CORPORATE GOVERNANCE SECTION 4 85 Al-`Aqar Healthcare REIT | Annual Report 2024 CORPORATE GOVERNANCE OVERVIEW STATEMENT In its deliberation and review of the CG Overview Statement, the Board is satisfied that the practices set out in the Malaysian Code on Corporate Governance (“MCCG”) as defined in the MCCG, in all material respects, have been applied to achieve the intended outcomes for the financial year under review. This Corporate Governance Overview Statement (“CG Statement”) sets out the principal features of the Group’s corporate governance approach, a summary of corporate governance practices during the year under review as well as key focus areas and future priorities concerning corporate governance. The Board is committed to ensuring that a strong governance framework operates throughout the Group, recognising that good corporate governance is a vital component to support management in their delivery of the Group’s strategic objectives and to operate a sustainable business for the benefit of all stakeholders. The process of identifying, developing, and maintaining high standards of corporate governance is ongoing and dynamic, to reflect changes in the Group and its business, the composition of the Board, and developments in corporate governance. The Board has been guided by the MCCG in its implementation of CG practices while ensuring compliance with the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad, the Guidelines for Listed REITs, Bursa Malaysia Corporate Governance Guide 28 April 2021, and Companies Act 2016. The CG Overview Statement provides a summary of the Company’s CG practices during the financial year, with reference to the following 3 principles, intended outcomes and practices of the MCCG, having considered the Company’s structure, processes, business environment and industry practices: For more information on CG Overview Statement, please visit our offical website: https://www.alaqar.com.my/Investor-corp-governance.php PRINCIPLE A Board Leadership and Effectiveness For more information refer to page 88 of this report. PRINCIPLE B Effective Audit and Risk Management For more information refer to page 92 of this report. PRINCIPLE C Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders For more information refer to page 94 of this report.
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