2. SUSTAINABILITY GOVERNANCE Corporate Governance The sustainability governance structure provides oversight over key sustainability principles across the Group. At Destini, all matters related to sustainability are governed and managed by various levels in the organisation. The success of the governance structure is the result of sustainable leadership from our Board of Directors, Senior Management, and Operational Management, which collectively form our leadership team. At Destini, we believe that good governance plays a key role in achieving the Group’s objectives to deliver our sustainability targets. The Board oversees the Group’s sustainability agenda and ensures that the Group remains a sustainable organisation. The Board also acknowledges that risk management and internal control are integral to our corporate governance and that it is responsible for establishing a sound risk management framework and internal control system as well as to ensure their adequacy and effectiveness. The review of the adequacy and effectiveness of the risk management framework and the system of internal control is delegated by the Board to the Risk Management Committee. The Group’s performance is also tracked with the assistance of the Audit Committee and Nomination and Remuneration Committee. In summary, · Board of Directors - Oversees the Group’s sustainability initiatives and endorses the proposed sustainability initiatives and material sustainability matters related to the Group. · A udit Committee - Reviews the Company’s processes for produces timely and accurate financial data, and internal controls as well as oversees all risk management activities. · N omination and Remuneration Committee - Oversees matters related to proposing suitable new candidates for appointment to fill the seats of Board Members and Senior Management and assists the Board in developing and establishing competitive remuneration policies and packages. · Risk Management Committee - Assists the Board in overseeing all risk management activities within the Group and review the efficiency and effectiveness of the internal controls within the Group The responsibility of the Board to promote and embed sustainability in the Group includes overseeing the following: · Stakeholders’ engagement. · M ateriality assessment and identification of sustainability risks and opportunities. · Management of material sustainability risks and opportunities. The Board regularly reviews the strategic direction and progress of operations, taking into account changes in the business, political and communal environment and various risk factors Ethical Business Practices In establishing and maintaining a culture of ethical behaviour and practices, we are committed to uphold the highest standards in corporate governance. To this end, we strive to strictly comply with the principles and guidelines set out in the Malaysian Code on Corporate Governance issued by the Securities Commission Malaysia. Corporate policies are publicly available on the Group’s corporate website and Destini’s employee portal to enhance corporate transparency. As such, an Anti-Bribery and AntiCorruption Policy as well as a Whistle Blowing Policy are uploaded on our website to provide wider stakeholders including suppliers, contractors, business partners and associates as a guideline to be followed. Our zero-tolerance policy towards bribery and corruption is a testament to our highest commitment to our business ethics. To further reinforce these best practices, we provide an onboarding session on Corporate Liabilities under Section 17A of the MACC act. This training programme guides our employees with the knowledge and in-depth understanding to identify and prevent fraudulent activities, promoting ethical principles and behaviours in their duties. We also require all employees to abide by the policies and our ethical standards as stipulated in our employee handbook. At Destini, the Board and management team are collectively responsible for developing, implementing and maintaining a sound corporate governance system, as good governance promotes well-managed and accountable decision-making at all levels of a business. SUSTAINABILITY STATEMENT SUSTAINABILITY REPORT 38 DESTINI BERHAD ANNUAL REPORT 2024
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