The Group monitors the business performance of respective Business Divisions through its KPIs and measures them against the approved Group AOP, 5-year Group Operating Plan and Strategic Plan on a regular basis via its General Management Committee meetings and other ad-hoc meetings to be carried out by the senior management as and when necessary. Reports and analysis on variances against the Group AOP are prepared and monitored, taking into consideration current and future macro/microeconomic situations and business landscapes. A report on the year-to-date quarterly Group results and performance is submitted and presented to the Board on a quarterly basis. The management is responsible for identifying and executing any mitigation actions, where necessary. EMPLOYEE’S AUTHORITY AND RESPONSIBILITY Employee’s authorities and responsibilities are detailed out in Job Description, Key Performance Indicators (“KPI”) and Discretionary Authority Limit (“DAL”). The establishment of performance framework serves as a guide for performance setting and monitoring at various levels, covering key financials, customers, internal processes and learning and growth indicators. DISCRETIONARY AUTHORITY LIMITS Clear delegation of authority is defined in the Discretionary Authority Limits (“DAL”), which sets the limit for strategic, operating and capital decisions and expenditures, as well as decision authority for each level of management within the Group, and also the Board’s authority. The DAL is reviewed from time-to-time to ensure effectiveness of strategic and operational executions. PROCUREMENT In parallel with the implementation of Oracle ERP, Group Procurement & Contract Management (“GPCM”) functions as a centralised and coordinated procurement function to control and manage procurement activities within each of the Group’s key business division, encompassing eight (8) key areas, namely, Procurement Strategy & Performance, Category Management, Vendor Management, Sourcing, Purchasing Admin, Contract Management, Master Data Management, and Inventory Management. The potential risks pertaining to these key areas are mitigated through procedural governance and compliance monitoring of the SOPs users. The SOPs will be reviewed periodically and updated as and when required to ensure continuous improvement of internal controls and taking into consideration any additional process improvement required. The provisions for Integrity & Compliance (i.e., Code of Conduct for Business Partner, Business Partners Letter of Declaration), HSSE Management Requirements are incorporated accordingly in the procurement terms and conditions to create awareness on our anti-bribery, anti-corruption, safety and accountability policies amongst our suppliers and contractors at the early stage of engagement with these stakeholders. INSURANCE ON ASSETS UEM Edgenta consistently maintains extensive insurance coverage, including Directors and Officers (“D&O”), general liability, motor, employee, cyber, asset, project insurance and among others. This approach not only mitigates potential losses from unexpected events but also reinforces operational resilience and enhances value for stakeholders. Insurance coverage is periodically reviewed to align with the dynamic business environment and evolving operational needs, ensuring it remains adequate and responsive to emerging risk factors. INTEGRITY & COMPLIANCE Integrity UEM Edgenta is committed to support the national anticorruption efforts by adopting zero-tolerance approach toward all form of corruption and embedding the integrity within our F.I.R.S.T core values. Our initiatives to prevent bribery and corruption align with the requirements of subsection 17A(5) of the Malaysian Anti-Corruption Commission Act 2009 through the adoption of the T.R.U.S.T principle. The details disclosure on our Corporate Integrity and Ethical Business Conduct can be found on pages 253 to 259 of this Integrated Annual Report. Compliance UEM Edgenta’s compliance management involves a comprehensive approach to maintaining an effective compliance policy and programme ensuring alignment with the applicable laws and regulations to safeguard the reputation and integrity of UEM Edgenta. 249 GOVERNANCE
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