MSM Malaysia Holdings Berhad Annual Report 2021

INVESTMENT ANDTENDER COMMITTEE REPORT The role of Investment and Tender Committee (ITC or the Committee) is to review the Business Plans progress and performance of MSM’s existing and new strategic investment. The Committee also oversee the operations and ensure governance of procurement processes within the organisation are carried out in a fair, transparent, effective and comprehensive manner in accordance with the limits set out in MSM Group Limits of Authority and Group Procurement Policy. THE BOARD IS PLEASEDTO PRESENT THE REPORT ON INVESTMENT ANDTENDER COMMITTEE FORTHE FINANCIALYEAR ENDED 31 DECEMBER 2021 (FY2021). Members Type of membership No. of meetings attended Datuk Dr Abd Hapiz Abdullah Chairman/Independent Non-Executive Director 8/8 Choy Khai Choon Member/Independent Non-Executive Director 8/8 Datuk LimThean Shiang Member/Independent Non-Executive Director 8/8 Azman Ahmad (appointed as Member with effect from 18 October 2021) Member/Non-Independent Non-Executive Director 3/3 The ITC comprises exclusively of Non-Executive Directors and majority are Independent Directors. The ITC Chairman is an Independent Non-Executive Director. The Board believes that the current ITC’s composition provides the appropriate balance in terms of skills, knowledge and experience to promote the interests of all shareholders and to meet the needs of the Group. Roles of the Committee The main responsibilities of the Committee are: • To ensure that MSM has in place optimum frameworks, mechanisms, policies and procedures for effective investment and procurement undertakings and activities • To review proposals related to investments, divestments and procurements of the Group in line with MSM’s prevailing related policies and procedures The full details of the Committee’s Term of Reference is published in the Company’s corporate website at SUSTAINABILITY JOURNEY HOWWE ARE GOVERNED FINANCIAL STATEMENTS ADDITIONAL INFORMATION 245