2020 UEM Edgenta Annual Report

Board Focus Areas The Board is responsible for ensuring that the Company is appropriately managed and achieves the strategic objectives that it sets. For the financial year end, the Board discharged its responsibilities through an annual programme of meetings which was planned ahead in the fourth quarter of 2019. The annual Board meeting calendar is then communicated to the Directors prior to the commencement of the new financial year. Special meetings are convened as and when required. The following are the board activities during the financial year under review:- Strategic Plans and Direction • Reviewed and approved:- - The Annual Operating Plan, Corporate Scorecard and Managing Director/Chief Executive Officer Scorecard. - The divestment of Operon Asset Advisory Sdn. Bhd., an associate of the Company. - The forward plan for Edgenta Environmental & Material Testing Sdn. Bhd. - The rationalisation of Property & Facility Solutions’ Corporate Structure. Health, Safety and Environment • Reviewed the Health, Safety and Environment Report on quarterly basis. Overseeing the conduct of the Group’s business • Reviewed and approved:- - The new organisation structure. - The revised Discretionary Authority Limits. - The establishment of Edgenta Management Committee for the Company during the transition period in the absence of Managing Director/Chief Executive Officer. Risk Management • Reviewed the recommendation from BGRC and approved the following:- - Risk Management Status Report on quarterly basis. - Revision of the Whistleblowing procedures. - Integrity & Compliance Reports. - Integrity & Compliance Plan. - Third Party Risk Management Framework. Financial Statements • Reviewed the recommendation from AC and approved the quarterly financial results and audited financial statements. • Met up with the External Auditors for the presentation of their reports. Succession Planning for Senior Management • Reviewed and approved the appointment of the following Senior Management:- - Managing Director/Chief Executive Officer - Chief Financial Officer - Chief Digital Officer - Chief Strategy Officer - Head of Infrastructure Services - Head of Legal - Head of Internal Audit • Reviewed and approved:- - The confirmation of Chief People Officer. - The strategies for Succession Plan. UEM EDGENTA BERHAD 124 Governance CORPORATE GOVERNANCE OVERVIEW STATEMENT