Datasonic Group Berhad Annual Report 2019

CORPORATE GOVERNANCE OVERVIEW STATEMENT The Board of Directors (“the Board”) of Datasonic Group Berhad (“the Company”) is committed to upholding and inculcating good corporate governance practices, with the primary objectives of safeguarding stakeholders’ interests and enhancing shareholders’ value. The Board is pleased to present this overview statement on the application of each practice as set out in theMalaysian Code onCorporateGovernance 2017 (“MCCG2017”). This statement is prepared in compliancewith theMainMarket Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Malaysia”) and it is to be read together with the Corporate Governance Report 2019 of the Company which is available on the Company’s website at www. datasonic.com.my . PRINCIPLE A - BOARD LEADERSHIP AND EFFECTIVENESS I. BOARD RESPONSIBILITIES The Board’s roles The Board is collectively responsible for the long-term success of the Group and deliver sustainable value to the shareholders and various stakeholders. The responsibilities of the Board include setting the Group’s strategic directions, providing the leadership to put them into effect, supervising the management of the business and reporting to shareholders on their stewardship. The principal responsibilities of the Board in meeting the goals and objectives of the Company, among others are:- a) togetherwith seniormanagement, promote good corporate governance culturewithin the companywhich reinforces ethical, prudent and professional behaviour; b) review, challenge anddecideonmanagement’s proposals for theCompany, andmonitor its implementation by management; c) ensure that the strategic plan of the Company supports long-term value creation and includes strategies on economic, environmental and social considerations underpinning sustainability; d) supervise and assess management performance to determine whether the business is being properly managed; e) ensure there is a sound framework for internal controls and risk management; f) understand the principal risks of the Company’s business and recognise that business decisions involve the taking of appropriate risks; g) set the risk appetite within which the board expects management to operate and ensure that there is an appropriate risk management framework to identify, analyse, evaluate, manage and monitor significant financial and non-financial risks; h) ensure that senior management has the necessary skills and experience, and there are measures in place to provide for the orderly succession of Board and senior management; i) ensure that the Company has in place procedures to enable effective communication with stakeholders; and j) ensure the integrity of the Company’s financial and non-financial reporting. 51 DATASONIC GROUP BERHAD (Company No. 809759-X) ANNUAL REPORT 2019