INTERNAL CONTROL SYSTEMS (CONT’D) Key Features of Internal Control (Cont’d) The key elements and/or features of the internal control system established for maintaining strong corporate governance are as follows (Cont’d): (g) Human Capital and Talent Management Governance & Reporting Structure The HR Department reports every quarter to the REID Group Chief Human Development Officer, who holds a strategic function in ensuring that human capital and talent management plans are aligned with the Business. The Real Estate Infrastructure Division (REID) Group is responsible for the formulation, implementation, monitoring, and review of the overall human resources strategy. The scope covers from entire employee life cycle from Talent Acquisition, Performance Management, Talent Development and drives Organisational change in building organisational capabilities. Reward & Recognition Establishing a clear system on how to measure employees’ performance is key in sustaining a business model based on a “exponential growth agenda”. The company uses a Key Performance Indicator (“KPI”) system as part of the Performance Management System (“PMS”) which starts with an Annual Planning cycle. The KPI System embeds the culture of accountability with KPIs scoring distributed across individuals / functions and organisation’s achievement. The 360 degrees performance appraisal are currently in practice to provides each employee the opportunity to give performance feedback on his or her supervisor’s or manager’ and peers. Succession Planning Leadership Development is a key priority and the company follows a strategic framework that feeds into the Succession Planning process. Succession Planning is done for key roles and it’s a partnership discussion between the JLG Group Human Resource, the Board Numeration and Nomination Committee, the CEO, and the Head of Departments. To ensure competency among the successors, a fit and proper policy is enforced as a guide for directors, director candidates, Shariah Adviser(s), CEO/ Principal Officers, and CMSRL holders as well as future leaders at the organisation. Employee Safety & Health The Human Resource Unit is in charge of the Safety & Health issues at the operating level to address and ensure compliance with Occupational Safety and Health policies and procedures, with a goal to facilitate the provision of a safe and healthy working environment for all employees and other related parties in compliance with the requirements of the Occupational Safety and Health Act 1994. The manager has established a mental health policy & procedure in providing a structural approach for identifying, supporting, and managing mental health issues among employees in the workplace. Mental health awareness training also was conducted on the 30 of May 2024 to trigger the employee’s awareness regarding their mental health. The Manager undertakes adequate insurance coverage on both its employees and assets to ensure both are sufficiently insured against any losses arising from various perils faced in the Manager’s/ REIT’s operations. Statement on Risk Management and Internal Control 1 ABOUT US 147 3 SUSTAINABILITY STATEMENT 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW
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