Roles and Responsibilities (Cont'd) Notwithstanding the duties assigned to it by law and other duties which may be assigned thereto by the Board, the Board Nomination and Remuneration Committee shall have the following basic responsibilities (Cont'd): • With respect to Appointments to the Board (Cont'd) d) Ensure that due diligence is carried out on the candidate for directorship and CEO to ensure compliance with the regulatory requirements set by the Authorities. e) Ensure compliance with Bursa Malaysia’s requirement towards 30% female presence on the Board by the year 2027. • With Respect to Induction and Training The Committee shall ensure that all new directors undertake an appropriate on-boarding Directors Programme and the Mandatory Accreditation Programme (Bursa Malaysia) to ensure that they are fully informed about strategic and commercial issues affecting the Company and the markets in which it operates as well as their duties and responsibilities as a director and consider any training requirements for the Board as a whole. • With Respect to conflicts of interest The Committee shall: a) Before the appointment of a director, require the proposed appointee to disclose any other business interests that may result in a conflict of interest and to report any future business interests that could result in a conflict of interest. b) Consider and, if appropriate, authorize situational conflicts of interest of directors and potential directors. • With Respect to the Board Evaluation The Committee shall: a) Assist the Chairman of the Board with the implementation of an annual evaluation process. b) Review the results of the Board performance evaluation process that relate to the composition of the Board. Matters Discussed by the BNRC in the FY2024 In 2024, the BNRC, in the performance of its duties in accordance with the scope of responsibilities specified in the BNRC Charter as approved by the Board, convened its 5 meetings to consider the significant matters and report the results to the Board that can be summarized as follows: a) Establishment of Key Performance Indicators (“KPIs”) of the Company as well as the CEO based on the approved strategic planning; b) Review of the Company’s organization structure that can support the growth and target of the Fund; c) Review of the Board/Board’s Committees composition and establishment of the Board Sustainability Committee (“BSC”); d) Compliance with the requirement in relation to gender diversity (woman director) on the Board; e) Review of the performance evaluation on the Board; Board Nomination and Remuneration Committee Report 1 ABOUT US 127 3 SUSTAINABILITY STATEMENT 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW
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