABC Policy, ABMS Manual and its twenty-four (24) SOPs and practices for compliance with the MACC Act and the AMLA Policy for compliance with AMLA. iii. Sustainability Steering Committee The Sustainability Steering Committee (“SSC”) is spearheaded by the Managing Director/ Group CEO and has been carrying out various initiatives on environment and climate change activities and projects. The SSC is designated to support and assist the Board in the oversight of the responsibilities towards the Group’s ongoing commitments and initiatives on its sustainability which encompasses the economics, environment, social and governance aspects to be in line with the Group’s vision, mission and values. The SSC plays an important role in developing the Company’s sustainability strategies, plans, approach and integrating sustainability consideration in the day-to-day operations of the Group and to drive, implement and monitor to ensure effective implementation of the Group’s sustainability strategies, opportunities and plans. The Committee meets at least four (4) times a year for the development, execution, oversight, monitoring and assessing of the Group’s sustainability strategies, priorities, goals, targets, performances, adequacies and related systems, framework, charter and policies. The Chairman of the Committee shall report the necessary updates to the BSC/Board accordingly. The Committee is responsible to ensure timely and efficient communication and reporting of its sustainability reports, sustainability related statements and disclosures to the relevant regulatory/government authorities, stakeholders and shareholders as well as ensuring the quality, accuracy and completeness of the contents thereof. 1.12 Directors’ Training All members of the Board have attended the Mandatory Accreditation Programme (“MAP”) Part 1 and Part 2 as required under the MMLR except for Tan Sri Professor Lin See Yan and Encik Halim Bin Haji Din who will be attending their MAP Part 2 in June 2025. The Directors attend continuing trainings and education programmes from time to time to equip and keep themselves abreast of the latest developments in order to discharge their duties and responsibilities more effectively. During the financial year under review, the Directors have participated in various talks, seminars and forums which they have individually or collectively considered as relevant and useful in contributing to the effective discharge of their duties as Directors. The lists of trainings/courses attended by the respective Directors are tabled to the Board at the respective Board meetings held every quarter for the Board’s notation. Based on the results of the annual assessment of the individual Directors, Board Committees and the Board’s effectiveness as a whole as conducted by the NRC, the Board is satisfied with the trainings/courses attended by the respective Directors and that they are well equipped and updated on the industry knowledge and developments in enhancing their skills and in discharging their duties and responsibilities effectively.
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