CORPORATE GOVERNANCE OVERVIEW STATEMENT In general, the process for the appointment of director to the Board is as follows: i) T he NRC reviews the Board’s composition through Board assessment/evaluation; ii) The NRC determines skills matrix; iii) T he NRC evaluates and matches the criteria of the candidates, and will consider diversity, including gender, where appropriate; iv) T he NRC recommends to the Board for appointment; and v) The Board approves the appointment of the candidates. Factors considered by the NRC when recommending a person for appointment as a director include: i) Skills, knowledge, expertise and experience; ii) Professionalism and Integrity; iii) T he merits and time commitment required for a Non-Executive Director to effectively discharge his or her duties to the Company; iv) T he outside commitments of a candidate to be appointed or elected as a Non-Executive Director and the need for that person to acknowledge that they have sufficient time to effectively discharge their duties; and v) T he extent to which the appointee is likely to work constructively with the existing directors and contribute to the overall effectiveness of the Board. During the financial year under review, there were two (2) new appointment of directors as recommended by the NRC, which are Syaiful Hafiz Bin Moamat Mastam as Non-Independent & Non-Executive Director and Puan Norzilah Binti Mohammed who was re-designated fromGroup Deputy Chief Executive Officer to an Executive Director of the Company on 26 March 2021 respectively. BoardroomDiversity The Board acknowledges the importance of boardroom diversity and is supportive of the recommendation of MCCG 2021 to the establishment of boardroom and workforce gender diversity policy. The Board’s aim is to have a broad range of approaches, backgrounds, skills and experience represented on the Board and to make appointments on merit, and against objective criteria, with due regard given to the benefits of diversity on the Board, including gender, age and ethnicity. The Board recognises diversity in the boardroom as an essential component of a good corporate governance. Currently, our Board members comprise of one (2) female directors. In line with the country’s aspirational target of 30% representation of women on boards, the Board may consider appointing more females onto the Board in future to bring about a more diverse perspective. The existing Directors’ age distribution falls within the respective age group and are as follows: The current diversity in the race/ethnicity and nationality of the existing Directors are as follows: Number of Directors Race/Ethnicity Nationality Malay Chinese Indian Others Malaysian Foreign 7 0 0 0 7 0 Age Group 31-40 41-50 51-60 61 & above Number of Directors 1 2 3 1 58 DESTINI BERHAD • ANNUAL REPORT 2021
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