MKH Annual Report 2020

47 MKH BERHAD Corporate Governance Overview Statement The Board of Directors (“Board”) of MKH Berhad recognise the importance of promoting good corporate governance to ensure long term sustainability, growth and delivering value. The Board is pleased to present the Corporate Governance Overview Statement (“CG Overview Statement”), which is made pursuant to Paragraph 15.25(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) to the shareholders on the manner MKH Berhad (“MKH” or “the Company”) and its subsidiaries (“the Group”) have applied the key Principles and Practices in accordance with the Malaysian Code on Corporate Governance 2017 (“the Code”) during the financial year ended 30 September 2020. This overview statement is to be read together with the Corporate Governance Report (“CG Report”), made pursuant to Paragraph 15.25(2) of the MMLR which articulates the application of the Company’s corporate governance practices as set out in the CG Report. The CG Report is available on the Company’s website at www.mkhberhad.com and Bursa Malaysia’s website. PRINCIPLE A: BOARD LEADERSHIP AND EFFECTIVENESS I. BOARD RESPONSIBILITIES 1. Board Duties and Responsibilities The Board is primarily responsible for the Group’s overall strategic plans, business performance, overseeing the proper conduct of the Group’s business, risk management, succession planning, investor relations, shareholders’ communication, internal control, corporate governance practices and statutory matters. To ensure effective discharge of its responsibilities, the Board delegates specific powers to other Board Committees and the management as prescribed under the Code namely, Executive Committee, Audit Committee, Nomination Committee, Remuneration Committee, Risk Management Committee and Sustainability Committee to ensure appropriate checks and balances in discharging its oversight function. These committees operate under clearly defined terms of reference as approved by the Board to oversee and deliberate matters within their purviews. The Board meets periodically to conduct review and update to the Board Charter , the Code of Ethics and Conduct as well all its governing policies across the Group at all levels. The Board Charter which outlines the duties and responsibilities of the Board and matters specifically reserved for collective decision of the Board, serves as a source of reference and primary induction literature for Directors in discharging their duties. The Board has approved the adoption of an Anti Bribery and Corruption Policy to be implemented across the Group at all levels. The Board Charter , the Code of Ethics and Conduct , the Whistleblowing Policy , the External Auditors Assessment Policy and the Anti Bribery and Corruption Policy respectively which were approved and adopted are available for viewing at www.mkhberhad.com .