BOARD FOCUS AREAS The Board's responsibilities include ensuring the Company's appropriate management and achievement of its strategic objectives. To fulfil these responsibilities for the financial year end, the Board followed an annual meeting programme planned in advance during the fourth quarter of 2023. The annual Board Meeting calendar was communicated to the Directors before the start of the new financial year. Special meetings were convened as needed. The following are some of the main board activities during the financial year under review:- Strategic Plans and Direction • Reviewed and approved:- – The Annual Operating Plan, Corporate Scorecard and Managing Director/Chief Executive Officer Scorecard. – Healthcare Support Services Transformation. – Strategy Roadmap for UEM Edgenta Berhad. – The acquisition of Kaizen Group in United Arab Emirates. – The acquisition of 70% equity interest in Opus Consultants (M) Sdn Bhd. – The deregistration of dormant subsidiaries. – The proposed termination of Asset Management Services Agreement with Konsortium ProHAWK Sdn Bhd. – Incorporation of LLCs in United Arab Emirates. • The Board discussed on the Vision 2029 of UEM Edgenta as a leading premium healthcare facility management provider in Asia. Overseeing the Conduct of Business • Reviewed and approved the Circular to Shareholders in relation to Recurrent Related Party Transactions. Health, Safety, Security and Environment • Reviewed the Health, Safety, Security and Environment Report on a quarterly basis. Risk Management • Reviewed whistleblowing statuses on a quarterly basis. • Reviewed the risk exposures in relation to material litigations. • Reviewed the recommendation from BGRC and approved the following:- – Risk Management Status Report on a quarterly basis. – Strategic Roadmap for Risk, Integrity and Compliance Department. – Revision to the Terms of Reference of the Risk Management Committee. – Revised Business Continuity Management Framework. – Integrity & Compliance Reports. – Integrity & Compliance Plan. Financial Matters • Reviewed the recommendation from AC and approved the quarterly financial results and audited financial statements. • Met up with the External Auditors for the presentation of their reports. • Reviewed and recommended the re-appointment of External Auditors and their audit fees. • Considered and approved the application of Consolidation Exemption for Edgenta Arabia Limited. • Reviewed and approved the revaluation of investment properties. • Considered and approved the payment of Interim Dividend. • Considered and approved the upsize of Commodity Murabahah Revolving Credit-i. Succession Planning for Senior Management • Reviewed and approved the appointment of Senior Management of Grade UT2 and above. Environmental, Social & Governance • Reviewed and deliberated on the reports on the progress of the action plans for Environmental, Social & Governance on a quarterly basis. Governance/Compliance • Reviewed and approved the appointment of Directors for the Board and Board Committees of UEM Edgenta Berhad. Human Resources • Reviewed and approved the following:- – Remuneration framework and Performance Bonus for UEM Edgenta Group. – The revision of Job-Related Allowance. – The People Cost Optimisation Plan. – Productivity Benchmarking Study. – Gender Diversity Policy. 229 GOVERNANCE
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