149 GOVERNANCE | CORPORATE GOVERNANCE OVERVIEW STATEMENT Sustainability In June 2023, the Company hosted Synergy 2023, an investor event attended by over 400 individuals, including Board Members. Themed “Inclusive Transition,” it spotlighted discussions on sustainable strategies amid the evolving energy landscape. Keynotes from global leaders, expert panels, and a technology showcase underscored the imperative for a just and inclusive approach to achieve net zero emissions. Cybersecurity A comprehensive cybersecurity awareness session was organised for the Board in the form of an intensive training programme. External consultants delivered presentations, highlighting the pivotal role of cybersecurity in protecting company assets and data integrity. This initiative reaffirms the Company’s dedication to proactive risk management and ensures that Board Members are well prepared to tackle evolving cyber threats effectively. Compliance Annual refresher training on ABAC was conducted for Board Members. This session emphasised the significance of ABAC measures in upholding ethical business practices and ensuring compliance with regulatory standards. By integrating ABAC training into the Board Members’ ongoing development plan, the Company underscores its commitment to integrity and responsible governance at all levels of the organisation. As part of the individual director’s contribution to the Board evaluation process, the Board is invited to pinpoint any skill or knowledge gaps they wish to address. Based on their input, we are developing a comprehensive training programme focused on emerging topics and thematic issues vital for the Board’s awareness. Topics include: • Global industry trends in the Group’s operating sectors; • Energy transition strategies and opportunities; and • Conflict of Interest management. Board meetings and access to information Directors are supplied with relevant information and reports, enabling informed decisions to be made and responsibilities to be effectively discharged. A comprehensive annual Board calendar is curated to offer a holistic view of the Board’s annual activities. The process ensures that the Board’s time is prioritised to focus on the most material strategic and business-critical items, including items reserved for its own decision-making. Meeting notices and papers, wherever possible, are uploaded to a secure digital meeting software and disseminated to Board and Board Committee members at least seven (7) days prior, allowing convenient direct access and sufficient time to review, consider, and prepare for the meetings. The deliberations and decisions of the Board and Board Committees are recorded in minutes and circulated for confirmation. The Board has direct access to the Senior Management and Company Secretaries and may obtain independent professional advice, if necessary, in accordance with procedures in the Board Charter. NOMINATING AND REMUNERATION The NRC, composed of all INEDs, holds the primary responsibility for overseeing the appointment process to the Board and Senior Management, ensuring the implementation of orderly succession plans for positions in both. The NRC also reviews remuneration policies for the Board, its Committees, and Senior Management to maintain competitiveness, appropriateness, and alignment with prevailing market practices. BOARD DEVELOPMENT The Board consistently receives updates to strengthen its understanding and expertise in our business and its regulatory environment, prioritising alignment with evolving standards. Additionally, our Board participated in various training programmes covering sustainability, board leadership, governance, risk management, strategy, finance, and industry outlook. The details of the trainings attended by the Board for FYE 2024 are disclosed in the Corporate Governance Report, which is available on our corporate website. Key in-house trainings and events organised by the Company, with Board participation, include:
RkJQdWJsaXNoZXIy NDgzMzc=