MSM Malaysia Holdings Berhad Annual Report 2021

GOVERNANCE INITIATIVES SDG 16 PEACE, JUSTICE AND STRONG INSTITUTIONS GOVERNANCE A continuous effort on embedding good governance and inculcating a culture of high integrity are priorities. MSM Group's turnaround plan focuses on a high performance culture anchored on governance and integrity. It is everyone's role to ensure proper governance, integrity and adopting best practices at all times to ensure our success and safeguard our businesses. Strong and adequate controls have been put in place to manage all aspects of our business and ensure that our employees feel supported to do the right thing. The Board anchors the Group’s strong corporate governance culture to support sustainable and successful execution of MSM’s strategy and strengthen trust and confidence among our investors and stakeholders. The Board’s Audit Governance & Risk Committee (AGRC) supports the Board in fulfilling its statutory and fiduciary responsibilities, especially in the areas of financial reporting, governance, risk management and sustainability practices. In FY2021, we have strengthened our Board and governance structures through the appointment of two new members. They are: Nik Fazila Nik Mohamed Shihabuddin appointed on 18 October 2021 Azman Ahmad appointed on 18 October 2021 MSM is confident that diversity in our leadership teams will create and deliver value and drive MSM forward towards creating a resilient and sustainable business. Note: The approach taken by the Group and information about the Group’s corporate governance principles, structure and practices; Board of Directors, roles and board committees; risk management; internal and external control can be found in the Corporate Governance Overview Statement and Committees’ Report of this FY2021 Annual Integrated Report, on page 208. WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 176

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