(iii) Pricing Committee The Pricing Committee shall comprise not fewer than five (5) members, the majority of whom shall be Independent NonExecutive Directors and a minimum of two (2) Non-Executive Directors. As at the date of this Statement, the composition of the Pricing Committee is as follows: Name Position Designation Encik Mohd Najib Bin Abdul Aziz Chairman Independent Non-Executive Director Mr Dion Tan Yong Chien Member Group MD Mr Jared Ang Tzer Shen Member Group Executive Director Datuk Wira Lye Ek Seang Member Independent Non-Executive Director Ms Alice Dora Boucher Member Independent Non-Executive Director The principal objective of the Pricing Committee is to approve the minimum/net selling prices of the new launches of properties to be developed by the Group to ensure that the prices set are market driven. (iv) Investment Committee The Investment Committee shall comprise not fewer than five (5) members, with at least two (2) Independent Non-Executive Directors. As at the date of this Statement, the composition of the Investment Committee is as follows: Name Position Designation Datuk Wira Lye Ek Seang Chairman Independent Non-Executive Director Mr Dion Tan Yong Chien Member Group MD Encik Mohd Najib Bin Abdul Aziz Member Independent NonExecutive Director Mr Jared Ang Tzer Shen Member Group Executive Director Dato’ Mohamad Lotfy Bin Mohamad Noh (Appointed w.e.f. 25 August 2022) Member Independent Non-Executive Director The principal objectives of the Investment Committee are to enhance the shareholders’ value and to protect the stakeholders’ interests as well as to ensure the continued growth and success of the Company. The Investment Committee reviews the proposed transactions or proposed investments with a view to strategically allocate the Group’s financial resources efficiently and to eliminate or minimise the risk of oversight in investment decisions. V. Board Meeting and Meetings Attendance The Board meets at least once every quarter on a scheduled basis and additional meetings will be convened as and when deemed necessary by the Board. The quarterly Board meetings are scheduled in advance at the commencement of the financial year to allow the Directors to plan their appointments ahead and to facilitate full attendance at Board meetings. All proceedings, deliberations and conclusions of Board meetings are minuted by the Group Company Secretary and are confirmed by the Board members at the next Board meeting and subsequently signed by the Chairman as the correct record of proceedings of the meeting, or signed by the Chairman of the meeting at which the proceedings were held. A total of five (5) Board meetings were held during FY2022 and the attendances of each Board member are set out as below: Director Designation Attendance of Board Meetings Tan Sri Dato’ Sri Mohamad Fuzi Bin Harun* Independent Non-Executive Chairman 5/5 Tan Sri Dato’ Tan Chee Sing Group Executive Vice Chairman 5/5 Mr Dion Tan Yong Chien Group MD 5/5 Mr Jared Ang Tzer Shen Group Executive Director 5/5 Dato’ Dickson Tan Yong Loong Group Non-Independent Non-Executive Director 5/5 Encik Mohd Najib Bin Abdul Aziz Independent Non-Executive Director 5/5 Datuk Wira Lye Ek Seang Independent Non-Executive Director 4/5 Ms Alice Dora Boucher Independent Non-Executive Director 5/5 Madam Vivienne Cheng Chi Fan Independent Non-Executive Director 5/5 Dato’ Sri Badrul Hisham Bin Abdul Aziz Independent Non-Executive Director 5/5 Dato’ Mohamad Lotfy Bin Mohamad Noh (Appointed w.e.f 25 August 2022) Independent Non-Executive Director 1/1@ Datuk Tan Mann Chai, JP (Appointed w.e.f 5 September 2022) Independent Non-Executive Director 1/1@ Tan Sri Dr Lim Wee Chai (Resigned on 11 January 2022) Non-Independent Non-Executive Chairman 0/0# 125 GOVERNANCE
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