Director Designation Attendance of Board Meetings Mr Lee Han Ming (Resigned on 1 May 2022) Group CEO 2/2# Datuk Siw Chun A/P Eam (Resigned on 18 August 2022) Independent Non-Executive Director 3/3# Dato’ Dr Teo Tong Kooi (Resigned on 20 January 2023) Senior Independent Non-Executive Director 5/5# Note: * Promoted from Independent Non-Executive Director to Independent Non-Executive Chairman on 19 January 2022. @ Reflects the number of meetings held during FY2022 after his appointment as Director. # Reflects the number of meetings held during FY2022 prior to his/ her resignation as Director. All the existing Directors as at the date of this Statement have complied with the minimum requirement of 50% attendance in respect of Board meetings held in FY2022 as stipulated in the MMLR of Bursa Securities. In the intervals between Board meetings, for any matters requiring Board’s decisions, Board’s approvals are obtained through written resolutions in circulation. The resolutions passed by way of such resolutions in circulation were then noted by the Board in the next quarterly Board meeting. The Directors are expected to allocate sufficient time to the Company to perform their duties effectively, including being prepared for the meetings and contributing effectively to the businesses of the Company. Directors of the Company must not hold directorships in more than five (5) public-listed companies and they should notify the Board of any change of their directorships. VI. Company Secretaries The appointment and removal of Company Secretaries are a matter of the Board as a whole. The Board recognises the importance that the Company Secretaries should be suitably qualified and capable of carrying out the duties required of the post. The key roles of the Company Secretaries are to provide unhindered professional advices and services to the Directors as and when the need arises, to enhance the effective functioning of the Board and to ensure regulatory compliance. Other primary responsibilities of the Company Secretaries include: • advising the Board and Management on governance issues; • ensuring compliance with MMLR of Bursa Securities and related statutory obligations; • attending the Board, Board Committees and general meetings and ensuring the Board meeting procedures are followed as well as a proper recording of minutes; • ensuring the proper maintenance of statutory registers and records; • assisting the Chairman in the preparation and conduct of meetings; • updating the Directors on any new changes and developments to the statutory or regulatory requirements concerning their duties and responsibilities as well as those concerning the Company; • regularly update and keep the Board and Management informed of the requirements in dealing with the securities of the Company during the closed period and non-closed period; and • assisting the communications between the Board and Management. The Company Secretaries had assessed the requirements of the Companies Act 2016 (“the Act”) and MCCG and facilitated training for the Board on the approaches envisaged by the Act and MCCG as well as providing advices to the Board on the application of practices within the Group. VII. Ethics and Codes The Board acknowledges its leadership role in creating ethical values and observing ethical conduct. The Board adopts and observes the Code of Ethics for Company Directors established by the Companies Commission of Malaysia, as the Board is fully supportive of the principles in the said Code of Ethics and finds it suitable for the Company to uphold the same principles. A copy of the said Code of Ethics for Company Directors can be found on the Company’s website at https://www.tropicanacorp.com.my/ corporate-governance. VIII. Board Charter The Board is accountable and responsible for the performance and governance activities of the Group with a view of protecting shareholders’ value and recognising the interests of all other stakeholders namely, customers, suppliers, contractors, employees, regulators, members of the communities and all others with whom Tropicana interfaces. The Board Charter is intended to identify the role, structure and processes related to key governance activities of the Board. It serves as a reference point for Board’s activities. It is designed to provide guidance and clarity for Directors and Management with regards to the roles of the Board and its Committees, the roles of the top key positions of the Company and the requirements of Directors in carrying out their roles and in discharging their duties towards the Company as well as the Board’s operating practices. A copy of the Board Charter is available on the Company’s website at https://www.tropicanacorp.com.my/corporate-governance. 126 ANNUAL REPORT 2022
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