181 SECTION 5 COMMITMENT TO GOVERNANCE INTEGRATED ANNUAL REPORT 2025 CORPORATE GOVERNANCE OVERVIEW STATEMENT Wasco Forest 2.0 focuses on developing a sustainable secondary forest ecosystem, enhancing biodiversity, and establishing a living research platform. This platform will be used to monitor ecosystem health and conduct tree and soil carbon stock assessments for carbon sequestration measurement. A technical assessment conducted by FRIM and Eco-Ideal Consulting reported a good level of carbon sequestered from the forest. In addition, a biodiversity study by UPM for Wasco Forest 1.0 reported a notable return of flora and fauna species, providing clear evidence of positive ecological restoration outcomes. 1.8 Supply of Information The Board is briefed in a timely manner on all major financial, operational and corporate matters. In order to maintain confidentiality, meeting papers on issues or corporate proposals which are deemed highly confidential and sensitive, would only be distributed to the Directors at the Board meeting itself. The Board stresses on having timely reports and has full access to quality information which is not just historical or bottom line and financial oriented but information that goes beyond assessing the quantitative performance of the Group and other performance factors e.g. customer satisfaction, product and service quality, market share, market reaction, environmental protection, etc. The Directors have access to all information within the Company whether as a full Board or in their individual capacity, in furtherance of their duties. Through regular Board meetings, the Board receives updates, written reports and supporting/discussion documents on the development and business operations of the Group, as well as on potential corporate exercises, proposals, mergers and acquisitions. Minutes of the respective Board Committees’ meetings are presented at Board meetings. The respective Board Committees’ Chairman will brief the Board on major issues deliberated by each of the Board Committees. The Board either collectively or individually is authorised to seek such independent professional advice as may be considered necessary in furtherance of their duties at the expense of the Company. The Directors also have access to the advice and services of its qualified Group Company Secretary in the course of discharging their duties and responsibilities and in fulfilling their obligation to statutory requirements, the MMLR or other rules and regulations, either as a full Board or in their individual capacity. 1.9 Group Company Secretary Ms Irene Woo Ying Pun, the Group Company Secretary of the WB Group, is a Fellow Member of the Malaysian Institute of Chartered Secretaries and Administrators (“MAICSA”) and also a former Council Member of MAICSA from June 2016 to June 2022. She is a qualified Chartered Secretary and a Chartered Governance Professional. She heads the Group Corporate Secretarial Department of WB and is a member of the key senior management team of the WB Group. She was appointed to the position since 3 November 2008. Ms Woo has more than 35 years of extensive relevant working experience in the corporate secretarial practice both as the in-house Group Company Secretary for large public listed groups as well as in large professional consultancy firms. She obtained her initial training of more than six years in Signet & Co. Sdn. Bhd., the Corporate Secretarial arm of Messrs. Ernst & Young. Ms Woo holds directorship in certain subsidiaries within the WB Group, however she does not have any family relationship with any of the Directors or major shareholders of WB and has no conflict of interest whatsoever with WB.
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