ENRA Group Berhad | Annual Report 2022 36 the needs of the Company. Our Board acknowledges that the recommendation of Practice 5.9 of the MCCG 2021 with regard to gender diversity on the Board has yet to be adopted. The Board will take into consideration the requirement on gender diversity when vacancies on the Board arise. During the year under review, changes to the Board composition have taken place. Dato’ Mazlin bin Md Junid relinquished his position as President & Group Chief Executive Officer, and resigned from the Board. This position was filled up by Tan Sri Dato’ Kamaluddin bin Abdullah who relinquished his position as Executive Deputy Chairman. During the year, Datuk Anuar bin Ahmad had also resigned from the Board. On 8 March 2022, ENRA appointed Tunku Afwida binti Tunku Abdul Malek (“Tunku Afwida”) as an Independent Non-Executive Director. She was subsequently appointed as a member of the Audit and Risk Management Committee, and Board Nomination and Remuneration Committee. Being a member of the Malaysian Institute of Accountants, Tunku Afwida’s appointment to the Board has resulted in ENRA complying with two additional compliance matters; having a female Board member (constituting 14% of Board composition) and having at least one member of the Board to be an MIA member. With these changes, the Board now comprises of seven members as opposed to eight in the previous years. b. Related party transactions In line with our corporate values and as a responsible corporate entity, we ensure that the rights of our minority shareholders and institutional investors are adequately protected and our actions are not detrimental to them. The Board understands its fiduciary duties which comprise of duty of care (diligent and conscientious), duty of candour (open, honest and frank) and duty of loyalty (to good principles and codes). All transactions with related parties during the reporting period under review are supported by definitive agreements with terms and conditions that are on arms’ length basis and on usual commercial terms. For recurrent related party transactions, we have obtained the shareholders’ mandate in the last Annual General Meeting and those transactions values are still below the threshold. Related party transactions entered into by the Group for this financial year and the previous financial year are set out in TABLE 3 below: TABLE 3 Type of transaction FYE 31 March 2022 RM’000 FYE 31 March 2021 RM’000 FYE 31 March 2020 RM’000 Routine operational transactions - outflow of cash - inflow of cash Purchase of assets (11,532) 1,047 - (11,407) 626 - (11,236) 265 (22,891) SUSTAINABILITY REPORT
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