MSM Malaysia Holdings Berhad Annual Report 2019

CORPORATE GOVERNANCE OVERVIEW STATEMENT Our Board is committed to ensure that it provides effective leadership and promotes a culture of uncompromising ethical standards based on honesty and integrity. The Board achieves this by requiring that good governance principles and practices are adhered to and are embedded throughout the Company. MSM’s Corporate Governance Framework is consistent and complies with the following best practices and guidelines: • Main Market Listing Requirements (MMLR) of Bursa Malaysia Securities Berhad (Bursa Securities). • Malaysian Code on Corporate Governance 2017 (MCCG 2017) published by the Securities Commission. • Corporate Governance Guide – 3 rd Edition 2017 (3 rd CG Guide) published by Bursa Securities. MSM Governance framework is depicted below: The Board of MSM Malaysia Holdings Berhad (MSM or Company) is pleased to present the Corporate Governance Overview Statement (Statement or CGOS) which provides the highlights on how MSM complied with the principles and best practices recommended under the Malaysian Code on Corporate Governance 2017 during the financial year ended under review 31 December 2019 (FY 2019). This Statement is prepared in compliance with Bursa Malaysia Securities Berhad Main Market Listing Requirements and it is to be read together with the Corporate Governance Report FY 2019 (2019 CG Report) of MSM. Compliance Audit Committee Nomination and Remuneration Committee Board Governance & Risk Management Committee Integrated Reporting and Disclosure Policies and Internal Control Internal Audit/ External Audit BOARD SHAREHOLDERS MSM Governance Framework STAKEHOLDERS BOARD COMMITTEE GROUP CHIEF EXECUTIVE OFFICER CORPORATE CENTRES, OPERATIONS AND SUPPORTING FUNCTIONS MSM Malaysia Holdings Berhad | Annual Report 2019 70