UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 GOVERNANCE 139 138 CORPORATE GOVERNANCE OVERVIEW STATEMENT Directors’ Continuing Education Programmes Recognising that continuous education is vital to gain insight into the state of economy, technological advances, regulatory updates and management strategies for Directors to discharge their responsibilities effectively, a specific budget has been allocated for Directors’ training. The Board’s training needs are assessed and identified through the Board Evaluation Assessment. In addition to individual Director’s recommendations on appropriate trainings that will enhance Board effectiveness, the Board is also regularly updated on the availability of external training courses for their consideration by the Company Secretary and the Edgenta Academy team. Additionally, since the corporate liability provision of the Malaysian Anti-Corruption Commission Act (“MACC Act”) came into effect, the NRC has recommended for all Directors of the Company to attend at least one external briefing on Section 17A, MACC Act as part of Directors’ training and development. Therefore, the Company Secretary is constantly monitoring to ensure the recommendation of NRC was met when there are new directors appointed to the Board. During the year under review, the Directors have attended various seminars and training programmes to gain insights into the latest regulatory and industry developments in relation to the Group’s businesses. Besides formal training programmes, the Board is also kept abreast on regulatory updates from the Bursa Malaysia Berhad, Securities Commission Malaysia and the Companies Commission of Malaysia by the Company Secretary. In line with the Management strategy to focus on Environmental, Social and Governance (“ESG”), the Board has also been upgrading their ESG competencies by attending courses in relation with ESG. Ms. Jenifer Thien is currently attending the ESG Competent Boards Certificate and Designation Program. This program syllabus contains 12 strategic ESG session topics. Upon graduating, Ms. Jenifer Thien will attain the Global ESG Competent Boards Certificate and Designation (GCB.D). At the 2021 Pre-Board Convergence held on 7 October 2021, the Management focussed the discussion around ESG and sustainability, and also invited speakers to share on ESG topics. Board Training Hours Technology 113 hours Market Trends 104.5 hours ESG 77.5 hours Business Sustainability 183.5 hours Risk Management 34 hours Finance 71.5 hours Leadership/Human Capital 75.5 hours Governance/Compliance 127.5 hours CORPORATE GOVERNANCE OVERVIEW STATEMENT BOARD COMPOSITION Ensuring the Right Composition As at 31 December 2021, the Board consist of ten (10) members, comprising an Independent Non-Executive Chairman, one (1) Executive Director, three (3) Non-Independent Non-Executive Directors and five (5) Independent Non-Executive Directors. One third (1/3) of the Board comprises of Independent Non-Executive Directors, in compliance with Paragraph 15.02(1) of the Listing Requirements. For year 2021, the Company had 60% Independent Non-Executive Directors and 40% Women Directors on Board. Independent Non-Independent Male Female Below 50 years 61 to 70 years 50 to 60 years 70 years above 60% 40% Gender 60% 40% Independence 1 3 2 4 Age Between 1 - 5 years Above 8 years Malay Others Chinese Malaysian 1 9 Tenure on Board 5 1 4 10 Nationality Ethnicity
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