Company Secretary Organisation Stakeholders Corporate Governance Overview Statement Governance Legislations and Compliance Strategy Vision, Mission and Core Values Policies and Procedures Quality and Assurance Our Commitment to Good Corporate Governance At IHH Healthcare Berhad (IHH or the Company), together with its subsidiaries (the Group), we strongly believe that sound corporate governance practices are essential for delivering shareholder value, enhancing business integrity, maintaining investors’ confidence and achieving the Group’s corporate objectives and vision. The Board, Management and employees of the Group are committed to achieving and maintaining the highest standards of corporate governance. We continuously strive to refine the Group’s corporate governance practices and processes and shall always uphold the pillars of corporate governance such as ethical behaviour, accountability, transparency and sustainability. The Board is committed to ensure that the Group’s Corporate Governance Framework complies with the following requirements and guidelines: • Companies Act 2016; • Malaysian Code on Corporate Governance (MCCG); • Main Market Listing Requirements (MMLR) of Bursa Malaysia Securities Berhad (Bursa Securities); and • Bursa Securities Corporate Governance Guide. The Board is pleased to present this statement, pursuant to Paragraph 15.25 of the MMLR, for the financial year ended 31 December 2023 (CG Overview Statement) in respect of the following principles: Principle A – Board Leadership and Effectiveness; Principle B – Effective Audit and Risk Management; and Principle C – Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders. The CG Overview Statement shall be read together with the Corporate Governance Report 2023, which is available on the Company’s website at https://www. ihhhealthcare.com/investors/corporategovernance/corporate-governance-reports. The existing IHH Corporate Governance Framework ensures orderly and effective discharge of our Board’s roles and responsibilities where certain roles and responsibilities of the Board are delegated to the relevant Board Committees, the Group Chief Executive Officer (GCEO) and Management committees, as depicted below. Principle A – Board Leadership and Effectiveness 1. Board Responsibilities The Board directs and oversees the management of the business and affairs of IHH and the Group, with the goal of achieving long-term success of the Company and delivering sustainable value to its stakeholders. Apart from making major policy decisions, the Board determines the strategic direction of the Company, ensures that the necessary resources are in place for the Company to meet its objectives and oversees the Management’s execution of strategy and financial performance. Together with Management, the Board sets the tone from the top by providing thought leadership, championing good corporate governance culture within the Company and formalising and committing to ethical values. Corporate Governance Framework Steering Committee Nomination and Remuneration Committee Risk Management Committee International Clinical Governance Advisory Council Audit Committee Group Chief Executive Officer Internal Audit Sustainability Committee (Chaired by Group Chief Executive Officer) Group Management Operating Companies’ Management Team Board of Directors IHH Healthcare Berhad 84
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