05 CORPORATE GOVERNANCE DATASONIC GROUP BERHAD 74 The Board of Directors (“the Board”) of Datasonic Group Berhad (“the Company”) is committed to upholding and inculcating good corporate governance practices, with the primary objectives of safeguarding shareholders’ interests, maintaining confidence of its stakeholders and for long-term sustainability and growth. The Board is pleased to present this statement with an overview of the corporate governance practices of the Company during the financial year ended 31 March 2024 in respect of the following principles as set out in the Malaysian Code on Corporate Governance 2021 (“MCCG”):- Principle A: The Board leadership and effectiveness; Principle B: Effective audit and risk management; and Principle C: Integrity in corporate reporting and meaningful relationship with stakeholders. This statement is prepared in compliance with Paragraph 15.25 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) and it is to be read together with the Corporate Governance Report 2024 of the Company which is available on the Company’s website at www.datasonic.com.my. The Corporate Governance Report 2024 provides details on how the Company has applied each Practice as set out in the MCCG. OVERVIEW STATEMENT CORPORATE GOVERNANCE PRINCIPLE A - BOARD LEADERSHIP AND EFFECTIVENESS I. BOARD RESPONSIBILITIES The Board The Board is collectively responsible to discharge their duties and responsibilities at all times as fiduciaries in the interests of the Company and shall act with integrity for creating and delivering long-term success of the Group and sustainable value to the shareholders and various stakeholders. The Board determines the Group’s vision and mission to guide and set the pace for its current operations and future development. The Board delegates authority to management, and monitor and evaluate the implementation of policies, strategies and business plans. The Board has established and delegated the authority to the Board Committees, namely, the Audit Committee (“AC”), Nomination and Remuneration Committee (“NRC”), Risk Management Committee (“RMC”) and Employees’ Share Option Scheme Committee (“ESOSC”), to monitor and evaluate the implementation of policies, strategies and business plans, internal control systems and risk management. The Board appoints the Chairman and members of each Committee and the Board Committees operate within their approved Terms of Reference set by the Board. The Chairman of each Board Committee reports to the Board on the deliberation and outcome of the Committee meetings and make appropriate recommendations thereon to the Board for its consideration and decision. In July 2023, the Board approved the revision to the Group Functional Organisation Structure to be aligned with the Group’s operations, goals and objectives. Board Leadership The Executive Chairman leads the Board and managing the Board effectiveness by focusing on corporate strategies, governance and decision-making. The Executive Chairman also oversees the business affairs of the Group and is responsible for leading the Management in the execution of policies and strategies approved by the Board.
RkJQdWJsaXNoZXIy NDgzMzc=