112 113 Annual Report 2021 TROPICANA CORPORATION BERHAD SUSTAINABILITY AT TROPICANA Our Corporate Governance Fundamental to good business practices is a robust corporate governance framework that serves to uphold the trust of our stakeholders, maintain effective risk management strategies and prioritises good business conduct. In managing the expectations of our stakeholders and keeping them abreast with our business operations, we maintain a clear line of communication with regard to our corporate performance through Annual General Meetings, Annual and Quarterly financial reports as well as publication of Board policies on our corporate website www.tropicanacorp.com.my/corporate-governance The Board sits at the apex of our corporate structure and is responsible for overseeing the overall governance within the Group. To sustain the value creation of Tropicana, the roles and responsibilities of the Board is presented in our Board Charter, supported by the Remuneration Policy for Directors and Senior Management. In ensuring transparency and accountability for our operations, we are guided by the Malaysian Code on Corporate Governance 2021 (“MCCG 2021”) and report our performance via the Corporate Governance Report on an annual basis. Tropicana also believes in achieving exemplary standards of ethical conduct and professionalism. We foster this by establishing policies that outline the rules of conduct that is applicable to all our employees and the wider stakeholder groups throughout their involvement with Tropicana. Board of Directors Policy Board Charter • • Presents the Group’s expectations on the Board to manage stakeholders’ interests • • Describes key responsibilities held by the Board of Directors • • Corporate website Remuneration Policy for Directors and Senior Management • • Outlines clear guiding principles for fair practices in determining the remuneration of the Board and Senior Management • • Corporate website Corporate Policies, Codes and Procedures Malaysian Code on Corporate Governance 2021 • • National Code that outlines best practices and recommendations for organisations to implement as part of their corporate governance framework • • Securities Commissions website Code of Conduct • • Presents the Group’s expectations on employees to prioritise and adhere to ethical business practices throughout their tenure with Tropicana • • Employee portal • • Corporate website Personal Data Protection • • Discloses how information is collected and retained by the Group in accordance to the Personal Data Protection Act 2010 (“PDPA”) • • Employee portal Corporate website: www.tropicanacorp.com.my/corporate-governance Risk Management and Sustainability Performance A core pillar that upholds the concept of sustainable development is effective risk management practices that is applied to manage our material sustainability matters. The Enterprise Risk Management (“ERM”) framework was adopted into the Group’s business model back in 2012 as a step to promote sound corporate governance and assist our Management team on decision-making processes. The framework further provides guidance on how to identify, evaluate, minimise and monitor risks associated with our daily operational activities that may impact our business performance and stakeholder interests in the short-, medium- and long-term. With the support of our Board of Directors and Risk Management Committee, our Risk Management Department analyses and reports on key risks to the Group’s overall performance on a quarterly basis. Overall, we seek to achieve a sustainable balance between taking calculated risks to achieve competitive advantage and managing daily operations to ensure optimal business performance. Cognisant of the rising interest in ESG considerations by our stakeholders, we continue to work towards integrating social and environmental aspects into our risk reporting strategy in the years to come. For further information on Tropicana’s Risk Management practices, as well as the key risks we encountered throughout FY2021, refer to pages 188 to 192 for the Statement of Risk Management and Internal Control in our FY2021 Annual Report. Anti-bribery and Anti-corruption (“ABAC”) Policy • • Addresses the Group’s anti-corruption stance that is applicable to all employees, Directors (Executive and Non-executives) and anyone who performs services for or on behalf of the Group, which includes contractors, sub-contractors, consultants, suppliers, agents, intermediaries and representatives of the Group • • Employee portal • • Corporate website Diversity and Inclusion Policy • • Outlines the Group’s commitment to ensuring fair practices throughout the organisation • • Corporate website Whistleblowing Policy • • Describes the process and channels available to report any potential or actual misconduct • • Corporate website Grievance Handling Procedure • • Provides detailed instructions on reporting grievances at workplace • • Employee portal
RkJQdWJsaXNoZXIy NDgzMzc=