MSM Malaysia Holdings Berhad Annual Report 2019

Committee Key Responsibilities/Meetings Held & Activities in 2019 • Reviewed the Quarterly Report on Group Risk Registers • Reviewed for revision and adoption of MSM Group Policies and Procedures Manual • Reviewed the Legal Authority Limit and Signing Protocol version 2.0 for MSM Group • Reviewed the Corporate Governance Report for the financial year ended 31 December 2019 Investment Committee (IC) (disbanded on 20 November 2019) Chairman • Dato’ Hajjah Rosni Haji Zahari (ined) Members • Dato’ Zainal Haji Ismail (ined) • Dato’ Haris Fadzilah Hassan (Nined) • Review the annual business plans and budgets for recommendation to the Board • Review investments in sugar midstream (sugar refinery) and downstream (consumer products) activities only • Evaluate proposals on new investments and divestments of significant value to ensure consistency with MSM Global Strategy and returns in excess of a hurdle rate adjusted for risk and performance premium • Approve investments up to a prescribed amount as determined by the Board from time to time, beyond which a recommendation will be made to the Board • Review financial investment portfolios of the Group.This includes and is not limited to the existing and new merger & acquisitions, new partnerships, divestments and large capital expenditure projects • Oversee current and future capital and financial resource requirements and monitor fund raising activities of the Group • Conduct annual performance evaluation of the Group’s investment activities • Review the foreign exchange and raw sugar hedging policies and procedures The Committee had two meetings during 2019 and summary of key matters discussed among others are: i) Reviewed the progress update on MSM Johor Sugar Refinery Project ii) Reviewed the Strategic Initiatives Update The Committee was disbanded on 20 November 2019. All investment matters shall be tabled direct to the Board meeting for deliberation. Note: ined : Independent Non-Executive Director nined : Non-Independent Non-Executive Director The Board Committees’ are governed by their respective TOR. The Board Committees’ TOR are published in the Company’s corporate website at http://www.msmsugar.com/our-company/ corporate-governance. Our Company Secretary The Board is supported by a qualified and competent Company Secretary and has unrestricted direct access to the advice services of the Company Secretary to facilitate them in discharging their duties and responsibilities. Ms Koo Shuang Yen is the Company Secretary of MSM Group since 20 May 2011. The details of information on the roles and responsibilities of the Company Secretary can be found in the 2019 CG Report and Board Charter at Company’s corporate website at http://www.msmsugar.com/our-company/corporate-governance. 73 CORPORATE GOVERNANCE 07